NABARD registers growth rate at 23.5%
09/04/2021

Tags:

Context:

  • National Bank for Agriculture and Rural Development (NABARD) closed its business at Rs. 6.57 lakh crore in FY 2020-21, recording a growth rate of 23.5%.

About:

  • Under Aatmanirbhar Bharat Abhiyan, NABARD released amounts to cooperative banks, Regional Rural Banks (RRBs) and to NBFC-MFIs (Non-Banking Financial Company: Micro Finance Institution) through a Special Liquidity Facility (SLF).
  • NABARD registered a total refinance disbursement of Rs. 2.23 lakh crore to support agriculture and rural development activities during the pandemic.
  • A refinance facility of Rs. 500 crore was introduced to support the Government of India’s Water, Sanitisation and Hygiene (WASH) programme.

NABARD National Bank for Agriculture and Rural Development

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