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Funds to NABARD

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..... Funds to NABARD
News and Press Release
Dated:- 23-8-2012

Press Information Bureau Government of India Ministry of Finance 22-August-2012 17:22 IST To strengthen the capital base of N .....

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..... ational Bank for Agriculture and Rural Development (NABARD) and thereby enhance its borrowing capacity to meet its developmental mandate, the Government of India has approved the proposal for augmenti .....

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..... ng its capital by infusing equity of Rs 3,000 crore. The Government has released Rs 1000 crore in 2011-12. In 2012-13, so far Rs 500 crore has been released. The Interest Subvention Scheme is being .....

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..... implemented by the Government of India since 2006-07 to make short-term crop loans upto Rs. 3 lakh for a period of one year available to farmers at the interest rate of 7 percent per annum. Under the .....

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..... Scheme, Cooperative Banks and Regional Rural Banks are being provided refinance through NABARD so as to lend the farmers at 7% p.a. The rate of refinance to Cooperative Banks and Regional Rural Banks .....

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..... was 4.5% in 2011-12. This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today. * * * DSM/RS/Hb
News - Press .....

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..... release - PIB .....

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