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Discussion :: National - Latest Current Affairs (Q.No.731)

731. 

The National Bank for Agriculture and Rural Development has sanctioned how much fund for Punjab to ensure continuous credit flow to farmers, through state cooperative banks?

[A]. Rs 1,500 crores
[B]. Rs 2,500 crores
[C]. Rs 3,500 crores
[D]. Rs 2,000 crores

Answer: Option A

Explanation:

The National Bank for Agriculture and Rural Development(NABARD) has sanctioned Rs 1,500 crores for Punjab to ensure continuous credit flow to farmers, through state cooperative banks, amidst the COVID-19 pandemic. Out of the total amount Rs 1,000 crores is sanctioned to Punjab State Cooperative Bank and Rs 500 crores to Punjab Gramin Bank.

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