NABARD Current Affairs - 2020

RBI Monetary Policy: Bank keeps repo rate unchanged

On August 6, 2020, the six-member Monetary Policy Committee (MPC) of Reserve Bank of India held its meeting in New Delhi. The committee was headed by RBI Governor Shaktikanta Das. Highlights During the meet, the following key decisions were taken The repo rate was kept the same at 4% The reverse repo rate was kept Read More…

Animal Husbandry Infrastructure Development Fund: Implementation Guidelines launched

On July 16, 2020, the Union Minister of fisheries, Husbandry and Dairying launched guidelines for Animal Husbandry Infrastructure Development Fund (AHIDF). Highlights The fund will help to increase milk production to 330 million tonnes by 2024. The Government of India is planning to increase milk processing up to 40%. The AHIDF will facilitate incentivization of Read More…

NABARD launches Rs 44 lakhs worth projects in Andaman and Nicobar Islands

On July 16, 2020, the National Bank for Agriculture and Rural Development launched projects worth of Rs 44 lakhs in Andaman and Nicobar Islands. Highlights The projects have been launched to develop Self Help Groups and also to help in skill development of Self-Help Groups in the territory. Around 385 village level programmes are to Read More…

NABARD launches Scheme: Rs 5,000 crores allocated to computerise PACS

The National Bank for Agriculture and Rural Development (NABARD) has launched a refinance scheme for financial institutions and banks. It has allocated Rs 5,000 crores for the scheme. Highlights Under the scheme, the Primary Agricultural Credit Societies are to be turned into multi-service centres. The fund allocated under the scheme is to be made available Read More…

RBI releases Framework for sale of Loan Exposure and Securitization of Standard Assets

The Reserve Bank of India recently released draft framework for “Sale of Loan Exposures” and “Securitization of Standard Assets”. Highlights The guidelines issued are applicable to Scheduled Commercial Banks. This includes All India Financial Institutions such as EXIM Bank, NABARD, Non-Banking Financial Companies. The guidelines have also included recommendations of Committee on Development of Housing Read More…