Questions and Answers
What is the total number of physical books available in the Central Library at NABARD?
25,834 books
When was the Strategic Planning and Product Innovation Department (SPPID) established?
01 January 2023
How many additional books were added to the Central Library's resource base during the year 2023-24?
26 additional books
Which two companies has NABARD partnered with for the implementation of Core Banking Solutions in Rural Cooperative Banks?
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What is the status of the agreement for the TCS B@NCS platform with Rural Cooperative Banks?
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What is the role of the newly created Technological & Digital Intervention Cell in NABARD?
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What was one major integration achievement of NABARD in the fiscal year 2023-24?
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What software versions are being used by the Rural Cooperative Banks as part of the CBS implementation?
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What was the collective outcome of RCBs participating in the common Request-for-Proposal for Cyber Insurance facilitated by NABARD?
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How did the new Cyber Insurance policy offered to RCBs differ from the individual policies they previously acquired?
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What is the purpose of the KCC Portal developed by NABARD?
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Describe the integration aspect of the KCC Portal as approved by the RBI.
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What is the significance of the eNWR Pledge Loan Gateway launched by WDRA with inputs from NABARD?
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What innovative technologies does the KCC Portal utilize to support loan underwriting?
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Explain how the collective approach to Cyber Risk Insurance benefited RCBs financially.
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What was the launch date of the e-Kisan Upaj Nidhi on the JanSamarth Portal?
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How does the KCC Portal enhance the loan application process for banks?
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What major advantage do RCBs gain from having a common platform for Cyber Insurance?
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What is the purpose of NABARD's ‘Green Taxonomy’?
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When was India's first sub-national climate finance facility launched and with whom?
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Which multilateral development banks is NABARD engaging with for climate-resilient projects?
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What are some identified areas of focus for NABARD's collaborative efforts?
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What is the significance of the Shared Services Entity proposed by NABARD?
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How does NABARD plan to ensure cost-effective service delivery to the last mile?
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What role does the World Bank play in NABARD's sub-national climate finance facility?
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What is one of the goals regarding Zero-carbon food system transformation mentioned in NABARD’s initiatives?
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What does NABARD's engagement with MDBs primarily focus on?
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What will the tech-led CBS+ services by cooperative banks provide?
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What is the primary purpose of the Pledge Loan Scheme based on eNWRs disseminated by NABARD?
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Which organization provided technical support to NABARD for developing the online tool for SHG data collection?
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What is the expected benefit of the Agriculture Infrastructure Fund (AIF) Interest Subvention Portal?
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As of when was the NRLM Interest Subvention Portal launched, and who collaborated with NABARD for its development?
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What key advantage does the NRLM Interest Subvention Portal offer to RRBs and Cooperative Banks?
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What type of events will NABARD organize to promote the Pledge Loan Scheme?
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Why is the AIF Interest Subvention Portal undergoing User Acceptance Testing (UAT)?
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What role does NABARD play in promoting financial inclusion through its online initiatives?
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How does the Pledge Loan Scheme aim to contribute to the agricultural sector?
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In what way does the collaboration between NABARD and banks strengthen rural financial systems?
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What strategic partnership did NABARD engage in to highlight the importance of millets?
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How many media interviews were conducted for NABARD's Chairman and top management?
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What kind of publication did NABARD produce that linked Geographical Indications to its website?
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What type of publication received acclaim from various quarters for its depiction of NABARD's initiatives?
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What was the outcome of NABARD's press activities in terms of news publication?
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Study Notes
Central Library
- Central Library at NABARD Head Office, Mumbai operates under DEAR.
- Holds a resource collection of 25,834 books, 21 journals, 68 magazines, 13 newspapers, and 9 digital publications.
- 26 books were added to the library's inventory in the 2023-24 fiscal year.
Strategic Planning and Product Innovation Department (SPPID)
- Established on January 1, 2023, to innovate credit products for agriculture and rural development.
- Aims to enhance NABARD's visibility and engagement with stakeholders.
- Expanded scope includes digital and technology interventions in rural financial institutions.
Achievements in FY 2023-24
- Core Banking Solutions (CBS): Integrated Rural Cooperative Banks (RCBs) with CBS using TCS BaNCS and Finacle software.
- Cyber Insurance: Facilitated collective cyber risk insurance for 75 RCBs, achieving lower premiums (0.62% compared to market rates of 0.75%-1.25%).
Digital Technology Developments
- KCC Portal: Launched Loan Origination System for KCC loans, integrating with satellite imagery and KYC authentication.
- eNWR Pledge Loan Gateway: Developed on JanSamarth Portal for easier access to pledge loans for farmers; launched on March 4, 2024.
- SHG Data Collection Tool: Developed an online portal to collect self-help group data for better access to government benefits.
- AIF Interest Subvention Portal: Web portal in development to automate interest subvention claims for agriculture projects, currently under user acceptance testing.
- NRLM Interest Subvention Portal: Launched January 11, 2024, to automate NRLM claims processing, improving turnaround time for RRBs and cooperative banks.
Climate Financing and Partnerships
- Introduced ‘Green Taxonomy’ for climate-based credit assessment and project tagging.
- Launched India’s first sub-national climate finance facility on February 20, 2024, in collaboration with Goa and the World Bank.
- Engaged with multilateral development banks (MDBs), focusing on climate-resilient projects and sustainable agriculture.
Shared Services Entity
- Proposed Shared Services Entity for cooperative banks, offering tech-led CBS+ services to match commercial bank standards, enhancing operational efficiency.
Thematic Advertisements & Media Engagement
- Featured NABARD in a special four-page supplement in Economic Times across 14 cities.
- Conducted strategic media campaigns, including millets advocacy with Radio Mirchi and co-sponsored events with The Hindu Group.
- Engaged in public relations with multiple media interactions, resulting in 822 news publications about NABARD.
Publications
- 2024 calendar showcases geographical indications supported by NABARD and incorporates QR codes for online access to more information.
- Diary features Warli design and motivational quotes, aligning with NABARD's branding initiatives.
- Published a corporate brochure highlighting NABARD's contributions and a special publication related to GoI's Campaign 3.0.
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Description
Explore the developments and achievements of NABARD's Central Library and the Strategic Planning and Product Innovation Department for the fiscal year 2023-24. This quiz covers resource collections, digital technology initiatives, and integration of core banking solutions tailored for rural financial institutions.