NABARD Annual Report Overview 2023
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Questions and Answers

What was the global growth rate in 2023?

  • 4.0%
  • 3.0%
  • 3.5%
  • 3.3% (correct)

    • What percentage did foreign direct investment to developing economies decline by in 2023?

  • 5%
  • 11%
  • 9% (correct)
  • 7%

    • Which sector experienced the highest growth in FY2024?

  • Construction (correct)
  • Retail
  • Services
  • Agriculture

    • By how many basis points was the policy repo rate cumulatively increased between May 2022 and February 2023?

    <p>250 basis points</p> Signup and view all the answers

    What was the average consumer price index (CPI) inflation for FY2023?

    <p>6.7%</p> Signup and view all the answers

    What was the growth percentage in goods and services trade in 2023?

    <p>0.8%</p> Signup and view all the answers

    In FY2024, what was the growth rate of investment as measured by gross fixed capital formation?

    <p>9%</p> Signup and view all the answers

    What measures were taken to lower inflation during FY2024?

    <p>Targeted supply-side measures</p> Signup and view all the answers

    Which of the following contributed to the rise in global food and energy prices in FY2023?

    <p>Supply disruptions due to the Russia-Ukraine War</p> Signup and view all the answers

    How many restrictions on trade were imposed by countries in 2023?

    <p>3,000</p> Signup and view all the answers

    What is the theme chapter of this year's annual report focused on?

    <p>Cooperatives: Tackling Challenges, Building Opportunities</p> Signup and view all the answers

    Which section of the annual report deals with NABARD's developmental and business activities?

    <p>Section II</p> Signup and view all the answers

    How many farmer producers' organisations has NABARD promoted?

    <p>7,355</p> Signup and view all the answers

    What is the cumulative sanction of NABARD's rural infrastructure financing reached?

    <p>₹8.2 lakh crore</p> Signup and view all the answers

    What significant impact has NABARD's Rural Infrastructure Development Fund had?

    <p>Creating irrigation potential for 422.2 lakh ha</p> Signup and view all the answers

    What percentage of farmer members in the promoted organisations are small and marginal farmers?

    <p>82%</p> Signup and view all the answers

    What does Part-B of the annual report primarily comprise of?

    <p>Corporate Governance and Annual Accounts</p> Signup and view all the answers

    How many primary agricultural credit societies were inaugurated at Bharat Mandapam, New Delhi?

    <p>18,000</p> Signup and view all the answers

    What trend has been observed in the consumption pattern of Indian households from August 2022 to July 2023?

    <p>A decline in the share of cereals and sugar</p> Signup and view all the answers

    Which factor is directly linked to the decline in the share of food in household consumption?

    <p>Water stress conditions reported in India</p> Signup and view all the answers

    How much did the agricultural credit flow grow during FY2024?

    <p>13.6%</p> Signup and view all the answers

    What role has the Kisan Credit Card (KCC) scheme played in agricultural financing?

    <p>It has provided timely credit to farmers</p> Signup and view all the answers

    Which of the following statements regarding agricultural exports is true?

    <p>The share of rice and sugar in exports accounts for over one third</p> Signup and view all the answers

    What is one of the major recommendations proposed to enhance the resilience of Indian agriculture?

    <p>Promote water-conserving agricultural practices</p> Signup and view all the answers

    What percentage growth did agricultural GVA experience in the same period as the 13.6% credit growth?

    <p>5.4%</p> Signup and view all the answers

    How many operative Kisan Credit Card accounts were there as of June 30, 2023?

    <p>7.4 crore</p> Signup and view all the answers

    What is one observed change in the expenditure pattern related to cereals?

    <p>Higher consumption of non-cereal items</p> Signup and view all the answers

    What is the primary goal of the National Cooperation Policy document being drafted by the committee?

    <p>To provide a framework for achieving 'Sahakar se Samriddhi'</p> Signup and view all the answers

    Which organization is NOT mentioned as part of the memorandum of understanding for providing e-services through PACS?

    <p>Ministry of Health</p> Signup and view all the answers

    What principle does 'Cooperation amongst Cooperatives' represent within the cooperative movement?

    <p>Collaboration to enhance synergies among cooperatives</p> Signup and view all the answers

    What outcome is expected from the PACS providing common service centre (CSC) services to rural citizens?

    <p>Increased income for PACS</p> Signup and view all the answers

    What kind of inspections does NABARD conduct on supervised entities?

    <p>Regular evaluations of regional rural banks and cooperative banks</p> Signup and view all the answers

    What is the primary objective of the Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY)?

    <p>To deliver skills training to rural youth from families below the poverty line.</p> Signup and view all the answers

    How many rural youth were trained under the DDU-GKY by March 31, 2024?

    <p>15.8 lakh</p> Signup and view all the answers

    What was the original target for the PM Ujjwala Yojana 2.0 regarding domestic gas connections?

    <p>8 crore</p> Signup and view all the answers

    What initiative is involved in the holistic management of local water resources?

    <p>Jal Jeevan Mission</p> Signup and view all the answers

    As of December 2023, how many sites had been completed under the Mission Amrit Sarovar initiative?

    <p>68,187</p> Signup and view all the answers

    What is the target number of PM Ujjwala Yojana connections to be released between FY2024 and FY2026?

    <p>75 lakh</p> Signup and view all the answers

    Which of the following initiatives aims to develop/rejuvenate ponds across districts?

    <p>Mission Amrit Sarovar</p> Signup and view all the answers

    What percentage of PM Ujjwala Yojana beneficiaries had taken at least one refill during FY2023?

    <p>85%</p> Signup and view all the answers

    What age range does the DDU-GKY specifically target for training?

    <p>15-35 years</p> Signup and view all the answers

    Which initiative is specifically aimed at improving road infrastructure in rural areas?

    <p>PM Gram Sadak Yojana</p> Signup and view all the answers

    Study Notes

    NABARD Financial Overview

    • NABARD's balance sheet has exceeded ₹9 lakh crore, reflecting a growth of 13.6% from FY 2023.
    • Rural infrastructure financing has reached ₹8.2 lakh crore, with ₹61,000 crore sanctioned during FY2024.

    Annual Report Structure

    • Annual report emphasizes "Cooperatives: Tackling Challenges, Building Opportunities."
    • Organized into three sections:
      • Section I: Economic and agricultural scenarios, cooperative themes.
      • Section II: Developmental activities and stakeholder engagement.
      • Section III: Organizational setup and financials, including corporate governance.

    Cooperative Sector Initiatives

    • Digitisation of 63,000 Primary Agricultural Credit Societies (PACS) planned over 5 years.
    • 18,000 digitised PACS inaugurated on 24 February 2024.

    Rural Infrastructure Development Fund

    • Significant impact on rural areas, creating irrigation potential for 422.2 lakh hectares.
    • Established 5.6 lakh km of rural roads and 14.1 lakh meters of rural bridges.
    • Generated 3,096 crore person-days of employment.

    Support for Farmers

    • Promoted 7,355 farmer producers' organizations with 25 lakh members, primarily small and marginal farmers.
    • Credit flow to agriculture exceeded annual targets, growing 13.6% in FY2024 against a 5.4% increase in agricultural GVA.
    • Over 7.4 crore Kisan Credit Card accounts with ₹8.9 lakh crore outstanding credit as of June 2023.

    Global Economic Context

    • Global growth decelerated to 3.3% in 2023, slightly lower than 3.5% in 2022.
    • Merchandise trade contracted by 1.2% in 2023, with a minimal overall goods and services growth of 0.8%.
    • Foreign direct investment in developing economies decreased by 9% in 2023.

    Agricultural Exports and Skill Development

    • Agricultural exports maintained around $50 billion since FY2022.
    • Under DDU-GKY, 15.8 lakh rural youth trained, 9.6 lakh placed in jobs.

    Water Resource Management

    • Jal Jeevan Mission focuses on tap connections for households and local water resource management.
    • Mission Amrit Sarovar aims to rejuvenate 75 ponds in each district; over 1.1 lakh sites identified and work completed in 68,187 sites.

    PMUY and PMGSY Initiatives

    • PM Ujjwala Yojana targeted domestic gas connections; achieved 9.6 crore beneficiaries as of July 2023.
    • PM Gram Sadak Yojana has transformed rural infrastructure significantly.

    Cooperative Policy Development

    • New National Cooperation Policy being drafted for cooperative economic development.
    • PACS to serve as common service centers providing essential e-services for rural citizens.

    Supervision and Support Measures

    • NABARD regularly inspects regional rural banks and cooperatives for financial oversight.
    • Pilot project initiated to promote cooperation among cooperatives to enhance financial synergies.

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    Related Documents

    Notes from ANnual Report.docx

    Description

    This quiz covers the key highlights from NABARD's financial overview and annual report structure for FY 2024. It focuses on rural infrastructure financing, cooperative sector initiatives, and the impacts of the Rural Infrastructure Development Fund. Test your knowledge on these crucial topics affecting rural development in India.

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