Questions and Answers
What was the primary purpose of establishing NABARD according to the NABARD Act of 1981?
To provide and regulate credit and facilities for promoting agriculture and rural development.
Identify the locations of NABARD’s Training Establishments.
Lucknow, Kolkata, and Mangaluru.
How many Regional Offices does NABARD have across India?
31 Regional Offices.
What types of enterprises does NABARD aim to promote?
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What role do District Development Managers (DDMs) play in NABARD’s structure?
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What are the three broad categories of NABARD's departments?
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Where is NABARD's Head Office located?
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What is the overarching goal of NABARD's initiatives?
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What was the overall growth rate in ST refinance disbursements from 2022-23 to 2023-24?
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Which category recorded the highest growth rate in disbursements in 2023-24?
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What was the disbursement amount for ST (Others) in 2023-24?
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What factors contributed to the low growth in ST-SAO disbursements?
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How much did ST (SAO) disburse in 2022-23?
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What was the total ST refinance disbursement in 2021-22?
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By what percentage did ST (Others) grow from 2022-23 to 2023-24?
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What is the function of the credit limit provided under ST (Others)?
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How did the disbursement for SFB change between 2020-21 and 2021-22?
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What was the total growth in ST refinance from 2019-20 to 2023-24?
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What is the total cumulative subsidy released under the Rural Godown Scheme and Agri Marketing Infrastructure Scheme as of March 31, 2024?
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How much scientific storage capacity was created under the New AMI scheme, and what was the associated subsidy released?
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What was the effective interest rate for farmers who make prompt repayments under the crop loan interest subvention scheme?
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As of March 31, 2024, how many units were assisted under the Agri Clinics and Agri Business Centre Scheme, and what was the released subsidy?
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What percentage of interest subvention is provided to banks for crop loans up to ₹3 lakh under the NABARD scheme?
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What is the primary focus of the scheme regarding Gramin Haats?
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What percentage of capital cost subsidy is provided for eligible institutions under the scheme?
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How much total subsidy has been settled under the scheme as of FY24?
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What was the main objective of the Central Sector Scheme of Agri-Clinics and Agri-Business Centres launched in 2002?
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What type of subsidy was revised to a composite subsidy in the ACABC scheme in 2010?
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What is the composite subsidy percentage provided for women and SC/ST beneficiaries under the ACABC scheme?
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How much total subsidy has been settled under the ACABC scheme during FY24?
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What is the capital subsidy percentage for beneficiaries from North East and Hill states under the ACABC scheme?
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What is the significance of the claims settled totaling ₹915.42 crore in FY24 under the scheme?
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During which fiscal year did the ACABC scheme claims amount to ₹11.42 crore?
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What is the effective interest rate for PACS under the AIF interest subvention facility?
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Which organization is responsible for managing the Sugar Ethanol Interest Subvention Scheme?
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As of 31 March 2024, how much total interest subvention has been provided to sugar mills?
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What was inaugurated on 24 February 2024 under the World’s Largest Grain Storage Plan?
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When was the Kisan Rin Portal launched for online submission of KCC-MISS claims?
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How much interest subvention was released to banks via the CNA account as of 31 March 2024?
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What is the purpose of the Sugar Ethanol Interest Subvention scheme introduced in 2018-19?
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How many Cooperative Banks were active in data entry on the Kisan Rin Portal by 31 March 2024?
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How many quarterly claims had been settled under the Sugar Ethanol scheme by the fiscal year 2023-24?
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What infrastructure initiative did the Hon’ble PM lay foundation stones for under the same storage plan?
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Study Notes
NABARD Overview
- Established under the NABARD Act of 1981 to enhance agriculture and rural development.
- Focuses on credit, training, and various financial services for rural sectors, including micro, small, and medium enterprises.
- Headquarters located in Mumbai with 31 Regional Offices and 479 District Development Managers (DDMs).
Objectives and Initiatives
- Aims for empowered, financially inclusive rural communities through dedicated departments in finance, development, and supervision.
- Engages in rural economic activities impacting agriculture, rural crafts, and allied sectors.
Short-Term Refinance Performance (2019-2024)
- Total ST refinance in 2023-24 reached ₹1,83,153 crore, achieving a 15% growth from ₹1,58,905 crore in 2022-23.
- Significant increases noted in Additional ST (SAO) by 21% and ST (Others) by 30% in 2023-24 compared to previous year.
Short Term Credit & Specific Programs
- ST (Others) covers cash credits for a range of non-agricultural activities and offered ₹37,933.8 crore in 2023-24.
- Interest subvention of 3% for eligible purposes under the Agriculture Infrastructure Fund (AIF).
Godown Initiative
- Eleven godowns inaugurated as part of the World’s Largest Grain Storage Plan.
- 500 additional godowns laid for foundation under government scheme.
Sugar Ethanol Interest Subvention Scheme
- Managed by NABARD since 2018-19 to promote ethanol production for the Ethanol Blended Petrol (EBP) initiative.
- ₹570.90 crore released to 65 banks through a dedicated account, with cumulative support of ₹930.90 crore to sugar mills.
Kisan Rin Portal
- Launched for online submission of KCC-MISS claims by banks, active since December 2022.
- 297 Cooperative Banks and 43 RRBs engaged in data entry as of March 2024.
Agri Clinics and Agri Business Centres (ACABC)
- Scheme started in April 2002 to promote agri-business by qualified professionals.
- 44% subsidy for women, SC/ST, and candidates from specific regions, 36% for all other beneficiaries.
- As of 2023-24, a total subsidy of ₹146.89 crore released under the scheme.
Cumulative Performance Statistics
- 608.53 lakh MT storage capacity created under Rural Godown and Agri Marketing schemes with ₹4,466.91 crore in subsidies.
- 203.83 lakh MT capacity under the New AMI scheme with ₹1,384.48 crore in subsidies.
Interest Subvention for Crop Loans
- NABARD implements interest subvention of 1.5% on crop loans up to ₹3 lakh, offering effective interest of 4% for prompt repayment.
- Continued support approved for the Modified Interest Subvention Scheme for Short Term Loans in 2023-24.
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Description
Explore the performance of NABARD for the financial year 2023-24. This quiz covers the bank's role in supporting agriculture, rural development, and small enterprises. Test your knowledge about NABARD's contributions and initiatives since its establishment in 1981.