Bank of Maharashtra signs MoU with NABARD

Bank of Maharashtra has signed a Memorandum of Understanding (MoU) with National Bank for Agriculture & Rural Development (NABARD) to boost ongoing developmental initiatives linked to priority sector lending in Maharashtra. It is on a collaborative approach to enhance rural prosperity through the convergence of institutional lending & ongoing development initiative.

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The MoU envisages joint initiatives for the benefit of farmers, farmer producer organisations, joint liability groups, self-help groups, rural artisans, weavers, Agri-preneurs, Agri start-ups, micro, small and medium enterprises in the State.

Important takeaways for all competitive exams:

  • Maharashtra Headquarters: Pune;
  • Maharashtra CEO: A. S. Rajeev;
  • Maharashtra Founded: 16 September 1935;
  • Chairman of NABARD: G R Chintala;
  • NABARD Founded: 12 July 1982;
  • NABARD Headquarters: Mumbai.

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