National Bank for Agriculture and Rural Development (NABARD) has extended a Special Liquidity Facility (SLF) of Rs 270 crore to Assam Gramin Vikash Bank. The Special Liquidity Facility of Rs 270 crore has been provided to support the agricultural activities of the farmers amid COVID-19 pandemic. This line of credit would enable the farmers in enhancing their crop production and hence this amount would prove to be a boon to the agriculture credit of the state at this difficult hour.
Amid the COVID-19 pandemic, NABARD is facilitating a liquidity support of Rs 25,000 crore nationwide to Cooperative Banks, Regional Rural Banks and Micro Finance Institutions (MFIs) during 2020-21 in order to ensure continued flow of credit to farmers and hence enable them in carrying out their agricultural operations smoothly even during COVID-19 pandemic period.
Important takeaways for all competitive exams:
- Chairman of National Bank For Agriculture And Rural Development: G R Chintala.