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NABARD inks 3 MoUs with SBI to extend credit support

Posted bySumit Arora Published On October 9th, 2020 Leave a comment on NABARD inks 3 MoUs with SBI to extend credit support
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National Bank for Agriculture and Rural Development (NABARD) has inked three Memorandum of Understanding (MoU) with State Bank of India (SBI) to extend credit support for various NABARD projects.

The MoUs were inked by D. K. Mishra, Chief General Manager of NABARD in Gujarat and Dukhbandhu Rath, Chief General Manager, SBI Ahmedabad Circle in the presence of NABARD Chairman G. R. Chintala.

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About Memorandum of Understanding:

The MoUs were signed for financing joint liability groups, Self-Help Groups-support credit inflows to Farmer Producers’ Organizations and economic support for watershed development projects. These will help in providing credit support to the different sections of the society including the priority sector.

Important takeaways for all competitive exams: 

  • State Bank of India Chairman: Dinesh Kumar Khara.
  • State Bank of India Headquarters: Mumbai, Maharashtra.

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About the Author
Sumit Arora
Sumit Arora
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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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