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.
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.