The National Bank for Agriculture and Rural Development (NABARD) has announced the creation of an Rs. 1,000 crore Credit Guarantee Fund Trust for FPOs (CGFTFPO), a dedicated fund for providing credit guarantees to FPOs. The fund has been launched under the trusteeship of NABSanrakshan Trustee Pvt Ltd, a wholly-owned subsidiary of NABARD.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
For this, NABSanrakshan has signed a trust deed with the Ministry of Agriculture and Farmers Welfare. The Trust has been registered at Mumbai. The credit guarantee offered through the trust will enhance the creditworthiness of FPOs besides facilitating cost-effective production and productivity leading to higher net incomes to the farmers who are members of FPOs.
Important takeaways for all competitive exams:
Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…
India’s economic future is increasingly tied to industries that are still evolving but promise massive…
In an unprecedented and emotionally charged development, Maharashtra witnessed a historic political moment as Sunetra…
A research team reported that they had completely eliminated the most aggressive form of pancreatic…
Rivers have always been an important part of human life, providing water, food, and transportation.…
Elena Rybakina won the Australian Open 2026 women’s singles title after defeating World No. 1…