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:
Indian Railways has integrated Artificial Intelligence (AI) into seven key passenger-facing applications to improve grievance…
Harsharan Kaur Trehan has been appointed as Director (Commercial) of Punjab State Power Corporation Limited…
Norway has rewritten Winter Olympics history. At the Milan Cortina Winter Olympics 2026, Norway secured…
Did you know that green chillies are one of the most widely used spices in…
Microsoft has appointed Asha Sharma as the new CEO of Microsoft Gaming and head of…
Government of India has revised the base year of India’s merchandise trade indices from 2012-13…