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:
The Reserve Bank of India (RBI) has announced that the operations of Paytm Payments Bank…
India achieved a major milestone in regional connectivity and cross-border trade as its first-ever direct…
The Government of India has allocated a record ₹95,692 crore for rural employment under the…
India has achieved a significant milestone in the maritime sector by becoming the world's second-largest…
The Delhi Government has approved the Delhi Lakshmi Yojana, a flagship welfare scheme aimed at…
The Bihar Shatabdi Unorganized Sector Worker and Artisan Social Security Scheme is a program started…