Which scheme is eligible for refinancing from NABARD?

A. Composite Loan Scheme (CLS) Under this scheme, refinance is given to meet the block and /or working capital requirements of small/micro enterprises. Maximum refinance available is Rs. 10 lacs per unit.

Which bank gets refinance from NABARD at concessional rate?

Refinance is provided for production purposes at concessional rate of interest to State Co-operative Banks (StCBs) and Regional Rural Banks (RRBs) by way of sanction of credit limits. Each withdrawal against the sanctioned credit limit is repayable within 12 months.

What is the rate of interest on refinance fixed by NABARD Mcq?

NABARD, MCID, HO Cir. No. 318 / MCID – 07 / 2019 dated 12 December 2019). The rate of interest on refinance under the scheme will be 4.50\% p.a. subject to the condition that the RRBs will lend to all women SHGs up to ₹3.00 lakh per SHG at an interest rate of 7.00\% p.a. in identified 250 districts.

Does NABARD give direct loans?

No direct lending role for Nabard: Government – The Economic Times.

Does RBI regulate NABARD?

Reserve Bank of India is the central bank of the country with sole right to regulate the banking industry and supervise the various institutions/banks that also include NABARD defined under Banking Regulation Act of 1949. Many developmental and regulatory works are done by RBI and NABARD in co-operation.

What is purpose of NABARD?

NABARD, as a Development Bank, is mandated for providing and regulating credit and other facilities for the promotion and development of agriculture, small scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting …

Which bank provides agricultural refinance India?

National Bank for Agriculture and Rural Development
Notes: NABARD (National Bank for Agriculture and Rural Development) is the Apex bank for providing Agricultural Refinance in India. It was established in the year 1982.

How can I claim NABARD subsidy?

From 23rd October 2019, subsidy claims will be accepted by NABARD only through the online route. In case any Bank faces genuine difficulty in submitting the claim through the portal, it may bring the same to the notice of NABARD as well as DMI and find out a solution quickly.

What is NABARD subsidy?

NABARD is the channelizing agency for release of subsidy @ 25\% to 33.33\% of the capital cost for institutions eligible for refinance by NABARD or any other FI such as State Financial Corporations (SFCs) approved by DAC&FW. The scheme is now extended for the term loans sanctioned up to 31.03.

Who is the largest shareholder of National Housing Bank?

NHB is wholly owned by Govt. of India as after 24 April 2019 notification of RBI, which contributed the entire paid-up capital.

Is NABARD central Government job?

NABARD is wholly owned by Government of India.