Average monthly income of rural households marks 57.6% spike: NABARD
According to NABARD’s latest All India Rural Financial Inclusion Survey (NAFIS), the annual average nominal GDP growth during the same period was 9%.
According to NABARD’s latest All India Rural Financial Inclusion Survey (NAFIS), the annual average nominal GDP growth during the same period was 9%.
Jammu and Kashmir Chief Secretary Atal Dulloo on Friday stressed on ensuring timely completion of road projects in the Union territory by closely monitoring their pace on ground.
The RBI said that the regulation would be effective from April 24, 2024. ARCs, as on October 11, 2022, have been provided a glide path to achieve the minimum required Net Owned Fund (NOF) of Rs 300 crore.
Notably, the total credit flow under the priority sector for the year 2024-25 is estimated at Rs 2,43,093 crore.
This was informed by Usha Ramesh, chief general manager of NABARD, West Bengal regional office, Kolkata during the State Credit Seminar organized by NABARD on Saturday.
The liquidity facility to both the NABARD and the NHB will be offered at the policy repo rate.
The credit support under special liquidity facility (SLF) will be extended to state cooperative banks, regional rural banks and micro-finance institutions (MFIs).
IIT Mandi will get Rs 35 lakh under the MoU with NABARD for collaboration on setting up Farmer Producer Organisations (FPOs) in Mandi district of Himachal Pradesh.
The only way to inoculate the nation’s fiscal and macroeconomic stability against the virus of political expediency is to build an architecture of fiscal rules backed by setting up a truly independent Fiscal Council. We may draw the lessons from more than 90 countries across the globe, developed and developing both, which have instituted such architecture and are deriving the benefits thereof.
Again, the number of SHGs have also doubled from 4.72 lakhs in 2010-11 in the last eight years.
