Multiple choice general knowledge history

Which of the following plays a very important role in farming guidelines/policies pertaining to provide credit facility to agriculculture and rural sectors?

  1. (A) SIDBI

  2. (B) NABARD

  3. (C) ICICI Bank

  4. (D) ECGE
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

NABARD (National Bank for Agriculture and Rural Development) is the apex institution that plays a crucial role in framing guidelines and policies for providing credit facilities to agriculture and rural sectors. It oversees refinancing for agriculture, rural industries, and cottage industries. SIDBI focuses on small industries, ICICI is a commercial bank, and ECGC provides export credit guarantees.

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