Multiple choice

What is the rate of interest charged by NABARD on refinance provided to commercial banks in respect of loans for establishing Agriculture Business Centre or Agriculture Clinic?

  1. 5.50%

  2. 5.75%

  3. 6%

  4. 6.25%

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The interest rate for refinance on Agri-Business Centres and Clinics is set by NABARD policy, which was historically 5.50%.