×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 20 May, 2020

  • 2 Min Read

NABARD

NABARD

The Parliament has recently passed the National Bank for Agriculture and Rural Development (Amendment) Bill, 2017. The Bill seeks to amend the NABARD Act, 1981 which establishes NABARD by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC).

  • The amendment bill seeks to increase the authorised capital of the Bank to 30,000 crore rupees from 5,000 crore rupees.
  • Currently the Central government is holding 99.60% share of the bank and the rest is with RBI (0.40%).
  • The capital can be increased further by the government in consultation with the RBI.
  • NABARD is responsible for providing and regulating facilities like credit for agricultural and industrial development in the rural areas.
  • It provides both direct finance (lending directly to customers) and refinance (lending to financial institutions to provide loans to customers)

Direct Finance

Refinance

  1. Loans for Food Parks and Food Processing Units in Designated Food Parks
  2. Loans to Warehouses, Cold Storage and Cold Chain Infrastructure
  3. Rural Infrastructure Development Fund
  4. Long Term Irrigation Fund
  5. Alternative Investment Fund
  1. State Cooperative Banks and Regional Rural Banks for providing short term agricultural loans

  1. Cooperative Banks - State, District, Primary Urban; RRB, Commercial Banks, Agriculture Development Finance Companies, NBFC for providing credit for investment activities in agriculture and allied activities.

Source: PIB


India–Azerbaijan

A year after tensions arising from Operation Sindoor, India and Azerbaijan have taken steps to restore and normalise bilateral relations. The 6th round of Foreign Office Consultations, held in Baku, marked the first such engagement since 2022, signaling renewed diplomatic momentum. Recent Diplomatic Engagement During the consultations, bo

India–Australia Economic Cooperation and Trade Agreem

The India–Australia Economic Cooperation and Trade Agreement has completed four years since its signing. Both countries now aim to build on this progress through strengthened collaboration and ambitious targets, including reaching AUD 100 billion in bilateral trade by 2030. What is the India–Australia Economic Cooperation and Tra

ADR Report on Political Funding

A recent report by the Association for Democratic Reforms (ADR) analyses donations of ?20,000 or more declared to the Election Commission of India (ECI) by national political parties for FY 2024–25, highlighting transparency and accountability in political financing. Key Findings Massive Funding Surge Total donations to nationa

Maritime Chokepoints

Maritime chokepoints are narrow channels along global shipping routes where maritime traffic is concentrated. These points are geopolitically and economically critical, as they handle a large proportion of global trade, especially energy shipments. Current Relevance Over two-thirds of seaborne energy trade passes through a handful o

US-Israel-Iran War

Following the launch of Operation Epic Fury (U.S.) and Operation Roaring Lion (Israel), the geopolitical landscape has shifted fundamentally with the confirmed death of Iran’s Supreme Leader, Ayatollah Ali Khamenei.Iran retaliated through Operation True Promise 4, launching missile attacks against Israel and nearby Gulf states. The escala

DNA

05 Apr,2026

Toppers

Search By Date

Newsletter Subscription
SMS Alerts

Important Links

UPSC GS Mains Crash Course - RAW