Nabard balance sheet grows 24% to Rs 6.57 lakh crore in FY21
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Last Updated: Apr 06, 2021, 04:14 PM IST
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Synopsis
The growth in business was helped by various schemes announced by the government, rejigging of processes and products done by the institution and also as it encouraged clients, institutions and state governments to avail the benefits of the schemes as much as possible for faster developments, Nabard Chairman said.
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The loans and advances of the development bank has grown from Rs 4.81 lakh crore to Rs 6.03 lakh crore
National Bank for Agriculture and Rural Development (Nabard) on Tuesday reported a 24 per cent growth in its balance sheet to a record high of Rs 6.57 lakh crore in the financial year ended on March 31, 2021.
Nabard balance sheet grows 24% to ₹6 57 lakh crore in FY21 thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Read more about Nabard disburses Rs 16,500 cr under RIDF in first 10 months of FY21 on Business Standard. Nabard said it has sanctioned Rs 30,200 crore in the same time
Nabard disburses Rs 16,500 crore under RIDF in first 10 months of FY21
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Last Updated: Feb 06, 2021, 04:13 PM IST
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Synopsis In FY21, the sanctions to the RIDF stood at Rs 30,200 crore as against the corpus of Rs 30,000 crore. The disbursement for the current financial year as on January 31, 2021 stands at Rs 16,500 crore, Nabard chairman G R Chintala said in a statement.
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Chintala noted that the increased allocations to both the funds will help push rural infrastructure projects across states.
Mumbai: The National Bank for Agriculture and Rural Development (Nabard) on Saturday said it has sanctioned Rs 30,200 crore and disbursed Rs 16,500 crore for various rural infrastructure projects across the country under the Rural Infrastructure Development Fund (RIDF) in the first 10 months of the current financial year. The RIDF, which was set up in 1995, is a dedicated fund to create social assets in rural India.