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Centre gives nod to NABARD to raise funds for projects
Centre gives nod to NABARD to raise funds for projects
For Making Loan From NABARD Attractive For The States, It Was Decided That The Rate Of Interest May Be Kept At Around 6 Per Cent By Requisite Cost-free Funds To NABARD Every Year From 2016-17 To 2019-20, On Which The Interest Cost Would Be Borne By The Government Of India PTI | Updated on: 16 Aug 2017, 10:43:37 PM
New Delhi:
The Centre on Wednesday gave its nod to the National Bank for Agriculture and Rural Development(NABARD) to raise extra budgetary resources (EBR), up to Rs9,020 crore, through bonds during the current fiscal to fund ongoing irrigation projects under the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY).