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What is the corpus offered by the Reserve Bank of India (RBI) to NABARD and NHB, to boost rural lending and affordable housing?
A)
Rs 30000 crore
B)
Rs 20000 crore
C)
Rs 10000 crore
D)
Rs 5000 crore

Correct Answer :   Rs 10000 crore


The Reserve Bank of India (RBI) has offered a credit facility of Rs 10000 crore to the National Bank for Agriculture and Rural Development (NABARD) and the National Housing Bank (NHB).
The fund of Rs 5,000 crore each is provided at policy lending rate to the banks, its will be deployed to boost rural lending and affordable housing across the country. Under this facility, small NBFCs and micro-lenders will extend small loans to the poor. Earlier, NABARD got a refinance support of Rs 35,000 crore and NHB got Rs 10,000 crore.

Published On : July 18, 2021
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