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Which bank has signed a MoU with NABARD and Jammu & Kashmir Gramin Bank for Joint Liability Groups financing?
A)
SIDBI
B)
State Bank of India
C)
Indian Bank
D)
Bank of Baroda

Correct Answer :   State Bank of India


NABARD, State Bank of India (SBI) and Jammu & Kashmir Gramin Bank (JKGB) has signed a MoU for Joint Liability Groups financing. Main objective of the signing of MoU is to enhance the flow of credit to tenant farmers/oral lessees/sharecroppers, SF/MF etc, who at times may not have proper title to their land holding.
The JLG formation will meet the credit requirements of people suffering reverse migration in the wake of COVID-19 pandemic. The issue of formation of JLGs is also being discussed in every meeting of UTLBC. The formation and credit linkage of 1000 JLGs will benefit almost 5000 households in J&K.

Published On : August 13, 2021
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