Question: Consider the following facts regarding Rural Infrastructure Development Fund (RIDF):
i) Government of India created the RIDF in NABARD in 1995-96, with an initial corpus of Rs.2,000 crore.
ii) NABARD has recently announced that it has provided Rs 1,236 crores to Assam in 2020-21 from its Rural Infrastructure Development Fund (RIDF).
Which of the above are correct:-
a) i
b)ii
c) i and ii both
d) none
Ans: c
Facts
- National Bank for Agriculture and Rural Development (NABARD) has allocated an all time high amount of Rs 1,236 crores to Assam in 2020-21 from its Infrastructure Development Fund (RIDF).
- This fund has been allocated with Rural Connectivity as prime focus area for investment.
About Rural Infrastructure Development Fund (RIDF)
- In 1995-96, the Government of India set up RIDF for financing ongoing rural infrastructure projects. The funds released under RIDF are maintained by the National Bank for Agriculture and Rural Development (NABARD).
- The main objective of the fund is to provide loans to State Governments, State-owned corporations, State Govt. Sponsored / Supported Organisations, Panchayat Raj Institutions/Self Help Groups (SHGs)/ NGOs to enable them to complete ongoing rural infrastructure projects.
By kameshwar shukla
Reference: https://www.nabard.org/content1.aspx?id=573&catid=8&mid=488
https://economictimes.indiatimes.com/news/india/nabard-provided-rs-1236-crore-from-its-rural-infrastructure-development-fund-for-assam-in-fy21/articleshow/82635622.cms