Government considers enhancing NABARD capital base to Rs 20,000 crore

The government is cogitating to expand the capital base of India’s apex farm development bank National Bank for Agriculture and Rural Development (NABARD) to Rs 20,000 crore from existing Rs 5,000 crore.

The increase in authorised capital will augment the operations and broaden the activities of NABARD. Following these changes NABARD would be able to undertake short term lending operations and introduce new credit products.

Month: Current Affairs - February, 2013