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NABARD to Release Rs. 10,000 cr for Punjab
July 10, 2018
To contribute towards agriculture and rural development in Punjab in the financial year 2018-19, the National Bank for Agriculture and Rural Development (NABARD) plans to disburse as much as Rs. 10,000 crores to the state.
NABARD’s Chief General Manager J P S Bindra said that the bank had lent Rs. 8,000 crores to the state in FY18. He said that they have proposed to increase the short-term refinancing support as well through crop loans at lower rates which was Rs. 5,258 crores in FY18.
Photo credit: Sarath.kuchi on Visual hunt / CC BY-SA
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