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NABARD to refinance Rs. 800-cr. loans
Why is it in news?
- The National Bank for Agriculture and Rural Development (NABARD) has announced a special refinance facility of Rs. 800 crore for FY21.
Details:
- The bank credit will also be extended to NBFCs-MFIs and other MFIs (Societies, Trusts)
- The facility has been announced to support the Government of India’s Water, Sanitisation and Hygiene (WASH) programme.
- NABARD will provide concessional refinance to all eligible financial institutions including commercial banks, regional rural banks and cooperative banks with a repayment period of up to 36 months.