Nabard refinances close to Rs 13,000 crore to state co-op banks and RRBs to assist farmers deal on-going lockdown
Agri and rural lender Nabard has disbursed Rs 12,767 crore this week to State Cooperative Banks (StCBs) and Regional Rural Banks (RRBs) across the country to augment their resources during the ongoing lockdown conditions for extending credit to farmers.
Nabard has extended this support to RRBs and state co-operative bank in form of refinance. It has extended this facility in 15 states so far including Andhra Pradesh, Bihar, Chhattisgarh, Haryana, Karnataka, Kerala, Madhya Pradesh, Odisha, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal.
Nabard has extended an aggregate of Rs 30,021 crore to the rural banks since the second half of March 2020 when the lockdown came into force in different states as a measure to contain the spread of COVID-19 pandemic.