FreeCurrencyRates.com

इंडियन आवाज़     25 May 2018 02:24:53      انڈین آواز
Ad

Govt approves initial corpus of Rs 5000 cr for MIF with NABARD

AMN /New Delhi

Cabinet Committee on Economic Affairs, CCEA has approved an initial corpus of 5000 crore rupees for Micro Irrigation Fund (MIF) with NABARD under Pradhan Mantri Krishi Sinchayee Yojana. The allocation of 2000 crore rupees will be utilised during 2018-19 and 3000 crore will be utilised during 2019-20.

NABARD will extend the loan to state governments during this period. Borrowings from NABARD shall be paid back in 7 years including the grace period of two years. The lending rate under MIF has been proposed at 3 percent lower than the cost of raising the fund by NABARD

Leave a Reply

Your email address will not be published. Required fields are marked *

Ad

MARQUEE

Mumbai twins score identical marks in Class XII

WEB DESK/ MUMBAI Mumbai twins Rohan and Rahul Chembakasserill not just look identical but have also scored an ...

Govt to improve connectivity to Gaya and Bodhgaya

Our Correspondent / Gaya Union Tourism Secretary Rashmi Verma on Wednesday informed that Centre was trying to ...

@Powered By: Logicsart