FreeCurrencyRates.com

इंडियन आवाज़     21 Sep 2018 04:10:25      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Your email address will not be published.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
Ad
Ad

MARQUEE

Policy for Eco-tourism will provide livelihood to local communities

AMN / NEW DELHI GOVERNMENT OF INDIA has prepared a policy for Eco-tourism in forest and wildlife areas, which ...

Living index: Pune best city to live in, Delhi ranks at 65

The survey was conducted on 111 cities in the country. Chennai has been ranked 14 and while New Delhi stands a ...

Ad

@Powered By: Logicsart