w LatentStyles DefLockedState false DefUnhideWhenUsed true DefSemiHidden true DefQFormat false DefP...........

Economic Affairs Agricultural Finance

Which of the following pairs are correctly matched?

1. Rural credit : NABARD

2. Small Industrial finance : SIDBI

3. Rural poverty : MGNREGA

Select the correct answer from the codes given below:

1, 2 and 3

1 and 2 only

2 and 3 only

3 only

All pair are correctly matched.

NABARD is a Development Bank with a mandate for providing and regulating credit for the development of agriculture, small-scale industries, cottage and village industries, handicrafts and other allied economic activities in rural areas to promote prosperity of rural areas.
Small Industries Development Bank of India is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India. SIDBI is mandated to serve as the Principal Financial Institution for executing the triple agenda of promotion, financing and development of the MSME sector and coordination of the functions of the various Institutions engaged in similar activities.
Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) 2005 provided a framework for the world’s biggest employment guarantee scheme with recognition of a legalised right to work for 100 days, based on the demand of any rural adult failing which an unemployment allowance is to be provided. This ensures employment to the rural youth and thus helps in poverty eradication through adequate economic activity in rural India.

Hence option 1st is correct.