Nabard disburses Rs. 12,767 cr to State Co-op Banks and RRBs

The National Bank for Agriculture and Rural Development (Nabard) announced that it has disbursed Rs. 12,767 crore to State Co-operative Banks (StCBs) and Regional Rural Banks (RRBs) across the country to augment their resources for extending credit to farmers during the ongoing lockdown.
There are 33 StCBs and 45 RRBs in the country, and they are important intermediaries in the rural credit structure.
On April 17, the RBI had announced a Rs. 50,000-crore refinance facility for three AIFIs – Nabard, the Small Industries Development Bank of India (SIDBI), and the National Housing Bank (NHB).