NABARD approved loan to Punjab State Agricultural Development Bank PSADB worth at low interest rate ...........

Agriculture and Rural Development (Phase-I/II) Rural Development Programmes

NABARD approved loan to Punjab State Agricultural Development Bank (PSADB) worth ___ at low interest rate to strengthen and providing financial support to the Bank (January 2020)?

120 Crore

125 Crore

130 Crore

135 Crore

140 Crore

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Explanation:

The National bank of Agriculture and Rural Development (NABARD) has given approval for the loan worth of 140 Crore at lower interest rate to Punjab State Agricultural and Rural Development Bank (PSADB) to strengthen and supporting the PSADB financially. The decision to provide Rs 140 crore was taken during a meeting between Punjab Cooperation Minister Sukhjinder Singh Randhawa-led delegation with NABARD Chairman Harsh Kumar Banwala in Mumbai, Maharashtra.