Economics · Economy
Consider the following statements regarding rural infrastructure and banking infrastructure in India: I. The Rural Infrastructure Development Fund (RIDF) was established in NABARD in 1995-96 to provide loans to State Governments and State-owned corporations for completing ongoing rural infrastructure projects. II. The corpus of the RIDF is generated through the shortfall in priority sector lending by domestic commercial banks, and this fund is used to finance projects such as rural roads, bridges, and irrigation. III. Shortfalls in priority sector lending targets by domestic commercial banks are typically allocated to funds like RIDF managed by NABARD, or other specified funds, depending on RBI guidelines. IV. NABARD is responsible for the supervision of Regional Rural Banks (RRBs) and State Cooperative Banks (StCBs) under the provisions of the Banking Regulation Act, 1949. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statements I, II, and IV only✓
- 2Statements II and III only
- 3Statements I and III only
- 4All of the above statements are correct
Correct answer
Statements I, II, and IV only
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