Current Affairs · Banking and Economy
The National Bank for Agriculture and Rural Development (NABARD) operates several funds to support rural infrastructure. The Rural Infrastructure Development Fund (RIDF) is a significant component of its operations. Which of the following statements accurately describes the source of capital for RIDF and its application as of the 2024-2025 fiscal year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1RIDF consists of gold deposits from rural households which are used to collateralize international loans for rural roads.
- 2RIDF is a venture capital fund where private investors buy shares to earn a minimum 15 percent return from organic farming exports.
- 3RIDF is funded by the shortfall in Priority Sector Lending (PSL) targets by commercial banks and is used for providing loans to State Governments for rural projects.✓
- 4RIDF is funded by direct budgetary allocations from the Ministry of Agriculture and is used only for private poultry farming projects.
Correct answer
RIDF is funded by the shortfall in Priority Sector Lending (PSL) targets by commercial banks and is used for providing loans to State Governments for rural projects.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking and Economy MCQs →Want more practice questions on Banking and Economy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Banking and Economy