General Knowledge · Banking and Financial Institutions
What determines the interest rate on Rural Infrastructure Development Fund (RIDF) loans from NABARD?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is fixed at 10% for all loans regardless of market rates
- 2It is 1.5% below the Bank Rate decided by the Reserve Bank of India at the date of disbursement✓
- 3It depends on the borrowing state's Gross State Domestic Product (GSDP)
- 4It is 2% above the Bank Rate decided by the Reserve Bank of India
Correct answer
It is 1.5% below the Bank Rate decided by the Reserve Bank of India at the date of disbursement
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