General Knowledge · Banking and Finance
Which of the following statements about the Rural Infrastructure Development Fund (RIDF) is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is primarily used for financing industrial infrastructure in urban metropolitan areas.
- 2It is funded by Regional Rural Banks entirely from their own profits.
- 3It is designed to finance rural infrastructure such as irrigation, rural roads, bridges, health centers, and schools.✓
- 4It was established in 2005 under the NITI Aayog.
Correct answer
It is designed to finance rural infrastructure such as irrigation, rural roads, bridges, health centers, and schools.
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