Which of the following statements is NOT correct regarding the Rural Infrastructure Development Fund (RIDF)?

Question

Economics · Indian Economy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

The RIDF scheme has now been merged with the Kisan Credit Card (KCC) scheme.

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Answer 1

The RIDF scheme has now been merged with the Kisan Credit Card (KCC) scheme.

Answer 2

RIDF was created in 1995-96 in NABARD with an initial corpus of Rs. 2,000 Crore.

Answer 3

Scheduled commercial banks contribute funds to the RIDF.

Answer 4

It provides funds to state governments and state-owned corporations for rural infrastructure projects.

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