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NABARD-SBI Assam MoU: ₹500 Crore Rural Credit Plan

3 April 20251 min read
BANKING & FINANCENABARD-SBIAssam MoU: ₹500Crore Rural CreditPlan3 April 2025safalsetu.com

Why in the news

NABARD and SBI signed an MoU to boost rural credit and livelihoods in Assam.

Key facts

  • Year-one financing: ₹500 crore (FY 2025-26).
  • Later years: ₹1,000 crore annually.

Focus areas

  • Agriculture and rural development: finance for farmers, artisans and MSMEs.
  • Public infrastructure: easier credit and more rural activity.
  • Capacity building: training communities for sustainable enterprises and repayment.

Officials’ views

Loken Das (CGM, NABARD) stressed skills and credit ecosystem; S Radhakrishnan (CGM, SBI Guwahati Circle) wanted clear objectives, regular reviews and similar efforts by other banks.

Exam angle

  • State: Assam; partners: NABARD and SBI.

Test yourself

1. Which state is the focus of the NABARD-SBI partnership for sustainable rural development announced in April 2025?

The NABARD-SBI partnership targets rural development in Assam.

2. What is the annual financing target of the NABARD-SBI Assam partnership from the second year onward?

₹500 crore in FY 2025-26, then ₹1,000 crore annually.

3. Which of these is a stated focus area of the NABARD-SBI partnership in Assam?

Capacity building, with agriculture and public infrastructure, is a stated focus.

This topic is part of Daily Current Affairs 3 April 2025 (23 topics).

All topics of the dayDay quizApril 2025

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