Question : Statement 1: The National Bank for Agriculture and Rural Development (NABARD) provides credit facilities to promote agriculture and rural development.
Statement 2: NABARD primarily focuses on urban infrastructure development projects.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, and statement 2 is false.
Option 4: Statement 1 is false, and statement 2 is true.
Correct Answer: Statement 1 is true, and statement 2 is false.
Solution : The correct answer is (c) Statement 1 is true, and statement 2 is false.
NABARD was established in 1982 with the primary objective of providing credit facilities for promoting agriculture and rural development. It does not focus on urban infrastructure development projects.
Statement 1 is true because NABARD provides a variety of credit facilities to farmers, agricultural laborers, rural artisans, and other rural stakeholders. These facilities are used to finance agricultural production, marketing, processing, storage, and rural infrastructure development.
Statement 2 is false because NABARD's primary focus is on agriculture and rural development. It does not have a mandate to finance urban infrastructure development projects.
The following are some of the credit facilities provided by NABARD:
Crop loans
Term loans
Working capital loans
Marketing loans
Rural infrastructure loans
Credit guarantee schemes
NABARD also provides financial assistance to state governments and other institutions for promoting agriculture and rural development.
Question : Statement 1: The National Bank for Agriculture and Rural Development (NABARD) provides credit facilities to farmers and rural artisans.
Statement 2: NABARD primarily focuses on the development of urban infrastructure projects.
Question : Statement 1: The National Bank for Agriculture and Rural Development (NABARD) was established in 1982.
Statement 2: NABARD provides financial support to agriculture and rural development projects.
Question : Statement 1: The Integrated Rural Development Program (IRDP) was launched to alleviate rural poverty in India.
Statement 2: The IRDP primarily focused on providing employment opportunities in the agricultural sector.
Question : Statement 1: Rural infrastructure development is essential for reducing regional disparities and promoting inclusive growth.
Statement 2: Access to basic amenities such as clean water, electricity, and sanitation facilities is crucial for rural development.
Question : Statement 1: Entrepreneurship development leads to job creation and reduced unemployment.
Statement 2: The Pradhan Mantri Rojgar Protsahan Yojana offers incentives to employers to promote job creation.
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