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₹55,000 cr for Rural Development Schemes to be Raised by Nabard from Market
July 15, 2019
This Friday, National Bank for Agriculture and Rural Development (NABARD) said that it looks to raise around ₹55,000 crores from the market in the current financial year to expand the business and to push a slew of rural and agricultural schemes of the government.
NABARD chairman Harsh Kumar Bhanwala said that borrowing from the market will be akin to last year. It’s worth noting that the bank has already raised ₹12,000 crores so far in the first quarter of the current financial year.
Photo credit: Sarath.kuchi on Visual hunt / CC BY-SA
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