Friday, 18 April 2014

Rural Infrastructure Development Fund (RIDF)

  • Set up by Govt of India in 1995-96 for financing ongoing rural infrastructure projects.
  • Fund maintained by NABARD.
  • Domestic commercial banks contribute to the Fund to the extent of their shortfall in stipulated priority sector lending to agriculture.
  • The main objective of the Fund is to provide loans to state Government's and state owned corporations to enable them to complete ongoing rural infrastructure projects.



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