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Schemes and Organisations

Which of the ...

Question

Which of the following institutions support entrepreneurs through loans and subsidies in rural and agricultural sectors?

A

IDBI

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B

NABARD

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C

LIC

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D

UTI

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Solution

The correct option is B NABARD
National Bank for Agricultural and Rural Development or NABARD supports entrepreneurs through loans and subsidies in rural and agricultural sectors. They provide loans at a reduced interest rate so that entrepreneurs will not hesitate to borrow in order to pursue their ventures.

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Q. Choose the correct option.

Assertion (A): NABARD supports entrepreneurs through loans and subsidies.

Reason (R): Entrepreneurs use these loans to start business ventures in the industrial sector.

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