RIDF
The state government of Tamil Nadu has been granted a loan worth Rs. 54 crore for the building of a 50,000 metric tonne silo at Sirkazhiin the district of Nagapattinam. The loan will be offered by the National Bank for Agriculture and Rural Development (NABARD). The financial assistance worth Rs. 54 crore will be covering [...] Continue Reading »
IDFC Ltd’s transition to a bank will be painful. Meeting the requirements of cash reserve ratio (CRR) and statutory liquidity ratio (SLR) and ensuring that 40% of its loans go to the priority sector will lead to a decline in return ratios. The requirement of 60% dilution of the holding company structure in the third [...] Continue Reading »
With most of the banks concentrating on funding the mainstream infrastructure projects, the National Bank for Agriculture and Rural Development (NABARD) is exploring the feasibility of supporting development of micro-infrastructure in villages. To work on developing the micro-infrastructure projects in villages in areas such as bore-wells, sanitation, electrification (solar/ biogas/ windmill), warehouse to store farm [...] Continue Reading »
