- The National Bank for Agriculture and Rural Development (NABARD) has approved a total amount of Rs 1,974.07 crore under the Rural Infrastructure Development Fund (RIDF) for the financial year 2023-24 to the Rajasthan government.
- This substantial funding is intended to uplift the living conditions of rural communities and promote economic development in the region.
National Bank for Agriculture and Rural Development (NABARD)
- National Bank for Agriculture and Rural Development (NABARD) acts as the potential and highest financial authority in India which is responsible for supervising the program of Regional Rural Banks and Apex Co-operative Banks across India.
- It functions under the Ministry of Finance, Government of India. The main responsibilities of NABARD include regulation, planning and implementation of credit facilities for various economic endeavors in agriculture and Indian rural areas.