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Which of the following NABARD subsidiaries sets an objective to provide credit facilities to individuals and other legal entities?
Question

Which of the following NABARD subsidiaries sets an objective to provide credit facilities to individuals and other legal entities?


A.

NABSAMRUDDHI


B.

NABCONS


C.

NABFOUNDATION


D.

NABVENTURE

Correct option is A

The correct answer is option (A) NABSAMRUDDHI

  • NABSAMRUDDHI is a subsidiary of NABARD that primarily focuses on promoting micro-enterprise development.
  • It provides support through capacity building and financial assistance to micro-enterprises and self-help groups, rather than directly offering credit to individuals or legal entities.

Information Booster :-

  • NABCONS: NABCONS is the consultancy arm of NABARD. It offers consultancy services in areas related to agriculture, rural development, and infrastructure but does not directly provide credit facilities to individuals or legal entities.
  • NABFOUNDATION: NABFOUNDATION is the philanthropic arm of NABARD, working on developmental activities like health, education, and sustainable livelihoods.
  • NABVENTURE: Concentrates on funding and supporting startups in the agriculture sector but is not specifically aimed at providing credit to individuals or entities.

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