Nabard extends Rs 9,241 cr to co-operative banks, RRBs as refinance in Guj

National Bank for Agriculture and Rural Development (Nabard) has extended Rs 9,241 crore as refinance support to cooperative banks and regional rural banks (RRBs) in Gujarat for providing crop loans to farmers during 2016-17. The bank has sanctioned Rs 2,274 crore to the Government of Gujarat for irrigation project of SAUNI Yojana.

"Refinance support amounting to Rs 9,241 crore has been extended to cooperative banks and RRBs in Gujarat for providing crop loans to farmers by Nabard in 2016-17. This is highest ever refinance support given by the bank in Gujarat," said official of Nabard in Gujarat.

Nabard has provided Rs 2,274