Nabard disburses Rs 12,767cr to state coop banks, RRBs

Mumbai, May 5 The National Bank for Agriculture and Rural Development (Nabard) on Tuesday said it has disbursed Rs 12,767 crore to state cooperative banks and regional rural banks (RRBs) for onlending to famers. The loans are being offered for...

Tribune Web Desk

Updated At : 01:30 PM May 06, 2020 IST

Mumbai, May 5

The National Bank for Agriculture and Rural Development (Nabard) on Tuesday said it has disbursed Rs 12,767 crore to state cooperative banks and regional rural banks (RRBs) for onlending to famers.

The loans are being offered for a year at 4.8% interest, it said. The loan has been disbursed under a refinance scheme by Nabard from its own resources and was given this week, it said. — PTI

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