IIFT 2008 Question Paper Question 141

Question 141

Select the correct Organization — Purpose
match:

Solution

NABARD - NABARD role in rural development in India is phenomenal. National Bank For Agriculture & Rural Development (NABARD) is set up as an apex Development Bank by the Government of India with a mandate for facilitating credit flow for promotion and development of agriculture, cottage and village industries.

NCDC - Planning, promoting and financing programmes for production, processing, marketing, storage, export and import of agricultural produce, food stuffs, certain other notified commodities e.g. fertilisers, insecticides, agricultural machinery, lac, soap, kerosene oil, textile, rubber etc., supply of consumer goods and collection, processing, marketing, storage and export of minor forest produce through cooperatives, besides income generating stream of activities such as poultry, dairy, fishery, sericulture, handloom etc.

Loans and grants are advanced to State Governments for financing primary and secondary level cooperative societies and direct to the national level and other societies having objects extending beyond one State. Now, the Corporation can also go in for direct funding of projects under its various schemes of assistance on fulfillment of stipulated conditions.

SCARDB - State Cooperative Agriculture and Rural Development Banks (SCARDB) is a Central Sector Scheme of India which aims at raising resources of SLDBs(State Land Development Banks ) for long term lending to cultivators by way of floatation of debentures in vital areas such as Minor Irrigation, Farm Mechanization, Land Development, Horticulture, Wasteland Development, Rural Housing, Rural Godowns, Non-Farm Sector and Animal Husbandry. Under this scheme the SLDBs/SCARDBs raise resources for long term lending to cultivators by floatation of debentures in vital areas like Farm Mechanisation, Land Development etc. The debentures floated by the Banks are subscribed by NABARD, the concerned State Governments, Government of India and other financial institutions.

NAFED : The objective of NAFED is to organize, promote and develop marketing, processing, storage of agricultural, horticultural and forest produce, import and export of agricultural commodities to augment the supplies in domestic market.

Therefore, option A is the correct answer. 



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