Loss incurred by NABARD to be borne by Centre: PM Modi
Prime Minister Narendra Modi has announced that the loss incurred by the National Bank for Agriculture and Rural Development (NABARD) by giving loans to co-operative banks and societies at low interest rates shall be borne by the Centre. Further, Modi said that the government will add ₹20,000 crore to a ₹21,000 crore-fund that NABARD had created last month.