| Consider the following statements |
| 1. NABARD was established by the Act of Parliament to take over the role of Agricultural Refinance Development Corporation. |
| 2. Rural Infrastructure Development Fund (RIDF) is managed by SIDBI. Which of the statements given above is/are correct? |
A) Only 1
B) Only 2
C) Both 1 and 2
D) neither 1 nor 2
Correct Answer: A
Solution :
[a] Rural Infrastructure Development Fund (RIDF) was instituted in NABARD with an announcement in the Union Budget 1995-96 with the sole objective of giving low cost fund support to State Governments and State owned Corporations for quick completion of ongoing projects relating to medium and minor irrigation, soil conservation, watershed management and other forms of rural infrastructure.
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