Which of the following institutes operates the Rural Infrastructure Fund (RIDF) in the country ?

Question

Question

This question was previously asked in

RPSC AEn General Knowledge & General Science 2013 Official Paper

Answer 1

The correct answer is NABARD.

Key Points

The Rural Infrastructure Development Fund (RIDF) is operated by NABARD (National Bank for Agriculture and Rural Development).
It was established in 1995-96 with the primary objective of financing ongoing rural infrastructure projects.
RIDF funds are provided to state governments and agencies for completing rural infrastructure projects in areas such as agriculture, irrigation, health, education, and roads.
The fund helps to strengthen the rural economy by improving critical infrastructure needed for rural development and growth.
NABARD's role in managing RIDF contributes to its overarching mission of fostering rural prosperity through financial and developmental support.

Additional Information

NABARD: The National Bank for Agriculture and Rural Development is the apex bank in India for rural development and agriculture, created in 1982 to provide credit and support to the rural economy.
RIDF Projects: RIDF finances a wide range of projects including rural roads, irrigation, water supply, rural electrification, and social sector projects like healthcare and education.
Funding Mechanism: NABARD extends loans to state governments from the RIDF, while banks contribute to the fund in case they fail to meet priority sector lending targets.