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Bank of Maharashtra signs MoU with NABARD

Bank Of Maharashtra has signed a Memorandum of Understanding (MoU) with National Bank for Agriculture and Rural Development (NABARD) To promote on-going developmental initiatives relating to priority sector lending Maharashtra. It is on a collaborative approach to enhance rural prosperity through convergence of institutional credit and ongoing development initiatives.

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The MoU envisages joint initiatives for the benefit of farmers, farmer producer organizations, joint liability groups, self-help groups, rural artisans, weavers, agri-entrepreneurs, agricultural start-ups, micro, small and medium enterprises in the state.

Important facts for all competitive exams:

  • Maharashtra Headquarters: Pune;
  • Maharashtra CEO: AS Rajeev;
  • Establishment of Maharashtra: 16 September 1935;
  • Chairman of NABARD: GR Chintala;
  • Establishment of NABARD: 12 July 1982;
  • NABARD Headquarters: Mumbai.

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