Home PYQs UPPSC UPPSC MCQs Prelims 2004 (GS Paper I)

Question

Rural Infrastructure Development Fund is being financed by:

  1. NABARD
  2. Reserve Bank of India
  3. Ministry of Rural Development
  4. Selected group of public Sector Banks

Answer:

Option D: Selected group of public Sector Banks

Detailed Solution:

The correct answer is “Selected group of public Sector Banks”.

The Rural Infrastructure Development Fund (RIDF) is financed by the Government of India and domestic commercial banks.

The government established the fund in 1995-96 to help state governments and state-owned corporations complete ongoing rural infrastructure projects. The National Bank for Agriculture and Rural Development (NABARD) manages the fund.