Authorized Capital of NABARD raised from 5000 crore rupees to 20000 crore rupees

Authorized Capital of NABARD raised from 5000 crore rupees to 20000 crore rupees

The Union Cabinet of India on 7 February 2013 approved raise in the authorized capital of National Bank for Agriculture and Rural Development (Nabard) to 20000 crore rupees from 5000 crore rupees.

The authorized capital was increased with the aim to enlarge the operations and broadening the activities of NABARD.

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