Is agriculture finance provided directly by the Apex Bank to farmers?
It is the refinance facility provided by the National Bank for Agriculture and Rural Development Bank (NABARD) to the Karnataka State Co-operative Apex Bank on behalf of the eligible DCC Bank. However, Apex Bank is also providing 30% of the NABARD limit to the eligible DCC Banks at NABARD rate of interest from its own resources. The Apex Bank is also providing additional ST (Credit) limit Over & above 30% at the rate of 6.5% to needy DCC Banks and @ 6.00% to Sec. 11 DCC Banks i.e.
