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Government moves bill in Lok Sabha to raise Nabard's capital

Government moves bill in Lok Sabha to raise Nabard's capital

Wednesday, April 5, 2017, 5:55 PM

A bill to enable exit of RBI from Nabard and increase authorised capital of the development institution six times to Rs 30,000 crore was introduced in the Lok Sabha today. The National Bank for Agriculture and Rural-Development (Amendment) Bill, 2017 introduced by FM Arun Jaitley also seeks to amend certain clauses in the light of reference of the Micro, Small and Medium Enterprises Development.
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