Which finance company received Nabard 2018 award recently?
A. Muthoot Finance
B. Bajaj Finserv
C. Repco Micro Finance Ltd
D. LIC Finance Limited
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D) LIC finance Limited
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Answer:
Repco Micro Finance Ltd received Nabard 2018 award .
Explanation:
In July 2018, Repco Micro Finance Ltd, a non-banking finance corporation obtained Nabard 2018 award for its outstanding performance.
The award was given service to self-assist organization in Tamil Nadu for the financial year 2017-18.
The NBFC (Non Banking Financial Company) has distributed loans amounting to Rs.2,500 crore to over 10 lakh beneficiaries.
NABARD financial offerings limited is a subsidiary of NABARD to offer economic services in regions of agriculture & microfinance.
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