India and IFAD Launch Eight-Year Strategic Programme for Rural Prosperity (2026-2033)
The program aims to enhance rural incomes, climate resilience, and food security across various Indian states over an eight-year period.
NABARD also signed a strategic partnership with IFAD on the sidelines to strengthen rural financial systems and support agricultural innovation.
The launch took place at the IFAD–India Partnership for Rural Prosperity event held at Bharat Mandapam, New Delhi.
Key Facts / Static GK
IFAD Establishment: 15 December 1977
NABARD Chairman: Shaji K.V.
Q Practice Quiz — 13 May 2026
1. As per the latest RBI Master Direction, what is the maximum penalty for repeated violations regarding the refusal to exchange mutilated or soiled notes?
Explanation: While the initial penalty for a single deficiency is Rs 10,000, it can rise to a maximum of Rs 5 lakh for repeated violations by a bank.
2. Under the new guidelines, what is the maximum daily limit for free exchange of soiled notes at any bank branch?
Explanation: RBI allows free exchange of soiled notes for up to 20 pieces or a total value of Rs 5,000 per day over the counter.
3. Which of the following statements regarding the VB-G RAM G Act is incorrect?
Explanation: Unlike MGNREGA, where the Centre funded 100% of unskilled wages, the new Act introduces a cost-sharing model (e.g., 60:40 for general states and 90:10 for Himalayan/NE states).
4. Who was sworn in as the 13th Chief Minister of Tamil Nadu in May 2026?
Explanation: C. Joseph Vijay, leading the TVK party, took the oath as the 13th CM of Tamil Nadu, succeeding M.K. Stalin.
5. From July 1, 2026, if an educational institution wants to use stock price data for classroom demonstration for free, what is the minimum required time lag as per SEBI?
Explanation: SEBI has standardized the delay to 30 days for educational use to simplify the earlier framework of 1-day/3-month lags.
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