BANKING & FINANCE
NABARD
NABARD Unveils 'Gramodyam' Rural Entrepreneurship Initiative on 45th Foundation Day
The National Bank for Agriculture and Rural Development (NABARD) has introduced 'Gramodyam', a nationwide Entrepreneurship Development Programme (EDP) to mark its 45th Foundation Day.
Conceived as a 3-year pilot program, the initiative targets the training and support of approximately 4,000 aspiring rural entrepreneurs.
The project is structured as a collaborative effort with the National Skill Development Corporation (NSDC) under the Ministry of Skill Development and Entrepreneurship.
The on-ground implementation and management of the programme will be steered by the Institute for Industrial Development (IID).
Exam Perspective: Rural entrepreneurship and MSME development are critical focus areas for economic growth, making this initiative a prominent topic for banking and rural development exams.
Conceived as a 3-year pilot program, the initiative targets the training and support of approximately 4,000 aspiring rural entrepreneurs.
The project is structured as a collaborative effort with the National Skill Development Corporation (NSDC) under the Ministry of Skill Development and Entrepreneurship.
The on-ground implementation and management of the programme will be steered by the Institute for Industrial Development (IID).
Exam Perspective: Rural entrepreneurship and MSME development are critical focus areas for economic growth, making this initiative a prominent topic for banking and rural development exams.
Key Facts / Static GK
National Bank for Agriculture and Rural Development (NABARD) was established on 12 July 1982.
The headquarters of NABARD is located in Mumbai, Maharashtra.
The current Chairman of NABARD is Dr. Shaji K. V.
NABARD operates under the jurisdiction of the Ministry of Finance, Government of India.
The headquarters of NABARD is located in Mumbai, Maharashtra.
The current Chairman of NABARD is Dr. Shaji K. V.
NABARD operates under the jurisdiction of the Ministry of Finance, Government of India.
Practice Quiz — 15 July 2026
Q1. Which of the following statements is/are correct regarding the 'Gramodyam' programme launched by NABARD?
Answer: (C) The program is being executed through the Institute for Industrial Development (IID) in collaboration with NSDC. — The Gramodyam scheme is a 3-year pilot program targeting 4,000 rural entrepreneurs, implemented through the Institute for Industrial Development (IID) in collaboration with the National Skill Development Corporation (NSDC) under the Ministry of Skill Development and Entrepreneurship. It was launched on NABARD's 45th Foundation Day.
Q2. How is the ₹4 crore central funding structured for the development of the Street Food Hub under the PM SVANidhi initiative in Lakhanpur?
Answer: (C) 30% initial instalment, 50% during implementation, 20% after completion — The financial assistance of ₹4 crore for each Street Food Hub is released in three phases: 30% as the initial instalment, 50% during implementation, and the final 20% after successful completion.
Q3. Which personnel will actively carry out the ground-level data collection for the TRAI-Department of Posts nationwide telecom survey?
Answer: (B) Gramin Dak Sevaks (GDSs) — The village-level network performance survey will be carried out by Gramin Dak Sevaks (GDSs) during their routine postal delivery operations.
Q4. Which two agricultural commodities from North Gujarat were recently granted Geographical Indication (GI) tags?
Answer: (B) Unjha Cumin and Unjha Fennel — Unjha Cumin (Jeera) and Unjha Fennel (Variyali) from the North Gujarat region have been granted prestigious Geographical Indication (GI) tags.
Q5. Which public sector enterprise has partnered with CSIR-NAL as the production manufacturing partner for the SARAS Mk II passenger aircraft?
Answer: (B) Hindustan Aeronautics Limited (HAL) — State-owned Hindustan Aeronautics Limited (HAL) is the licensed production partner for the SARAS Mk II project, with its Kanpur facility designated to set up the assembly and production line.
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