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<h1>Interest rate deregulation prompts NABARD to revise refinance pricing, adjusting long term rural credit support accordingly.</h1> NABARD periodically reviews and revises long term refinance interest rates, supplying refinance to scheduled commercial banks, cooperative banks and RRBs from market and own resources; these revisions reflect prevailing market conditions. The Long Term Rural Credit Fund (LTRCF) was created to provide long term refinance to cooperative banks and RRBs, funded by contributions arising from Priority Sector Lending shortfalls by scheduled commercial banks, and NABARD has set and subsequently lowered the interest rate on advances under LTRCF.
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