Fund Assistance
Revolving fund means a fund established for a certain purpose, such as making loans, with the stipulation that repayment to the fund may be used a new for the same purpose.
As per dictionary revolving fund means account established to finance a continuing cycle of operations through amounts received, such as a working capital fund.
Revolving Fund Assistance (RFA) of NABARD
NABARD has been providing RFA on selective basis to those NGOs/MFIs which are experimenting various model of micro finance, especially in the area where sustainability of the system is yet to be established. The assistance is aimed at facilitating the supported agencies to provide funds to the disadvantage and excluded strata of the society at an affordable cost.
