What is the full form of NABARD?
The NABARD full form is the National Bank for Agriculture and Rural Development. A parliamentary act enforcing the National Bank for Agriculture and Rural Development Act of 1981 created it on July 12, 1982.
Read Other Full Forms
It is an apex development community that provides a loan flow service to small-scale manufacturing, agriculture, cottage industries, and other small-scale rural firms. NABARD‘s headquarters are in Mumbai, Maharashtra, and it has branches around the nation.
A quick overview of NABARD
- On July 12, 1982, NABARD was established at the suggestion of the Shivaraman Committee.
- The National Bank for Agriculture and Rural Development Act of 1981 was established and put into effect.
- The founding capital of NABARD was 100 crore.
NABARD responsibilities
Below is a list of some of the most remarkable NABARD features:
- It functions as the coordinating agency for rural development programs.
- Financing institutions for the rural sector are refined and regulated.
- It is governed by cooperative banks, while IBPS handles creativity via CWE.
- It provides instructional resources for rural development organizations.
