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    Nabard: National Bank For Agriculture and Rural Development (NABARD) Is An Apex

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    NABARD is India's apex development bank that was established in 1982 to provide credit and other services in rural areas to promote agriculture and rural development. It replaced previous institutions and aims to develop financial inclusion policies. NABARD is headquartered in Mumbai and provides credit and develops initiatives like self-help groups and watershed management programs.

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    Nabard: National Bank For Agriculture and Rural Development (NABARD) Is An Apex

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    sahithi
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    NABARD is India's apex development bank that was established in 1982 to provide credit and other services in rural areas to promote agriculture and rural development. It replaced previous institutions and aims to develop financial inclusion policies. NABARD is headquartered in Mumbai and provides credit and develops initiatives like self-help groups and watershed management programs.

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    NABARD is India's apex development bank that was established in 1982 to provide credit and other services in rural areas to promote agriculture and rural development. It replaced previous institutions and aims to develop financial inclusion policies. NABARD is headquartered in Mumbai and provides credit and develops initiatives like self-help groups and watershed management programs.

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    40 views3 pages

    Nabard: National Bank For Agriculture and Rural Development (NABARD) Is An Apex

    Uploaded by

    sahithi
    NABARD is India's apex development bank that was established in 1982 to provide credit and other services in rural areas to promote agriculture and rural development. It replaced previous institutions and aims to develop financial inclusion policies. NABARD is headquartered in Mumbai and provides credit and develops initiatives like self-help groups and watershed management programs.

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    © All Rights Reserved
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    NABARD

     National Bank for Agriculture and Rural Development (NABARD) is an apex


    development financial institution in India, headquartered at Mumbai with regional
    offices all over India.[4] The Bank has been entrusted with "matters concerning policy,
    planning and operations in the field of credit for agricultureand other economic
    activities in rural areas in India". NABARD is active in developing financial
    inclusion policy.

    NABARD logo

    Predecessor Agricultural Refinance and Development

    Corporation

    Formation July 12, 1982; 36 years ago[1]

    Type Development finance institution

    Legal status State-owned enterprise, Government of India

    Purpose Development assistance, poverty reduction

    Headquarters Mumbai, Maharashtra, India[2]

    Chairman
    HOSTPRY
    NABARD was established on the recommendations of
    B.Sivaraman Committee, (by Act 61, 1981 of Parliament) on 12 July 1982 to
    implement the National Bank for Agriculture and Rural Development Act 1981. It
    replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit
    Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development
    Corporation (ARDC). It is one of the premier agencies providing developmental credit
    in rural areas. NABARD is India's specialised bank for Agriculture and Rural
    Development in India.

    ROLE:
    NABARD has been instrumental in grounding rural, social innovations and social
    enterprises in the rural hinterlands. It has in the process partnered with about 4000
    partner organisations in grounding many of the interventions be it, SHG-Bank
    Linkage programme, tree-based tribal communities’ livelihoods initiative, watershed
    approach in soil and water conservation, increasing crop productivity initiatives
    through lead crop initiative or dissemination of information flow to agrarian
    communities through Farmer clubs. Despite all this, it pays huge taxes too, to the
    exchequer – figuring in the top 50 tax payers consistently. NABARD virtually ploughs
    back all the profits for development spending, in their unending search for solutions
    and answers. Thus the organisation had developed a huge amount of trust capital in
    its 3 decades of work with rural communities.

    External links
     Official website

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    Banking in India
    Categories:
     Agricultural organisations based in India
     Rural development organisations in India
     Financial services companies based in Mumbai
     Agricultural finance in India
     Regulatory agencies of India
     Microfinance companies of India
     Microfinance banks

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