Scribd Logo
Upload

Welcome to Scribd!

  • 75 views

    NABARD and Its Function

    Uploaded by

    prahlad sharma
    NABARD is a statutory body established in 1982 under the NABARD Act, 1981 on the recommendation of the B. Sivaraman Committee. NABARD is responsible for rural and agricultural development by promoting, financing, and developmental activities related to agriculture and allied sectors. It has financial, supervisory, and developmental roles. As the primary institution, it implements government schemes for agro-rural development and helps finance such development through direct financing and refinancing of other institutions that provide loans to farmers and rural communities. NABARD also supervises other agricultural banks and has developmental functions including institutional development, farm and non-farm sector growth, financial inclusion, microcredit innovation, research and development, and disb

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    NABARD and Its Function

    Uploaded by

    prahlad sharma
    75 views1 page
    NABARD is a statutory body established in 1982 under the NABARD Act, 1981 on the recommendation of the B. Sivaraman Committee. NABARD is responsible for rural and agricultural development by promoting, financing, and developmental activities related to agriculture and allied sectors. It has financial, supervisory, and developmental roles. As the primary institution, it implements government schemes for agro-rural development and helps finance such development through direct financing and refinancing of other institutions that provide loans to farmers and rural communities. NABARD also supervises other agricultural banks and has developmental functions including institutional development, farm and non-farm sector growth, financial inclusion, microcredit innovation, research and development, and disb

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    NABARD is a statutory body established in 1982 under the NABARD Act, 1981 on the recommendation of the B. Sivaraman Committee. NABARD is responsible for rural and agricultural development by promoting, financing, and developmental activities related to agriculture and allied sectors. It has financial, supervisory, and developmental roles. As the primary institution, it implements government schemes for agro-rural development and helps finance such development through direct financing and refinancing of other institutions that provide loans to farmers and rural communities. NABARD also supervises other agricultural banks and has developmental functions including institutional development, farm and non-farm sector growth, financial inclusion, microcredit innovation, research and development, and disb

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    75 views1 page

    NABARD and Its Function

    Uploaded by

    prahlad sharma
    NABARD is a statutory body established in 1982 under the NABARD Act, 1981 on the recommendation of the B. Sivaraman Committee. NABARD is responsible for rural and agricultural development by promoting, financing, and developmental activities related to agriculture and allied sectors. It has financial, supervisory, and developmental roles. As the primary institution, it implements government schemes for agro-rural development and helps finance such development through direct financing and refinancing of other institutions that provide loans to farmers and rural communities. NABARD also supervises other agricultural banks and has developmental functions including institutional development, farm and non-farm sector growth, financial inclusion, microcredit innovation, research and development, and disb

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 1

    The National Bank for Agricultural and Rural Development (NABARD) is a statutory body

    established in 1982 under the NABARD Act, 1981.

    NABARD was set up on the recommendation of B. Sivaraman Committee.

    NaBARD is the primary financial institution responsible for Rural and Agricultural Development by
    promoting, financing and developmental activities in Agricultural and allied activities.

    Thus NABARD has a range of functions pertaining to financial, supervision and developmental
    roles. It acts as the principal body for the implementation of Govt Schemes in Agro-Rural
    Development.
    1. Financial Functions

    NABARD helps in financing rural and agricultural development by


    1) Direct Financing
    a. Financing of Warehousing Infrastructure through WIF
    b. Financing of food parks
    c. Financing of Cold Storages
    d. Financing of Micro-Irrigation projects through NIDA
    e. Rural Infrastructure Development Fund (RIDF)
    f. PM Awas Yojna - Gramin
    g. Swachh Bharat Mission - Gramin
    h. Producers Organisation Support
    2) Refinancing of RRBs, Co-operative Banks, and Credit Societies which can disburse loans to
    Farmers, Self-Help Groups and Communities for short-term & finance long-term Rural
    infrastructure projects.

    2. Supervising functions

    NABARD supervises Regional Rural Banks, State Cooperative banks, District Central cooperative
    banks, SCARDB and PCARDB.
    NABARD recommends the RBI for giving licenses to different entities.

    3. Developmental Functions

    a. Institutional Development like RRBs and Cooperative Banks.


    b. Farm Sector Development: Pomoting new technologies and innovations in farming
    c. Non-farm sector development: Promoting and marketing agricultural produces by promoting
    Haat/Mart, GI Tags, etc.
    d. Financial Inclusion and Literacy: Spread financial literacy, improve banking infrastructure and
    services
    e. Micro Credit Innovation services like Kisan Credit card
    f. R & D
    g. Responsible for disbursing loans under Green Climate Fund and National Adaption Fund

    You might also like