NABARD Explained
The National Bank for Agriculture and Rural Development (NABARD) is the apex development bank for agriculture and rural development in India, established in 1982.
The National Bank for Agriculture and Rural Development (NABARD) is the apex development bank for agriculture and rural development in India, established in 1982.
Refinancing role
NABARD provides refinance to banks and cooperative institutions that lend for agriculture and rural activities, strengthening the rural credit system.
Development functions
It supports rural infrastructure (through funds like the RIDF), promotes self-help groups and financial inclusion, and supervises cooperative and regional rural banks.
Why it matters for UPSC
NABARD's apex status, its 1982 establishment and its refinancing role are commonly tested economy facts.
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What is NABARD's main role?
It is the apex development bank for agriculture and rural development, providing refinance and support to rural credit institutions.
When was NABARD established?
In 1982.