What is NABARD?
Understand the Problem
The question is asking for information about NABARD, which likely refers to the National Bank for Agriculture and Rural Development in India. We need to explain its role, functions, and significance in the context of agriculture and rural development.
Answer
NABARD is India's apex development bank for agriculture and rural development.
NABARD (National Bank for Agriculture and Rural Development) is India's apex development bank focused on promoting sustainable and equitable agriculture and rural development. It provides and regulates credit for agriculture, small-scale industries, and cottage industries.
Answer for screen readers
NABARD (National Bank for Agriculture and Rural Development) is India's apex development bank focused on promoting sustainable and equitable agriculture and rural development. It provides and regulates credit for agriculture, small-scale industries, and cottage industries.
More Information
NABARD was established in 1982 under an Act of the Indian Parliament, and it has its headquarters in Mumbai. It plays a crucial role in the development of India's agricultural finance system.
Tips
A common mistake is confusing NABARD with commercial banks, but NABARD is a development bank specifically aimed at rural and agricultural development.
Sources
- National Bank For Agriculture And Rural Development - NABARD - nabard.org
- National Bank for Agriculture and Rural Development (NABARD) - byjus.com
- National Bank for Agriculture and Rural Development - Wikipedia - en.wikipedia.org
