An apex development bank which facilitates credit flow in rural area. Answer in a word / phrase / term.
Answers
Answer:
The one word which can be used to replace the sentence, 'An apex development bank which facilitates credit flow in rural area.', is called "NABARD"
NABARD stands for National Bank for Agriculture and Rural Development
Explanation:
This refers to a bank which is incharge for governing the main operations of rural banks. This national bank aims at providing services in connection to gramin banks. The main aim of such a banking organization is to support small scale cottage like industries.
How it does that?
By giving them credit facilities and provider cheaper rates. This helps the cottage industries in rural areas to flourish.
Answer:
, An Apex development bank that facilitates credit flow in rural areas is NABARD that is the National Bank for Agriculture and Rural Development, The head office of NABARD is in Mumbai.IT is a fully Government agency,it is worked under the government of India. The main purpose of NABARD is to develop backward villages, they provide money for agriculture, for small industry and for future planning.