Question

Apex institution in agricultural finance is

Answer 1

National Bank for Agriculture and Rural Development (NABARD) is the apex institution for financing agricultural and rural sectors. It provides both short-term and long-term credits through regional rural banks and also provides financial assistance in the field of agriculture, small-scale industries, cottage and village industries, handicrafts and allied economic activities in rural areas.

Answer 2

Explanation:

1) NABARD was established with the objective of providing and regulating credit and other facilities for the promotion and development of agriculture, small scale industries, cottage and village industries handicrafts and other rural crafts and allied economic activities. NABARD stands for National Bank for Agriculture and Rural Development.

2) NABARD acts as an apex bank for meeting the credit needs of all type of financial institutes working in the field of agricultural and rural development. It works to frame policies and guidelines for rural financial institutions in India.

3) NABARD plays an important role in preparing and deve6action plans for Co-operative Banks and Regional Rural Banks. It also monitors implementation of development action plans of these banks.

4) It also provides short- term, medium- term, and long term credit to these institutes. Refinancing facilities which repayment period 5 years its interest rate of 7.85%.

Therefore, the NABARD has been recognise.

According to marking pattern this length of answer is sufficient for scoring full marks in justify.