Question

Define the role of nabard in rural development

Answer 1

Functions of NABARD. NABARD was set up essentially as a development bank for promoting agriculture and rural development. Its main function is to provide refinance for rural credit disbursed by the State Co-operative Banks, the Regional Rural Banks and other financial institutions as may be approved by the RBI.

Answer 2

Answer:

NABARD functions to promote sustainable rural development for attaining prosperity of rural areas in India. It is basically concerned with “matters concerning policy, as well as planning and operations in the field of credit for agriculture and other economic activities in rural areas in India”.