explain NABARD and it's features
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NABARD stands for National Bank for Agriculture and Rural Development. It is an apex development financial institution (DFI) in India, headquartered at Mumbai. It finances and refinances credit for promoting the various developmental activities in rural areas.
The major functions of NABARD include promotion and development, refinancing, financing, planning and monitoring and supervision. Non-credit related: Credit Planning and Monitoring, Coordination with various agencies and institutions.
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Full form of NABARD is National Bank for Agriculture and Rural Development.
It is an appex institution handling policy, planning amd operations in the fields of rural credit and related economic activities.
Functions of NABARD :
- To serve as an Apex funding agency for the institution providing credit in rural areas.
- To take appropriate measures to improve the credit delivery system the bank was to focus on restructuring of credit Institution and training for personal
- to undertake monitoring and evaluation of projects be financed by it
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