Question

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Q. PLEASE ELABORATE ABOUT NABARD​

Answer 1

National Bank For Agriculture & Rural Development (NABARD) is set up as an apex Development Bank by the Government of India with a mandate for facilitating credit flow for promotion and development of agriculture, cottage and village industries.

Answer 2

Answer:

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Explanation:

Faced with shortage of warehouse facilities for agriculture products, Maharashtra stands to gain from the new loan scheme of the National Bank of Agriculture and Rural Development (Nabard), which aims to finance the private sector for creation of storage infrastructure.

Under the new scheme which has received the Centre’s nod, Nabard can advance direct loans to the public as well as the private sector for construction of warehouses, cold storages, cold chains and silos.

Elaborating on the scheme — Nabard Warehousing Scheme (NWS) 2013—14 — a Nabard official said the purpose behind it was to enhance the participation of private sector players in infrastructure development of warehousing for perishable agriculture produce such as fruit and vegetables.

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