Question

need and importance of NABARD

Answer 1

One of the most important funding agencies to finance the institutions that provide credits for the purpose of investment and production to promote various development activities in rural India is NABARD. Its role is to coordinate rural finance actions of all agencies engaged in developmental work at the field level and maintaining a constant contact with the Government of India, State Governments, the Reserve Bank of India (RBI) and other national institutions interested in policy formulation and refinancing the institutions that finance the rural sector. It adopts measures like framing rehabilitation plans, restricting the credit institutions, etc, for the creation of institutions that improve the absorption capacity of the credit system. It regulates the institutions that financially aid the rural economy and controls its client institutes. Furthermore, training services for the institutions working in the field of rural elevation are also provided by NABARD. It also regulates cooperative banks and RRBs and manages talent acquisition via IBPS CWE.
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Answer 2

The National Bank for Agriculture and Rural Development