Question

Shivaraman committee has suggested establishment of ________. (Fill in the blank by choosing correct option)
a) SWS
b) KVIC
c) NABARD

Answer 1

Answer:

The correct option is c, i.e. NABARD.

Explanation:

According to the option Shivaraman committee has suggested establishment of NABARD.

Where the full form of NABARD is, National Bank for Agriculture and Rural .

This refers to a bank which is incharge for governing the main operations of rural banks. This national bank aims at providing services in connection to gramin banks. The main aim of such a banking organization is to support small scale cottage like industries.

How it does that?

By giving them credit facilities and provider cheaper rates. This helps the cottage industries in rural areas to flourish.

Answer 2

Answer:

NABARD

Explanation:

The name by which the NABARD scheme was launched was of B.Sivaraman Committee. It was enacted by the act 61 of the parliament in the year 1991.

The date was 12th July 1982 to publish the National Bank for Agriculture and Rural Development Act 1981. The act was abbreviated as NABARD.

The scheme is aimed to empower the rural banking sector of our country