what is role of NABARD in rural credit in india?
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National Bank for Agricultural and Rural Development (NABARD)
It was set up in 1982 as an apex body to coordinate the activities to all institution involved in the rural financing system. It creates a big role in economy:
1. To act as an apex agency for the institutions which advance credit in the rural areas.
2. To provide assistance to the non-farm sectors also.
3. To control and evaluate the projects financed by it.
4. It coordinates the functioning of different financial institutions involved in advancing rural credit.
It was set up in 1982 as an apex body to coordinate the activities to all institution involved in the rural financing system. It creates a big role in economy:
1. To act as an apex agency for the institutions which advance credit in the rural areas.
2. To provide assistance to the non-farm sectors also.
3. To control and evaluate the projects financed by it.
4. It coordinates the functioning of different financial institutions involved in advancing rural credit.
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