Question

write a short note on NABARD

Answer 1

National Bank for Agricultural and Rural Development which helps in developing rural areas and promotes small business in rural areas

Answer 2

Answer: National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India.

NABARD was established on the recommendations of Shivaraman Committee.

NABARD was established by an act of Parliament on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981.

NABARD replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC).

Headquarters of NABARD is situated in Mumbai, Maharashtra, India.

The Present Chairman of NABARD is Dr. Harsh Kumar Bhanwala.

NABARD completed its 25 years on 12 July 2007 and Completed its 30 year in 12 July, 2012.

NABARD announced Rural Innovation award to celebrate it’s 30th foundation day.

Explanation: