NATIONAL BANK FOR AGRICULTRE AND RURAL DEVELOPMENT *************************************************** NABARD is an apex development bank in India established on 12 July, 1982 with an aim of providing services to rural India by increasing the credit flow for evaluation of agriculture & rural non form sectors. It was set up by the Reserve Bank of India (RBI) under the chairmanship of Shri B. Sivaraman. NABARD is a development bank for providing and regulating credit and other facilities for the promotion and development of cottages, small scale industries, development of agriculture, village industries, handicrafts and other rural crafts. With a view of promoting rural development and securing rural areas, NABARD is entrusted with 1. Providing refinance to lending institutions in rural areas 2. Bringing about or promoting institutional development and 3. Evaluating, monitoring and inspecting the client banks RBI sold its stake in NABARD to the Government of India, which now holds 99% STAKE. NABARD is active in developing financial inclusion policy.
Posted on: Sat, 24 May 2014 04:54:22 +0000