Nabard

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National Bank for Agriculture and Rural Development
From Wikipedia, the free encyclopedia
National Bank for Agriculture and Rural Development |
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Logo of NABARD | The NABARD headquarters in Mumbai |
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Headquarters | Mumbai, Maharashtra, India |
Established | 12 July 1982 [1] |
Managing Director | Dr K G Karmakar [2] |
Currency | |
Reserves |  81,220 crore (US$ 17.62 billion)(2007) |
Website | Official Website |
NABARD is the apex development bank in India |
National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India based in Mumbai,Maharashtra.[3] It has been accredited with "matters concerning policy, planning and operations in the field of credit for agricultureand other economic activities in rural areas in India".
Contents [hide]   * 1 History   * 2 Role   * 3 Rural Innovation   * 4 References   * 5 External links |
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[edit]History
NABARD was established on the recommendations of Shivaraman Committee, by an act of Parliament on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It 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). It is one of the premiere agencies to provide credit in rural areas.
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[edit]Role
NABARD:
  1. serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas
  2. takes measures towards institution building for improving absorptive capacity of the credit delivery system, including monitoring, formulation of rehabilitation schemes, restructuring of credit institutions, training of personnel, etc.
  3. co-ordinates the rural financing... [continues]

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