Write a short note on NABARD.

1.	Write a short note on NABARD.
Answer» NABARD: NABARD is the Apex banking institution. National Bank for Agricultural and Rural Development was established on 12th July 1982, with a paid-up capital of ₹ 100 crores. 50% contribution was paid by the government and 50% by RBI. NABARD plays an energetic role in strengthening and re-organizing the credit structure in the country. NABARD provides credit to agriculture, small-scale industries, cottage and village industries, handicrafts, and other allied activities. The money required by the primary agricultural credit societies is provided by NABARD. It reduces regional imbalances. Today, NABARD is fully owned by the Government of India. NABARD is connected to district and state cooperative banks and RRB’s (Regional Rural Banks) for rural development.

Answer»

NABARD:

NABARD is the Apex banking institution. National Bank for Agricultural and Rural Development was established on 12th July 1982, with a paid-up capital of ₹ 100 crores. 50% contribution was paid by the government and 50% by RBI.
NABARD plays an energetic role in strengthening and re-organizing the credit structure in the country.
NABARD provides credit to agriculture, small-scale industries, cottage and village industries, handicrafts, and other allied activities.
The money required by the primary agricultural credit societies is provided by NABARD. It reduces regional imbalances.
Today, NABARD is fully owned by the Government of India. NABARD is connected to district and state cooperative banks and RRB’s (Regional Rural Banks) for rural development.

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