NABARD Full Form: Find What Is Full Form Of NABARD?

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

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Below We Are Going To Explain The Abbreviation Of NABARD,

Abbreviation Of National Bank for Agriculture and Rural Development.

What Is The Abbreviation Of National Bank for Agriculture and Rural Development?

The Abbreviation Of National Bank for Agriculture and Rural Development Of NABARD.

National= N

Bank for= B

Agriculture and= A

Rural= R

Development= D

It is a vertex development bank that provides a facility to credit flow for the development of small industries, cottage industries, agriculture, and other small businesses in rural areas. NABARD is headquartered in Mumbai, Maharashtra and its branches are located all over the country.

History

NABARD was established on the recommendation of the Shivaraman Committee on the 12th of July 1982. It was established to execute the national bank for Agriculture and Rural Development Act 1981. The initial capital of NABARD was 100 crore. As the 31st March 2014 NABARD paid-up capital stood at Rs. 4700 crores (Rs. 4680 crores of gol and Rs. 20 crores of RBI).

Functionalities

A list of some remarkable functionalities of NABARD are given below:

It serves as an vertex financing agency for the various development programs in rural areas.
It refines and regulates the financial institutions which finance the rural sector.
It regulates the cooperative banks and RRB’s and, manages talent through IBPS CWE.
It provides a training facility to the institutions which work for rural development.

Frequently Asked Question:

What Is The Main Function Of Nabard?

NABARD is an apex development bank in India. Its roles include Finance: Promoting agriculture and rural development through credit support( mainly refinance). Developmental: develops and implements GOIs development schemes.

Who Owns Nabard?

Government of India
NABARD is wholly owned by the Government of India. NABARD, with its Head office at Mumbai.

Is Nabard Under Rbi?

MUMBAI : The RBI on Wednesday said that it’s disposed its entire stake in Nabard and National Housing Bank (NHB) for ₹20 crores and ₹1,450 crores, on 26 February and 19 March, respectively. Nabard is short for National Bank for Agriculture and Rural Development.

Is Nabard A Central Government Job?

NABARD may be a Central Government Bank because the GOI (Government of India) holds around 99% stake in NABARD.

Who Controls Nabard?

RBI
NABARD and RBI
Many developmental works are done by RBI and NABARD in co-operation. RBI provides 3 directors to NABARD’s Board of Directors.

How Many Branches Of Nabard In India?

It has 336 District Offices across the country which are staffed by District Development Managers (DDMs). It also has six training establishments. NABARD is also known for its ‘SHG Bank Linkage Programme’ which encourages India’s banks to lend to self-help groups (SHGs).

How Nabard Is Supporting New Entrepreneurs In India?

Microfinance Sector

The programme has empowered 118.93 lakh Self Help Groups (SHGs) and 14.2 crore rural households in India as on 31 March 2022. Nearly 33.98 lakh SHGs availed credit support of Rs. 997.29 crore from various banks during 2020-21, at an average of Rs. 2.93 lakh per SHG.

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Meaning Of NABARD

Abbreviation Of National Bank for Agriculture and Rural Development.