Important Points to know about National Bank for Agriculture and Rural Development (NABARD)

    Important Points to know about National Bank for Agriculture and Rural Development (NABARD):
    Important Points to know about National Bank for Agriculture and Rural Development (NABARD):
    Important points that we have to know about the National Bank for Agriculture and Rural Development (NABARD) were given here, which will be more helpful for the candidates those who are preparing for the upcoming exams.

    NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT

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

    2).Headquarters –Mumbai

    3).It was established by the Committee set up by RBI to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD) under the Chairman Shri. B. Sivaraman on12thJuly 1982

    4).Its main aim is to uplift rural India by increasing the credit flow for evaluation of agricultural and rural farm sector

    5).Chairman –Dr. Harsh Kumar Bhanwala

    6).The government of India now holds99%of NABARD’s shares which were sold by RBI

    7).NABARD is active member of Alliance for Financial Inclusion

    8).NABARD replaced the following organizations
    ·        Agricultural Credit Department
    ·        Rural Planning and Credit Cell
    ·        Agricultural Refinance and Development Corporation

    9).The initial capital of NABARD wasRs. 100 crore

    10).Present share details of NABARD are as follows
    ·        Government of India –Rs.4680 crore – 99%
    ·        RBI –Rs. 20 crore – 1%

    11).NABARD takes measures towards institutions which help in improving absorptive capacity of the credit delivery system including
    ·        Monitoring
    ·        Formulating rehabilitation schemes
    ·        Restructuring of credit institutions
    ·        Training of personnel

    12).It coordinates the rural financing activities of the
    ·        Government of India
    ·        State Governments
    ·        Reserve Bank of India
    ·        Other national institutions concerned with policy formulation

    13).NABARD refinances financial institutions which finance the rural sector. These refinances are availed by the following organizations
    ·        State Co-operative Agriculture and Rural Development Bank (SCARDB)
    ·        State Co-operative Banks(SCB)
    ·        Regional Rural Banks(RRBs)
    ·        Commercial Banks(CB)
    ·        Other financial institutions approved by RBI

    14).It has 336 District offices across the country including 1-sub office at Port Blair and one special cell at Srinagar

    15).It has 6 training establishments

    16).NABARD is also known asSelf Help Group (SHG)Bank Linkage Programme. About 22 lakh SGHs were credited through this programme

    17).NADARD has a portfolio of Natural Resource Management Programmes in the following fields
    ·        Watershed development
    ·        Tribal development
    ·        Farm innovation

    18).The RBI and NABARD has laid out guidelines for commercial, Regional Rural and Cooperative banks to provide data regarding loans given by banks to the microfinance institutions

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