NABARD is the apex development bank in India. It was established on 12 July 1982 by a special Act by the parliament. Set up with an initial capital of Rs.100 crore, its’ paid up capital stood at Rs.10,580 crore as on 31 March 2018. Consequent to the revision in the composition of share capital between Government of India and RBI, NABARD today is fully owned by
Government of India
National Bank For Agriculture & Rural Development (NABARD) role in rural development in India is phenomenal. It was is set up as an apex Development Bank by the Government of India with a mandate for facilitating credit flow for promotion and development of agriculture, cottage and village industries.
Role of NABARD in overall development of India in general and rural & agricultural in specific is highly pivotal.
Chairman : Dr. Harsh Kumar Bhanwala
NABARD’s refinance is available to State Co-operative Agriculture and Rural Development Banks (SCARDBs). State Co-operative Banks (SCEs). Regional Rural Banks (RRBs). Commercial Banks (CBs) and other financial institutions approved by RBI.
NABARD: Developmental activities:
Farm Sector Major Functional Areas of the Department
✓ Policy and Programmes related to Farmers’ Technology Transfer Fund (FTTF)
✓ Farmers’ Club Programme
✓ Policy and Programmes related to Farm Innovation & Promotion Fund (FIPF)
✓ Watershed development
✓ Sustainable livelihood Support for Tribal Families
NABARD also monitors the functioning of Regional Rural
Banks in the matter of Agriculture finance & rural