What are the primary functions of NABARD?

NABARD, which stands for National Bank for Agriculture and Rural Development, serves as a key institution in India's agricultural and rural finance sector. Founded in 1982, NABARD's primary functions include promoting agricultural and rural development through various credit and financial support schemes. It provides refinancing facilities to commercial banks, regional rural banks, and cooperative banks to provide loans for agricultural and rural development projects. Additionally, NABARD provides assistance and guidance to farmers and rural entrepreneurs, conducts research and training programs, and plays a crucial role in the development of rural infrastructure. NABARD's goal is to enhance productivity and income in the agricultural sector, promote sustainable rural development, and alleviate poverty in rural areas.

This mind map was published on 5 January 2024 and has been viewed 79 times.