NABARD is an acronym for the National Bank for Agriculture and Rural Development. The bank was established by the Government of India in 1982. It serves the country’s agricultural and rural communities by providing financial assistance and promoting village industries. Its headquarters is in Mumbai, Maharashtra, India. As the apex development bank for agriculture, it is dedicated to ensuring the prosperity of rural areas.
The bank is a vertex development bank with branches all over the country. With its head office in Mumbai, it operates with regional offices throughout the country. It was created on the recommendation of the Shivaraman Committee and is responsible for executing the National Bank for Agriculture and Rural Development Act 1981. The bank serves as a vertex finance agency for various rural development schemes. The organization also has the capacity to partner with other financial institutions to provide loans and other financial support to rural areas.
NABARD is an acronym for the National Bank for Agriculture and Rural Development. It was established on 12 July 1982 as an instrumentality of the government to implement the National Bank for Agriculture and Rural Development Act 1981. While the GOI owns 99% of NABARD, the RBI provides three directors to the Board of Directors. The name of the bank has several variations in different languages. The one most commonly used is ‘NABARD’.
NABARD is an acronym that is commonly used in text messages. It stands for the National Bank for Agriculture and Rural Development. Although this is the main meaning, it may have more than one meaning. Listed below are some other meanings of the acronym NABARD. Take a moment to learn about it and see if you can identify it. You may also find this useful when discussing agricultural and rural development issues with others.
NABARD works with a variety of partners to help rural areas flourish. These partners include leading global organizations and World Bank affiliated institutions. These organizations play an important consulting role with NABARD to help farmers and other rural areas become more productive. These partnerships help the bank achieve its objective of connecting rural and national economies. And with NABARD’s help, nearly 4000 organizations and micro industries are helping the country’s rural populations achieve their potential and create jobs and income.