Published on November 19, 2013
National Bank for Agricultural and Rural Development
Introduction An apex development bank in India with the mandate of facilitating credit flow for promotion and development of agriculture and integrated rural development It has 28 regional offices situated in state capitals and391 district offices at districts It provides assistance to the government, the RBI and other organizations in matters relating to rural development It provides training and research facilities for banks, organizations working in the field of rural development
Objectives The rural financial system in the country calls for a strong and efficient credit delivery system, capable of taking care of the expanding and diverse credit needs of agriculture and rural development. More than 50% of the rural credit is disbursed by the Co-operative Banks and Regional Rural Banks. NABARD is responsible for regulating and supervising the functions of Co-operative banks and RRBs. NABARD has been taking various initiatives in association with Government of India and RBI to improve the health of Co-operative banks and Regional Rural Banks.
Functions 1. Credit distribution -: a) Short term credit b) Medium term credit c) Long term credit 2. Development function 3. Regulatory function
Activities 1. 2. 3. 4. 5. 6. 7. 8. Production credit ( SAO, weavers, tiny ind. ,fertilizers ) Investment credit ( RRBs, SCBs, CBs, PUCBs ) Minor irrigation ( water, 120cm rainfall ) Plantation & Horticulture ( fruit, vegetable ) Land development, soil conservation and water Mgmt Animal husbandry Development of fisheries sector R&D activities