Know the full form of NABARD - urstewatia.com
Full-Form of NABARD
NABARD - National Bank for Agricultural and Rural Development
What is NABARD
NABARD stands for National Bank for Agriculture and Rural Development. It is an apex development bank in India that was established on July 12, 1982, with the aim of promoting sustainable rural development and agriculture. NABARD works towards providing credit facilities and other financial services to the agriculture and rural sectors in India.
NABARD is involved in a wide range of activities, including providing credit to farmers and rural entrepreneurs, supporting rural infrastructure development, promoting agricultural research and development, and providing training and technical assistance to rural communities. NABARD is also responsible for implementing various government schemes and programs related to rural development and agriculture.
NABARD is headquartered in Mumbai, Maharashtra, and has a network of regional offices and field units across the country. It is owned by the Government of India, and its operations are overseen by a board of directors appointed by the government.
NABARD's main objective is to promote sustainable and equitable agriculture and rural development by providing credit, developing infrastructure, and supporting research and innovations in the agricultural and rural sectors.
NABARD provides financial assistance and support to various institutions, organizations, and individuals engaged in agriculture and rural development activities. It also works closely with the government, the Reserve Bank of India, and other financial institutions to promote rural development and financial inclusion.
NABARD also provides financial assistance for rural infrastructure development such as irrigation, rural electrification, and construction of roads and bridges. Additionally, NABARD plays an important role in promoting agricultural and rural entrepreneurship and creating rural livelihoods.
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