NABARD Full Form – Best NABARD Full Form Guide – 2020

NABARD Full Form
  • NABARD Full Form
  • In this post, you will get the NABARD full form.

NABARD Full Form: National Bank for Agriculture and Rural Development

NABARD Full Form
  • NABARD stands for National Bank for Agriculture and Rural Development.
  • The National Bank for Agriculture and Rural Development is a development financial institution in India.
  • The NABARD provides institutional credit for agriculture and other economic activities in rural areas in India.
  • The Vision of NABARD is to be the development bank of the nation for fostering rural prosperity.
  • The Mission of NABARD is to promote sustainable and equitable agriculture and rural development through participative financial and non-financial interventions, innovations, technology and institutional development for securing prosperity.
  • The headquarters of NABARD are situated in Mumbai, India.

History of NABARD

  • NABARD was established on 12 July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC).
  • It was setup on recommendations of Shri B. Sivaraman Committee and began servicing the nation on 05 November 1982.

Functions of NABARD

Following are the functions of the National Bank for Agriculture and Rural Development:

  • To provide refinance support for rural infrastructure.
  • To prepare district level credit plans and guide & motivate banking industry to achieve these targets.
  • To help Cooperative Banks and Regional Rural Banks (RRBs) develop sound banking practices and to onboard them to the CBS platform.
  • To formulate new development schemes as well as implement Government of India’s development schemes.
  • To train handicraft artisans and provide them a marketing platform to sell their articles.

NABARD Full Form Questions & Answers

Following are some of the Frequently Asked Questions (FAQs) regarding NABARD full form:

NABARD full form in Telugu?

NABARD full form in Telugu:
NABARD – నఆబిఆర్ డ్
National Bank for Agriculture and Rural Development – నేషనల్ బ్యాంక్ ఫర్ అగ్రికల్చర్ అండ్ రూరల్ డెవలప్‌మెంట్

NABARD full form and establishment?

NABARD full form and establishment:
NABARD stands for National Bank for Agriculture and Rural Development.
NABARD was established on 12 July 1982 and began servicing the nation on 05 November 1982.

NABARD full form in Marathi?

NABARD full form in Marathi:
NABARD – नयाबीयारद
National Bank for Agriculture and Rural Development –
राष्ट्रीय कृषी व ग्रामीण विकास बँक

Objectives of NABARD?

The objectives of NABARD are as follows:
To promote sustainable and equitable agriculture and rural development through participative financial and non-financial interventions, innovations, technology and institutional development for securing prosperity.

NABARD functions?

The functions of NABARD are as follows:
To provide refinance support for rural infrastructure.
To prepare district level credit plans and guide & motivate banking industry to achieve these targets.
To help Cooperative Banks and Regional Rural Banks (RRBs) develop sound banking practices and to onboard them to the CBS platform.
To formulate new development schemes as well as implement Government of India’s development schemes.
To train handicraft artisans and provide them a marketing platform to sell their articles.

NABARD schemes?

To know about the NABARD schemes, visit the following link:
NABARD SchemesClick Here

NABARD headquarters?

NABARD headquarters:
The headquarters of NABARD are situated in Mumbai, India.

NABARD chairman 2020?

NABARD chairman 2020:
The chairman of NABARD in 2020 is Govinda Rajulu Chintala.

What is the main function of NABARD?

Main function of NABARD:
The main function of NABARD is to provide institutional credit for agriculture and other economic activities in rural India.

Is NABARD under RBI?

No, NABARD doesn’t come under RBI.
NABARD is an autonomous body created by an act of Parliament.
It is independent of RBI.

Is NABARD a central government job?

Yes, NABARD is a central government job.
It is a Government of India employment.

Who owns NABARD?

NABARD is an autonomous body created by an act of Parliament.
It is under the aegis of Government of India.

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