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Write a short note on NABARD


Posted- 2129 days ago
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NATIONAL BANK FOR AGRICULRE AND RURAL DEVELOPMENT

 

NATIONAL BANK FOR AGRICULRE AND RURAL DEVELOPMENT

 

NABARD is set up by the Government of India as a development bank with the mandate of facilitating credit flow for promotion and development of agriculture and integrated rural development. The mandate also covers supporting all other allied economic activities in rural areas, promoting sustainable rural development and ushering in prosperity in the rural areas.

With a capital base of Rs 2,000 crore provided by the Government of India and Reserve Bank of India , it operates through its head office at Mumbai, 28 regional offices situated in state capitals and 391 district offices at districts.

Its functions are

Initiates measures toward institution-building for improving absorptive capacity of the credit delivery system, including monitoring, formulation of rehabilitation schemes, restructuring of credit institutions, training of personnel, etc.
 
Coordinates the rural financing activities of all the institutions engaged in developmental work at the field level and maintains liaison with the government of India , State governments, the Reserve Bank of India and other national level institutions concerned with policy formulation
 
Prepares, on annual basis, rural credit plans for all the districts in the country. These plans form the base for annual credit plans of all rural financial institutions
 
Undertakes monitoring and evaluation of projects refinanced by it
 
Promotes research in the fields of rural banking, agriculture and rural development
   
Functions as a regulatory authority, supervising, monitoring and guiding cooperative banks and regional rural banks