17. Tell Us Something About Nabard And Its Functions?
NABARD was established by an act of Parliament on 12 July 1976 as National Bank for Agricultural and Rural Development. It is the apex bank to provide rural credit and monitor the RRBs. The main functions of NABARD are:- Provide refinance to RRBs and other banks in rural areas for lending. Acts as a subsidiary for RRBs and co-operative banks.
NABARD was established by an act of Parliament on 12 July 1976 as National Bank for Agricultural and Rural Development. It is the apex bank to provide rural credit and monitor the RRBs. The main functions of NABARD are:- Provide refinance to RRBs and other banks in rural areas for lending. Acts as a subsidiary for RRBs and co-operative banks.
