What is meant by NABARD?

National Bank for Agriculture and Rural Development (NABARD) was established on 12 July 1982 by an Act of the Parliament.

What is NABARD class 10th?

NABARD : National Bank for Agriculture and Rural Development was set up in 1982. It is an apex institution entrusted with all matters concerning policy, planning and operations in the field of rural credit and related economic activities.

What is NABARD and its function Class 12?

NABARD is responsible for the development of the small industries, cottage industries, and any other such village or rural projects. Established on 12th July 1982, it had an initial capital of 100 crores. The bank is under the supervision of a Board of Directors which the Government of India will appoint.

What is NABARD scheme?

NABARD is the channelizing agency for release of subsidy @ 25\% to 33.33\% of the capital cost for institutions eligible for refinance by NABARD or any other FI such as State Financial Corporations (SFCs) approved by DAC&FW. The scheme is now extended for the term loans sanctioned up to 31.03.

How do NABARD work?

NABARD Recruitment: Qualifications & Procedure Qualifications: Master’s degree in Economics/Agricultural Economics (50\%), Ph. D., desirable. Age: 24-32 years, relaxable for certain categories as per rules. Subjects for Examination: Preliminary & Main Examination.

Why is NABARD important?

NABARD is the most important institution in the country which looks after the development of the cottage industry, small scale industry and village industry, and other rural industries. 2. NABARD also reaches out to allied economies and supports and promotes integrated development. 3.

What is NABARD in economics?

NABARD – National Bank For Agriculture And Rural Development.

What is the purpose of NABARD Class 11?

Organizational structure: The Structure of NABARD comprises of Board of Directors,Chairman,Managing Director , 2 Executive Director . They All look after 26 Head Office Department ,28 Regional Offices ,6 Training Establishment.

What is NABARD and role of NABARD?

It is the apex banking institution to provide finance for Agriculture and rural development. National Bank for Agriculture and Rural Development (NABARD) was established on July 12, 1982 with the paid up capital of Rs. 100 cr. by 50: 50 contribution of government of India and Reserve bank of India.

What are the objectives of nabard scheme for dairy sector?

Objectives of the Scheme • to generate self-employment and provide infrastructure for dairy sector; • to set up modern dairy farms and infrastructure for production of clean milk; • to encourage heifer calf rearing for conservation and development of good breeding stock; • to bring structural changes in the unorganized …

What are the main objectives of the National Horticulture Board NHB )?

The main objectives of the NHB are to improve integrated development of Horticulture industry and to help in coordinating, sustaining the production and processing of fruits and vegetables.

What is the role of NABARD in rural development?

What is the role of NABARD? The National Bank for Agriculture and Rural Development or NABARD provides investment and production credit for various developmental activities and projects taking place in rural areas, which will help enhance rural development and facilitate rural prosperity.

What is the function of NABARD?

The NABARD is essentially a development bank for promoting agricultural and rural credit development. Its main functions are to provide refinance credit to the state Co-operative Banks, the Regional rural banks and other financial institutions as may be approved by the RBI.

Who is the owner of NABARD?

NABARD is an apex development finance institution fully owned by Government of India. NABARD was established on July 12, 1982, by merging the agricultural credit development of RBI and three other development banks.

What is the role of NABARD in agricultural credit?

NABARD has a dual role to play- As an apex institution and as a refinance institution. It has inherited its apex role from RBI i.e. it is performing all the functions performed by RBI with regard to agricultural credit.

What is the role of NABARD in the Indian Green Revolution?

It has played a supplementary role in sustaining Green Revolution in the country. White Revolution and Blue Revolution in the form of increased milk production and fisheries have also been contributed by the sustained efforts of NABARD. India stands the top most country in the world in production of dairy milk.