Who is CEO of NABARD?

Dr. G.R. Chintala is the Chairman of National Bank for Agriculture and Rural Development (NABARD) with effect from 27 May 2020. Previously, he was the Managing Director of NABFINS, a subsidiary of NABARD headquartered in Bengaluru.

What is the full form of NABARD Class 10?

The full form of NABARD is the National Bank for Agriculture and Rural Development.

What is NABARD explain the functions of NABARD?

Role of NABARD: 1. It is an apex institution which has power to deal with all matters concerning policy, planning as well as operations in giving credit for agriculture and other economic activities in the rural areas. 2. It also promotes research in rural banking, and the field of agriculture and rural development.

When was NABARD founded?

July 12, 1982, IndiaNational Bank for Agriculture and Rural Development / Founded

What is the capital of NABARD?

At present the authorised capital of Nabard is Rs 5,000 crore and there is a proposal to increase it to Rs 30,000 crore, Gangwar said.

What is NABARD in Marathi?

नाबार्ड बँक National Bank For Agriculture And Rural Development – NABARD (In Marathi)

Is NABARD a NBFC?

Notified as a Non-Banking Finance Company (NBFC) by RBI. The main objective of the company is to provide credit for promotion, expansion and commercialization of enterprises engaged in agriculture, allied and rural non-farm activities.

Is nabard under RBI?

Set up with an initial capital of Rs. 100 crore, its’ paid up capital stood at Rs. 14,080 crore as on 31 March 2020. Consequent to the revision in the composition of share capital between Government of India and RBI, NABARD today is fully owned by Government of India.

Is nabard a NBFC?

Who started NABARD?

Shri B. Sivaraman
The Committee was formed on 30 March 1979, under the Chairmanship of Shri B. Sivaraman, former member of Planning Commission, Government of India.

What is NABARD full details?

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.

NABARD also reaches out to allied economies and supports and promotes integrated development.

NABARD discharge its duty by undertaking the following roles :

What is the function of NABARD in India?

Functions of NABARD: NABARD gives high priority to projects formed under IRDP. It provides refinance for IRDP accounts in order to give highest share for the support for poverty allevia­tion programs run by IRDP. Other than the activities included under IRDP, it also makes the service area plan, to provide backward and for­ward linkages and also infrastructural support.

What is NABARD RIDF?

The funds released under RIDF are maintained by the National Bank for Agriculture and Rural Development (NABARD). The main objective of the fund is to provide loans to State Governments and State-owned corporations to enable them to complete ongoing rural infrastructure projects.