NABARD FULL FORM
Full Form of NABARD : National Bank for Agriculture and Rural Development
What is the full form of NABARD ?
No:1. NABARD stands for National Bank for Agriculture and Rural Development.
No:2. It was established on 12 July 1982 by an act of parliament to implement the National Bank for Agriculture and Rural Development Act 1981.
No:3. It is an apex development bank that provides a facility to credit flow for development of small industries, agriculture, cottage industries and other small businesses in rural areas.
No:4. NABARD is headquartered in Mumbai, Maharashtra and its branches are located all over the country.
History of NABARD
No:1. NABARD was established on the recommendation of Shivaraman Committee on 12th of July 1982.
No:2. It was establish to implement the National Bank for Agriculture and Rural Development Act 1981.
No:3. The initial capital of NABARD was 100 crore.
No:4. As the 31th March, 2014 NABARD paid up capital stood at Rs. 4700 crore (Rs. 4680 crore of gol and Rs. 20 crore of RBI).
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A list of some remarkable functionalities of NABARD are as follows :
No:1. It serves as an apex financing agency for the various development programs in rural areas.
No:2. It refines and regulates the financial institutions which finance the rural sector.
No:3. It regulates the cooperative banks and RRB?s and, manages talent through IBPS CWE.
No:4. It provides training facility to the institutions which work for rural development.
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