NABARD Full Form

What is the full form of NABARD?

The full form of NABARD is the National Bank for Agriculture and Rural Development. It was established on 12 July 1982 by a parliamentary act enforcing the 1981 Act of the National Bank for Agriculture and Rural Development.

It is an apex development community that provides small-scale manufacturing, agriculture, cottage industries and other small-scale rural enterprises with a credit flow service. NABARD headquarter is located in Mumbai, Maharashtra, and has branches throughout the country.

A brief history of NABARD

  • NABARD was founded on 12 July 1982 on the suggestion of the Shivaraman Committee.
  • It was found & implement the National Bank for Agriculture and Rural Development Act 1981.
  • NABARD’s initial capital was 100 crore.

Functions of NABARD

A collection of certain impressive NABARD functions is provided below:

  • It serves as the apex support agency for different rural development programs.
  • The financial institutions that fund the rural sector are refined and controlled by it.
  • It is regulated by cooperative banks and the RRB S and, via CWE, IBPS handles creativity.
  • It offers educational facilities for rural development agencies.

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