Question

Discuss the institutional source of credit which is regarded as the Apex Bank?

Answer 1

National Bank for Agricultural and Rural Development (NABARD) is regarded as the Apex Bank which coordinates the functioning of different financial institutions, working for the expansion of rural credit.

- Its objective is to promote health and strength of credit institutions.

- It also provides financial assistance to the non-farm sector, to promote integrated rural development and prosperity of backward rural areas.