Question

The NABARD (National Bank of Agricultural and Rural Development) is __________.

• A. an apex body to looking into the credit needs of the rural sector
• B. the only body looking after all the credit needs of farmers
• C. the main source of finance for the regional rural banks
• D. all of the above

Answer 1

The correct option is D all of the above

NABARD (National Bank for Agriculture and Rural Development) was set up in 19821892 to function as an apex bank in the area of rural credit. This bank does not directly extend any loans to the rural people. It extends financial assistance to cooperatives and regional rural banks, who in turn make available loans to the farmers.