Which of the following is incorrect regarding NABARD?

It helps farmers directly

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It perform all the functions of RBI with regards to agriculture credit

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It helps the flow of credit through co-operative banks, RRB’s etc

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Maintain a research and development fund to promote research in agriculture

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Solution

The correct option is A
It helps farmers directly

NABARD does not provide any loan to individuals. It only refinances banks that give loan under specific categories in agriculture including dairy animal rearing.

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Similar questions

Which of the following statements is true or false?

a) NABARD takes up all the functions performed by RBI with regard to rural credit
b) NABARD provides credit directly to rural people

Q. NABARD has been entrusted with which of the following responsibilities?
(i) provide refinance assistance to cooperative societies and RRBs
(ii) improving agricultural credit system
(iii) financing activities of industrial development banks

Q. What is the name of the bank that helps and promotes agricultural and rural development?

Q. Q7. Consider the following statements.
1. National Bank for Agriculture and Rural Development (NABARD) was formed to promote sustainable and equitable agriculture and rural development.
2. It has financial, developmental and supervisory roles.
3. Rural Infrastructure Development Fund (RIDF) created under NABARD can be utilized for agriculture and social sector.
Which of the above statement/s is/are incorrect?

Consider the following statements regarding the National Agricultural Policy, 2000:

1. It seeks to promote sustainable agriculture.
2. Emphasis on the development of animal husbandry, poultry, dairying and aquaculture.
3. It accepts the need to tax farm incomes.
4. It recognizes women's rights in land.
Which of the statements given above are correct?

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Which of the following is incorrect regarding NABARD?

The correct option is A It helps farmers directly NABARD does not provide any loan to individuals. It only refinances banks that give loan under specific categories in agriculture including dairy animal rearing.

The correct option is A
It helps farmers directly

NABARD does not provide any loan to individuals. It only refinances banks that give loan under specific categories in agriculture including dairy animal rearing.