Question

Write a word or phrase or term which can substitute each one of the following statements.

An apex development bank which facilitates credit flow in rural area.

Answer 1

An apex development bank which facilitates credit flow in rural area – NABARD

Explanation:
National Bank for Agriculture and Rural Development (NABARD) is the apex banking body that governs the operations, particularly, of the rural and ‘gramin’ banks. The main focus of NABARD is to provide cheap and easy credit facility to small, cottage and rural industries.