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Functions of NABARD

On June 27, 2014 By Anamika Sethi Category: Blog

Functions of NABARD

The full form of NABARD is National Bank for Agriculture and Rural Development. The major functions of NABARD are as follows:

  1. It acts as an apex body for meeting the credit needs of all types of agricultural and rural development.
  2. It provides refinancing facilities to State Co-operative Banks (SCBs), Land Development Bank (LDBs), Regional Rural Banks (RRBs) and other approved financial institutions for financing rural economic activities.
  3. It co-ordinates all agricultural and rural development activities with the objective of tying them up with planned development activities in the rural sector.
  4. It provides short-term, medium-term and long-term credit to SCBs, LDBs, RRBs and approved financial institutions.
  5. It provides long-term assistance (not exceeding 20 years) to State Governments.
  6. It has the responsibility of inspecting co-operative banks and RRBs.
  7. It maintains a research and development fund to promote research in agriculture and rural development.

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Category: Blog

Related Posts

  1. Different Types of Banks in India
  2. Role and Functions of Financial Markets
  3. Zilla Parishad: Functions of Zilla Parishad
  4. Functions of Reserve Bank of India (RBI)
  5. Indian Money Market
  6. Functions of Panchayat Samiti
  7. Functions of Legislature
  8. Functions of Commercial Banks in India
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