NABARD


- NABARD stands for NAtional Bank for Agriculture and Rural Development.

- It is the apex Indian Development Bank to provide finance for agriculture and rural development. 

- It primarily focussed on the rural sector of the country. 

- It`s headquarter is located in the Mumbai (the Financial Capital of the India). 

- It is a statutory body established on 12 July, 1982 under parliamentary act – National Bank for Agriculture and Rural Development Act, 1981. 

- It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) and Agricultural Refinance and Development Corporation (ARDC) of Reserve Bank of India.

- The NABARD (Amendment) bill, 2017 passed in 2018.

- First charimen of NABARD was M Ram Krishannaya.

- Present Chairman (2023) of NABARD is Shri Shaji K V.




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