2. NATIONAL BANK FOR AGRICULTURE
AND RURAL DEVELOPMENT (NABARD)
– HEAD QUARTERS : Mumbai, Maharashtra, India
– ESTABLISHED : 12 July 1982
– CHAIRMAN : Dr. Harsh kumar Bhanwala
– RESERVES (in crores) : 43,674( As on 31st March 2019)
– WEBSITE : www.nabard.org
– RBI sold its entire stake in NABARD to the Government of India
3. OBJECTIVE OF NABARD
– The bank will serve as a refinancing institution for institutional credit such as
long-term, short-term for the promotion of activities in rural areas.
– The bank will also provide direct lending to any institution as may approved by
the central government.
– Promote policies and practices conducive for rural development.
– It will have close like with RBI for guidance and assistance in financial matters.
4. ROLE OF NABARD
– NABARD is the apex institution in the country which looks after the
development of cottage industry, small industry, village and other rural
industries.
– NABARD also reaches out to allied economies and supports, promotes
integrated development.
5. FUNCTIONS OF NABARD
– Credit functions
– Development and promotional functions
– KCC, DRIP, REDP, UPNRM, SHG
– Supervisory functions
– Institutional and capacity building
– Role in training
– CB, RRBs, Co-op banks.
6. SOURCES OF FUND
– Authorised share capital (30,000 Cr)
– Issued and paid up capital (12,580 Cr)
– Borrowing from Government of India and any institution approved by
Government of India
– Issue and sale of bonds by Government of India
– Deposits from state government and local authorities
– Gifts and grants received.
