NABARD is an apex development bank in India, established in 1982 by an act of Parliament. It is responsible for providing credit and other financial assistance to rural and agricultural areas in India. It helps in promoting sustainable and equitable agriculture and rural prosperity in the country. The full form of NABARD is National Bank for Agriculture And Rural Development is set up by the Government of India is used for facilitating the credit flow for promotion and development of agriculture, cottage, and village industries. It is formed on 12th July 1982 which is 38 years ago, is a Development Finance Institution. It is an apex development finance institution in India. It is mainly for developing Financial Inclusion policy.
Their main purpose is to develop assistance of Poverty Reduction. Their headquarter is in Mumbai, India. Whereas its chairman is Govinda Rajulu Chintala. NABARD has its various roles such as –
• it is the most important institution of our country that looks after the development of cottage industry, village industry, scale industry, and other rural industries.
• it allied the economies and supports and promotes integrated development.
There are some advantages of working in NABARD those are –
(a) Work environment – it feels great when people work with brilliant IAS officers and you get an opportunity to work closely with the state government.
(b) Kind of work you do – this actually defines and differentiation NABARD.
(c) Opportunities – by 2020 a major number of the workforce is retiring so there is an opportunity for the young workers to promotions and responsibilities.
NABARD means National Bank for Agriculture and Rural Development which is set up by the Government of India is used for easing the credit flow for promotion and development of village industries and cottage. It is mainly for developing Monetary Inclusion policy. Their main purpose is to develop assistance of Poverty Reduction.
NABARD is most use full bans as the view of rural development or well furnishing of rural society.
The Reserve Bank of India has exited the National Housing Bank (NHB) and the National Bank for Agriculture & Rural Development (Nabard), by exchanging its entire pales to the government for Rs 1,450 crore and Rs 20 crore, severally, arranging them fully government-had now.
NABARD was founded on 12 July 1982. The headquarters is located in Mumbai. The agency executive is Harsh Kumar Bhanwala. The Chairman of NABARD is Govinda Rajulu Chintala. At present, the authorized capital of Nabard is Rs 5,000 crore. Taking Rural India Forward is the motto of NABARD.
Primary Agricultural Credit Societies, State Cooperative Agriculture, and Rural Development Banks are all examples of rural development banks. Career opportunities are also provided by NABARD in various fields, such as financial and banking services, animal husbandry, economics, economics, etc. The age of the candidate should be less than 30 years old.
| Term | Full Form |
| NABARD | National Bank for Agriculture And Rural Development |
FAQ’s
The full form of NABARD is National Bank for Agriculture And Rural Development is set up by the Government of India is used for facilitating the credit flow for promotion and development of agriculture, cottage and village industries. It is formed in 12th July, 1982 which is 38 years ago, is a Development Finance Institution.
NABARD is short form of National Bank for Agriculture And Rural Development.
National Bank for Agriculture And Rural Development is full form of NABARD.
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