The National Bank for Agriculture and Rural Development (NABARD) is the apex development agency for rural India, established on 12 July 1982. The organization is responsible for providing credit flow services to small and medium scale rural enterprises, and has a national headquarters in Mumbai, Maharashtra. Its main role is to support various rural development programs by providing short and long-term credit for farming and non-farm activities. It also launches government-sponsored schemes to improve rural livelihood and develop micro industries.
NABARD stands for “National Bank for Agriculture and Rural Development”. It is an Indian financial institution and is the apex development bank for the rural sector. Its primary mission is to provide credit for rural development, regulate village craft activities, promote integrated rural development, and ensure the prosperity of rural areas. It was formed under the B Sivaraman Committee on July 12, 1982. The bank is also responsible for agricultural research and development, as it helps rural communities gain a competitive advantage in the world economy.
NABARD stands for National Bank for Agriculture and Rural Development, and it is often abbreviated in text messages and emails. NABARD can have more than one meaning, so it is important to know what the acronym means before using it. If you don’t know what NABARD means, download the free image to read the definition in English. You can also share the NABARD definition via email, Facebook, Twitter, or TikTok.
NABARD stands for National Bank for Agriculture and Rural Development. The institution monitors the performance of projects it refinanced and supervises rural institutions. Its name reflects the organization’s role in the rural economy. Moreover, NABARD provides three directors to its Board of Directors. The RBI has a stake in NABARD as well, which is a great asset for the country’s agricultural sector.
NABARD is an acronym for National Bank for Agriculture and Rural Development. Its full name is National Bank For Agriculture and Rural Development. The headquarters of NABARD are in Muhyaaly, India. The short form of NABARD is nabard. You can browse through its meaning in various languages by scrolling down or clicking the “more” button. If you want to learn more, visit our English version to see what it means in other languages.
NABARD is a government agency responsible for promoting small and medium scale industries. It oversees and regulates rural lending institutions and acts as their supreme financing agency. It pays special attention to projects developed under the Integrated Rural Development Programme. It arranges refinance for these accounts, and provides instructions on group activities. It also supports 100% refinance in rural India. When it comes to small businesses and micro enterprises, NABARD is an invaluable source of financing and support.