8/24/2016 Functions of NABARD Important India
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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 re1nancing facilities to State Co-operative Banks (SCBs), Land Development Bank (LDBs),
Regional Rural Banks (RRBs) and other approved 1nancial institutions for 1nancing 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 1nancial
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
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RELATED POSTS
1. Different Types of Banks in India
2. Functions of Reserve Bank of India (RBI)
3. Indian Money Market
4. Zilla Parishad: Functions of Zilla Parishad
5. Role and Functions of Financial Markets
6. Functions of Commercial Banks in India
7. Functions of Panchayat Samiti
8. Characteristics and Features of Indian Money
Market
9. West Bengal Panchayat Samiti – Organization,
Powers and Functions
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