What does NBARD mean in FARMING & AGRICULTURE
National Bank for Agriculture and Rural Development (NABARD) is an apex development finance institution established in 1982 by the Government of India. It aims to promote and develop the economic activities of small and marginal farmers, rural artisans, village industries etc. It provides financial assistance to State Governments, local bodies, central corporations, cooperatives, banks and other institutions working in the field of rural development.
NBARD meaning in Farming & Agriculture in Miscellaneous
NBARD mostly used in an acronym Farming & Agriculture in Category Miscellaneous that means National Bank for Agriculture and Rural Development
Shorthand: NBARD,
Full Form: National Bank for Agriculture and Rural Development
For more information of "National Bank for Agriculture and Rural Development", see the section below.
Essential Questions and Answers on National Bank for Agriculture and Rural Development in "MISCELLANEOUS»FARM"
What is NABARD?
NABARD stands for National Bank for Agriculture and Rural Development. It is a government-owned financial institution that promotes sustainable agricultural and rural development in India.
What are the functions of NABARD?
NABARD's main functions include providing direct credit support to cooperative banks, regional rural banks (RRBs), commercial banks for agriculture and allied activities; providing refinance support for agriculture and allied activities; promotion of ICT-based solutions and microfinance initiatives; conducting research in agriculture and rural development; providing assistance to state governments on policy issues related to agriculture etc.
Who can avail loans from NABARD?
Loans from NABARD are generally offered to cooperatives, commercial banks, regional rural banks, public sector units as well as private sector units engaged in agricultural or allied activities including fisheries, forestry etc.
How can one apply for a loan from NABARD?
Interested applicants must first fill out an application form available on the official website of NABARD. After submitting the required documents along with the application form they will have to submit it either online or at their nearest branch office.
Where can I find more information about loans from NABARD?
Interested applicants can find detailed information about loans provided by NABARD on its official website www.nabard.org
Final Words:
National Bank for Agriculture and Rural Development (NABARD) is a crucial institution set up under the Government of India's aegis which helps farmers avail adequate fundsfor agricultural operations through various schemes such as Credit Support Programmes, Refinance Schemes etc. The bank also supports other initiatives such as Microfinance projects which provide numerous benefits across sectors such as education, healthcare etc., thus aiding in overall rural development.