National Bank for Agriculture and rural development (NABARD)-:

What is full form of NABARD & Who is CEO OF NABARD?
The full form of NABARD is National Bank for Agriculture & Rural Development; and the CEO OF NABARD IS Shri Shji K V .

NABARD Act, and established & Committee.
NABARD Act was passed in 1981 but it was set up in 1982. It was set up as a Development Bank under
Sivaraman Committee recommendation. It was set up as a 50-50 joint venture by RBI and Government of India. The total capital investment was of rupees 100 crore. However, the RBI has brought down its holding in NABARD in 2018. Now the Government of India holds 100% stake in NABARD.

About NABARD-
It acts as a refinance agency. It means that the government of India infuses money in NABARD and
NABARD provides loans to those banks which provide loan for agriculture and rural development.
However, NABARD can also do direct lending to state governments, corporates, cooperative society etc. for
setting up food processing units, food parks etc. and also for developmental activities.

NABARD headquarters 
NABARD has it’s headquarter located in Mumbai and it mainly has its branches in state capitals. The minute details of even Kisan Credit Card have also been prepared by NABARD only. It supervises State Cooperative Banks (SCBs), District Cooperative Central Banks (DCCBs), and Regional Rural Banks (RRBs) and conducts statutory inspections of these banks.

What is role of NABARD?
 NABARD has played an important role in rural development by providing credit facility. It provides credit to financial institutions for a wide range of
activities including farm and non-farm activities with tenure of 18 months to more than 5 years. NABARD
manages and controls the Rural Infrastructure Development Fund (RIDF). Warehouse Infrastructure Fund (WIF), Food Processing Fund, Producer Organization Development Fund (PODF) for Producer
Organizations and Primary Agriculture Credit Society (PACS) etc also comes under NABARD.

What is purpose of NABARD?
NABARD started SHG-Bank Linkage Programme to encourage Indian banks for lending to self-help groups
(SHGs). Through KCC, Rupay Kisan Card etc it has made availability of institutional credit easier. By
promoting Incubation Centers, Skill Development, Climate Resilient Agriculture etc it is supporting
innovation in agriculture sector.
Through NABARD (Amendment) Act 2017, the Central Government has increased the capital for NABARD
to 30,000 crore rupees from earlier 5000 crore rupees. By this act the shares of NABARD was transferred
from RBI to Government of India. The amended act has given the responsibility of providing loans and
support regarding machinery and instruments for manufacturing sector with up to 10 crore investment
and service sector with up to 5 crore investment.

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