Скачать или смотреть About NABARD (National Bank for Agriculture and Rural Development)🥦🌽🥬|| by Information Corridor

About NABARD || NABARD Ke ware mein🥦🌽🥬 || Work of NABARD || by Information Corridor
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About NABARD:

NABARD (National Bank for Agriculture and Rural Development) is an apex development financial institution in India that aims to promote sustainable and equitable agriculture and rural development. It was established on 12 July 1982 by an Act of Parliament with the mandate to provide credit and other support to the agriculture and rural sectors in India.

NABARD's vision is to be a world-class development bank that catalyzes rural prosperity. Its mission is to promote sustainable and equitable agriculture and rural development through effective credit support, related services, institutional development, and other innovative initiatives.

NABARD's activities cover the entire gamut of rural development, including agriculture, allied activities, and rural non-farm sector activities. It provides financial assistance and other support to farmers, rural entrepreneurs, self-help groups, rural artisans, and other rural institutions.

NABARD's major functions include:

1. Credit Support: NABARD provides refinance assistance to banks, cooperative banks, and regional rural banks for financing agriculture and rural development activities. It also provides direct lending to eligible institutions and individuals for undertaking specific activities.

2. Developmental Functions: NABARD plays a crucial role in promoting sustainable agriculture and rural development through a range of activities such as watershed development, soil conservation, water management, and renewable energy.

3. Supervisory Functions: NABARD supervises the functioning of cooperative banks and regional rural banks in India to ensure their financial soundness and viability.

4. Capacity Building: NABARD provides technical assistance and training to farmers, rural entrepreneurs, and other rural institutions to enhance their capacity and skills.

NABARD has been instrumental in transforming rural India through its various initiatives. Some of the key initiatives undertaken by NABARD are:

1. Rural Infrastructure Development Fund (RIDF): This fund was established to provide credit assistance to state governments for rural infrastructure projects such as irrigation, rural roads, and rural electrification.

2. Farmers' Clubs: NABARD has promoted the formation of Farmers' Clubs to encourage farmer entrepreneurship and self-help.

3. Watershed Development: NABARD has been actively involved in promoting watershed development activities to conserve soil and water resources and enhance rural livelihoods.

4. Joint Liability Groups (JLGs): NABARD has promoted the formation of JLGs to provide credit support to small and marginal farmers who are unable to provide collateral.

5. Self Help Groups (SHGs): NABARD has been instrumental in promoting the formation of SHGs to encourage rural entrepreneurship and self-help.

NABARD has played a crucial role in ensuring the financial inclusion of rural India. It has also been at the forefront of promoting sustainable agriculture and rural development through its various initiatives. Its role in transforming rural India cannot be overstated, and it will continue to play a crucial role in the country's overall development.

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