Must know concept for NABARD : NABARD

By Ranita Mukherjee|Updated : January 23rd, 2020

Dear Aspirants, 

With NABARD Grade A 2020 exam to be scheduled for 25th February 2020, you must be having a thousand questions about this apex organization. Today we will discuss the basic information of NABARD. 

NABARD 

Introduction

  • NABARD – National Bank for Agriculture and Rural Development
  • The committee related to the formation of NABARD - Reserve Bank of India (RBI) at the insistence of the Government of India, constituted a Committee to Review the Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD) the Committee was formed on 30 March 1979, under the Chairmanship of Shri B. Sivaraman, former member of Planning Commission, Government of India.  
  • The Committee’s report outlined the need for a new organizational device for providing attention and focus to credit-related issues linked with rural development. Its recommendation was the formation of a unique development financial institution that would address these aspirations and formation of the National Bank for Agriculture and Rural Development (NABARD) was approved by the Parliament through Act 61 of 1981.
  • NABARD came into existence on 12 July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC).
  • NABARD has its headquarters in Mumbai.
  • It was set up with an initial capital of Rs.100 crore, its’ paid-up capital stood at Rs. 5,000 crores as on 31 March 2016.
  • Consequent to the revision in the composition of share capital between the Government of India and RBI, NABARD today is fully owned by the Government of India. 

VISION- Development Bank of the Nation for Fostering Rural Prosperity.

MISSION-Promote sustainable and equitable agriculture and rural development through participative financial and non-financial interventions, innovations, technology and institutional development for securing prosperity.

BOARD OF DIRECTORS

NABARD's affairs are governed by a Board of Directors. The Board of Directors is appointed by the Government of India in consonance with NABARD Act. At present Dr. Harsh Kumar Bhanwala is the Chairman of the National Bank for Agriculture and Rural Development (NABARD) since December 18, 2013.

Function of NABARD

The functions of NABARD can be divided into three heads:

  • Financial Functions
  • Developmental Function
  • Supervisory functions 
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Posted by:

Ranita MukherjeeRanita MukherjeeMember since Apr 2019
An engineer turned writer who likes to help competitive exam aspirants with their doubts.
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Bob

BobMar 31, 2018

After NABARD Amendment Act the authorised capital is 30000 now.
Abhi tiwari

Abhi tiwariMar 31, 2018

thank you mam@Priyanshu Maheshwari
Shivam Goswami
Prelims previous year pepar of nabard  grade A if anyone have plz give link 
Vartika Kandpal
@Priyanshu Maheshwari Hello mam, my aggregate percentage in graduation is 70.40 . What should I fill in form 70 or 80. It is mentioned in notification that 59.99 will be treated as 60. Please help, today is last date.
...Read More
Divya Resi

Divya ResiMay 1, 2018

Man how can get full marks in reasoning and quantitative
Manjusha Priya
Thank you 😊
Chinni Harika
Pla provide nabard assistant manager material in agriculture subject
priyanka

priyankaJan 23, 2020

esi k notes h kisi k pass?

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