Q.What are the functions of NABARD ?

NABARD is the apex bank for agriculture and rural development; it refinances, coordinates and supervises rural credit and promotes rural development.

NABARD (National Bank for Agriculture and Rural Development) was established in 1982 as the apex institution for rural credit. Its main functions are:

• Refinancing: it provides refinance (both short-term and long-term) to co-operative banks, Regional Rural Banks and commercial banks for agricultural and rural lending.
• Coordination: it coordinates the rural financing activities of all institutions engaged in developmental work at the field level, and maintains links with the RBI and the Government.
• Supervision: it inspects and supervises co-operative banks and RRBs. …