NABARD Full Form
Are you familiar with what Is the Full Form of NABARD? Candidates desirous to work in banking sector may know NABARD Full Form. It is also among the general knowledge question asked in banking exam. The full form of NABARD is National Bank for Agriculture and Rural Development. (नाबार्ड) bank set up in 12 July 1982 by an act of parliament to implement the National Bank for Agriculture and Rural Development Act 1981. Collect all information about NABARD Full Form in Hindi & English from below of page.
Headquarters of NABARD are located in Mumbai. Dr. Harsh Kumar Bhanwala acts as a Chairman of National Bank for Agriculture and Rural Development. This bank is set up to provide innovative credit support & aid in agricultural sector. It grants short and medium term loans to farmers with low or zero interest. Go through this page to gain more details about NABARD Full Form, functions of National Bank for Agriculture and Rural Development.
NABARD Full Form
Nabard Full Form In Hindi: “राष्ट्रीय कृषि और ग्रामीण विकास बैंक”
Nabard Full Form In English: “National Bank for Agriculture and Rural Development”
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Important facts about National Bank for Agriculture and Rural Development:
NABARD came into existence on 12th July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It is headquartered in Mumbai, Maharashtra and its branches are widespread all over the country. It is an apex development bank which provides help to small industries, agriculture, cottage industries and other small businesses. The initial capital of NABARD was 100 crore which later on reached to Rs. 4700 crore
Role of NABARD
Functions of NABARD:
NABARD Full Form is National Bank for Agriculture and Rural Development. It performs various roles which are prescribed here.
NABARD make arrangements for credit facilities for modern and ancient agriculture activities. With help of various schemes launched by this bank, many people get benefit in terms of finance.
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Provides Short and Medium Term Loans:
Production Credit Department is held responsible for providing short-term finance to diverse people of rural areas. Besides this, it also grants concessional finance facilities to the State Cooperative Banks. In addition to this, it also safeguards farmers by providing relief to them concerning damage of crops.
Grants Long Term Loans:
Through credit investment, National Bank for Agriculture and Rural Development promotes capital formation. With finance from this bank, farmers buy heavy machines like tractors & others. Thus, they are benefited by getting loans for Rural Housing, Renewable energy, small road, and water transport operators etc.
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