NABARD Full Form
Do you know NABARD Full Form in Hindi and English? If no, then you can get complete information like What Is the Full Form of NABARD, its establishment date, function details and other information from here.
Those, who’re not familiar with NABARD Full Form Name and desirous to work in banking sector, must know the Full Form Of NABARD. The NABARD Bank Full Form is 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”
RDBS Full Form In NABARD: “Rural Development Banking Service”
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Why Short forms Are Used?
Nowadays, most of the big organization and banks uses abbreviate words because an abbreviation is a shortened form of a word or phrase, used to represent a longer, often-used word or phrase.
At present, it is the trend of using abbreviation and it is also among the general knowledge question asked in banking / competitive exam. Collect all information about NABARD Full Form from below of this page, which is created by team of recruitmentresult.com.
Important facts about National Bank for Agriculture and Rural Development:
NABARD(नाबार्ड) came into existence on 12th July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It’s 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.
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.
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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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