The National Bank for Agriculture and Rural Development (NABARD) is a financial institution established in 1982 under an Act of Parliament. Its primary objective is to promote sustainable and equitable agriculture and rural development in India by providing financial and developmental assistance to farmers, rural entrepreneurs, and other stakeholders in the rural economy.
NABARD provides a wide range of financial products and services to farmers and rural entrepreneurs, including crop loans, term loans, investment credit, and other related services. It also provides developmental assistance to promote rural entrepreneurship and development, such as capacity building, rural infrastructure development, and other related services.
NABARD has established various schemes and programs to support the growth and development of agriculture and rural development in India. Some of its schemes include the Rural Infrastructure Development Fund (RIDF), the Farmers’ Club Program, and the Watershed Development Fund.
NABARD also partners with other institutions and organizations to support agriculture and rural development in India. It has established partnerships with institutions such as the World Bank, the Asian Development Bank, and the International Fund for Agricultural Development (IFAD).
NABARD has been recognized for its contribution to the development of agriculture and rural development in India and has received several awards for its excellence in banking and financial services.
In conclusion, NABARD is a financial institution in India that promotes sustainable and equitable agriculture and rural development in the country. It provides a wide range of financial products and services to farmers and rural entrepreneurs and provides developmental assistance to promote rural entrepreneurship and development. NABARD has established various schemes and programs to support the growth and development of agriculture and rural development in India and partners with other institutions and organizations to support its mission. It has been recognized for its contribution to the development of agriculture and rural development in India.