T.Y.B.COM | SEM 6 | Economics - NABARD | VNSGU | скачать в хорошем качестве

T.Y.B.COM | SEM 6 | Economics - NABARD | VNSGU |

Introduction NABARD (NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT) NABARD was established on the recommendations of B. Sivaramman Committee, (by Act 61, 1981 of Parliament) on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It is one of the premier agencies providing developmental credit in rural areas. NABARD is India's specialised bank for Agriculture and Rural Development in India its head office at Mumbai, India. *FUNCTIONS OF NABARD: 1. The National Bank is working as an apex body for meeting the credit requirements of the rural sector in the form of production and investment credit to agricultural, small scale and village industries, rural crafts, artisans and other allied economic activities. 2. The Bank provides short-term, medium-term and long term credit to state co-operative banks, RRBs, land development banks and commercial banks for its investment in agricultural and other allied sectors. 3. The Bank gives long-term assistance to state Governments (up to 20 years) for subscribing to the share capital of co-operative credit institutions. 4. The Bank has the responsibility of inspecting state cooperative banks and RRBs (Regional Rural Banks). 5. It provides long term loans to the institutions which are approved by the Central Government or may contribute to the share capital or invest in securities of any type of institution connected with agriculture and rural development. 6. The Bank is also coordinating the activities of central and state Governments, the Planning Commission and all other all-India and State level institutions which are entrusted with the development of small scale, village and cottage industries, rural crafts and other industries in the tiny and unorganised sector. 7. The Bank also maintains a Research and Development Fund in order to promote research in agriculture and rural development, and also to formulate and design projects and programmes to suit the requirements of different areas. 8. The Bank has effectively brought in a number of Innovations in the Rural credit domain in recent years such as: i. Promotion of Self-Help Group. ii. Farmers Clubs. iii. Rural Infrastructure Development Fund. iv. Watershed Development. v. Kisan Credit Card. vi. District Rural Industries Project. #nabard #bcomsem6 #vnsgu #icai #agriculture #ruraldevelopment