NABARD – National Bank for Agriculture and Rural Development
National Bank for Agriculture and Rural Development was established by an act of Parliament on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981.
NABARD is an apex Development Bank that facilitates credit flow for development of small industries, agriculture, cottage industries, and other small businesses in rural areas. It is Headquartered in Mumbai, Maharashtra with its branches located all over the country.
NABARD was setup with an objective to provide credit facilities for economic activities and serve as a refinancing institution for institutional credit in rural areas. It can also provide direct lending to any institution approved by the Central Government.
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