National Bank for Agriculture and Rural Development came into existence on

✅ Explanation: The National Bank for Agriculture and Rural Development (NABARD) was established on 12th July 1982 by a special act of the Parliament. It is an apex development finance institution in India that focuses on the development of the rural sector by providing credit and other financial facilities for agriculture and rural development.

🔑Key Points:
-Established on 12 July 1982, the National Bank for Agriculture and Rural Development (NABARD) is a Development Financial Institution or Bank which mainly focuses on the rural sector of India.
-NABARD was founded on the recommendations B.Sivaraman Committee.
-It was established to implement the National Bank for Agriculture and Rural Development Act 1981.
-It is responsible for Policy Planning and Operations concerning agriculture and economic activities in rural areas.
-Its headquarters is in Mumbai, Maharashtra.