Question: Headquarters of NABARD is at _________
Options:
Delhi
Kolkata
Chennai
Mumbai
🔑 Key Points
NABARD (National Bank for Agriculture and Rural Development)
→ It was established on 12 July 1982 (6* FYP)
→ Headquarters – Mumbai.
→ NABARD is set up as an apex development bank.
→ It also has the mandate to support all other allied economic activities to promote integrated and sustainable rural development and secure the prosperity of rural areas.
NABARD (National Bank for Agriculture and Rural Development)
→ It was established on 12 July 1982 (6* FYP)
→ Headquarters – Mumbai.
→ NABARD is set up as an apex development bank.
→ It also has the mandate to support all other allied economic activities to promote integrated and sustainable rural development and secure the prosperity of rural areas.
🔑 Important Points
🟢 Functions of NABARD
→ Credit Functions:
→ Refinance to Banks
→ Co-finance in association with banks
→ Direct Loan to State Government from Rural Infrastructure Development Fund
→ Grant cum credit program
→ Venture Capital Assistance to Dairy and Poultry
→ Regulatory Functions:
→ Regional Rural Banks
→ Cooperative Banks