The National Bank for Agriculture and Rural Development (NABARD) is a top-level development financial institution in India, established in ___ to provide agricultural and rural credit.

🔑Key Points:
The National Bank for Agriculture and Rural Development (NABARD) is a premier development finance institution in India. I
t was established in July 1982 by an Act of the Indian Parliament, with an initial capital of 100 crore rupees, replacing the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of the Reserve Bank of India and the Agricultural Refinance and Development Corporation (ARDC).
NABARD's primary role is to provide and regulate credit and other facilities to improve agriculture and promote integrated rural development.
It is the apex institution for all matters relating to policy, planning, and operations in the field of credit for agriculture and other economic activities in rural areas. 

🔴Additional Information:

• Some of its key functions include:
It acts as a coordinating agency in the field of rural financing, working with the central and state governments, the Reserve Bank of India, and other national-level institutions concerned with policy formulation.   
It prepares rural credit plans annually for all districts in the country, with a goal of development through credit. 
It provides refinancing support to eligible institutions that provide investment and production credit for promoting various developmental activities in rural areas.
It provides training and research facilities for banks, cooperatives, and organizations working in the field of rural development.
It helps promote the key components of rural innovation, such as capacity building, financial inclusion, and institution building.