Money and Banking (part – II)

National Bank for Agriculture and Rural Development (NABARD) is the apex institution to provide finance for agriculture and rural development. It was established on 12 July, 1982 through Act 61 of 1981 of the Parliament. Its headquarters is located in Mumbai. NABARD as the apex institution provides refinance assistance to different financial institutions (like State Co-operative Banks, State Land Development Banks, Regional Rural Banks etc. ) for promoting agriculture and rural development activities.

National Bank for Agriculture and Rural Development (NABARD) is the apex institution to provide finance for agriculture and rural development. It was established on 12 July, 1982 through Act 61 of 1981 of the Parliament. Its headquarters is located in Mumbai. NABARD as the apex institution provides refinance assistance to different financial institutions (like State Co-operative Banks, State Land Development Banks, Regional Rural Banks etc. ) for promoting agriculture and rural development activities.

National Bank for Agriculture and Rural Development (NABARD) is the apex institution to provide finance for agriculture and rural development. It was established on 12 July, 1982 through Act 61 of 1981 of the Parliament. Its headquarters is located in Mumbai. NABARD as the apex institution provides refinance assistance to different financial institutions (like State Co-operative Banks, State Land Development Banks, Regional Rural Banks etc. ) for promoting agriculture and rural development activities.

National Bank for Agriculture and Rural Development (NABARD) is the apex institution to provide finance for agriculture and rural development. It was established on 12 July, 1982 through Act 61 of 1981 of the Parliament. Its headquarters is located in Mumbai. NABARD as the apex institution provides refinance assistance to different financial institutions (like State Co-operative Banks, State Land Development Banks, Regional Rural Banks etc. ) for promoting agriculture and rural development activities.

National Bank for Agriculture and Rural Development (NABARD) is the apex institution to provide finance for agriculture and rural development. It was established on 12 July, 1982 through Act 61 of 1981 of the Parliament. Its headquarters is located in Mumbai. NABARD as the apex institution provides refinance assistance to different financial institutions (like State Co-operative Banks, State Land Development Banks, Regional Rural Banks etc. ) for promoting agriculture and rural development activities.

National Bank for Agriculture and Rural Development (NABARD) is the apex institution to provide finance for agriculture and rural development. It was established on 12 July, 1982 through Act 61 of 1981 of the Parliament. Its headquarters is located in Mumbai. NABARD as the apex institution provides refinance assistance to different financial institutions (like State Co-operative Banks, State Land Development Banks, Regional Rural Banks etc. ) for promoting agriculture and rural development activities.

National Bank for Agriculture and Rural Development (NABARD) is the apex institution to provide finance for agriculture and rural development. It was established on 12 July, 1982 through Act 61 of 1981 of the Parliament. Its headquarters is located in Mumbai. NABARD as the apex institution provides refinance assistance to different financial institutions (like State Co-operative Banks, State Land Development Banks, Regional Rural Banks etc. ) for promoting agriculture and rural development activities.

National Bank for Agriculture and Rural Development (NABARD) was established in 1982. It provides refinance to Scheduled Commercial Banks, Regional Rural Banks (RRBs) and State Land Development Banks. NABARD does not provide refinance to Export -Import Bank.

NABARD is the nodal agency for implementing the 'Rural Infrastructure Development Fund Programmes'. The Rural Infrastructure Development Fund (RIDF) was created in 1995. 96 in NABARD, with an initial corpus of Rs. 2000 crore. NABARD releases the sanctioned amount for 39 eligible activities under RIDF on reimbursement basis except for the initial mobilisation advance @ 30% to North Eastern & Hilly States and 20% for the other States. With the allocation of Rs. 40,001.98 crore for 2022-23 under RIDF XXVIII, the cumulative allocation has reached Rs. 4,58,410.71 crore, including Rs. 18,500 crore under Bharat Nirman.

The first Regional Rural Bank 'Prathama Grameen Bank' was set up at Moradabad (U.P.) on 2nd October, 1975. Out of five initial stage RRBs in the country, remaining four were set up at Malda (West Bangal), Gorakhpur (U.P.), Bhiwani (Haryana) and Jaipur (Rajasthan).