265. NABARD Full-Form | What is National Bank for Agriculture and Research (NABARD)

NABARD Full-Form | What is National Bank for Agriculture and Research (NABARD)

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NABARD

The (abbreviation) full form of NABARD is National Bank for Agriculture and Research

NABARD Full Form, Abbreviation And Meaning

Headquartered in Mumbai, NABARD is India’s specialized bank for Agriculture and Rural Development in India.]

NABARD Full-Form | What is National Bank for Agriculture and Research (NABARD)

It was established by the recommendation of CFRAFICARD (Committee to Review Arrangements for Institutional Credit for Agricultural and Rural Development), set up by RBI (Reserve Bank of India) under the Chairmanship of Shri B. Sivaram on July 1982.

The main focus of NABARD was to uplift rural India by increasing the credit flow for elevation of agriculture and rural non-farm sector. The role of NABARD is to look after the development of the cottage industry, small industry, village industry and other rural industries.

The mission of NABARD:

Promote sustainable and equitable agriculture and rural prosperity through effective credit support, related services, institution development and other innovative initiatives.

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