Wednesday, April 25, 2012

NABARD

Here are some useful details about National Bank for Agriculture and Rural Development (NABARD) :
  • Established on 12th July 1982 on the recommendation of CRAFICARD committee (also called as Sivaraman Comittee)
    • CRAFICARD - Committee for review of arrangements for institutional credit for agriculture and rural development.
  • For Agricultural finance, NABARD is the apex organization
    • Chairman : Prakash Bhakshi
    • Head Quarters : Mumbai
  • It assists Cooperative Banks, RRBs, Land Development Banks & Scheduled Commercial banks in lending to farmers, rural artisans and other non-farmers in rural areas and to the State Governments for minor irrigation.
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