{"id":69173,"date":"2025-10-15T16:48:41","date_gmt":"2025-10-15T11:18:41","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=69173"},"modified":"2025-10-15T16:49:01","modified_gmt":"2025-10-15T11:19:01","slug":"national-bank-for-agriculture-and-rural-development-nabard","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/national-bank-for-agriculture-and-rural-development-nabard\/","title":{"rendered":"National Bank for Agriculture and Rural Development (NABARD)"},"content":{"rendered":"

The National Bank for Agriculture and Rural Development (NABARD) stands as the cornerstone of India\u2019s rural financial ecosystem. As the apex development financial institution, it is dedicated to promoting sustainable, inclusive, and equitable growth across India\u2019s villages and agricultural landscapes. Established on July 12, 1982, through an Act of Parliament, NABARD was envisioned as an institution that would bridge the gap between policy, finance, and grassroots implementation paving the path toward rural prosperity. Headquartered in Mumbai, Maharashtra, NABARD has since been at the forefront of India\u2019s rural transformation by integrating financial support, developmental initiatives, and institutional reforms. Over the decades, it has evolved into a dynamic organization that not only facilitates rural credit but also empowers rural institutions, farmers, and entrepreneurs to thrive in an increasingly competitive economy. In this article, we are going to cover NABARD, its establishment, leadership, headquarters, functions and objectives and other major initiatives.<\/span><\/p>\n

NABARD<\/span><\/h2>\n

NABARD is India\u2019s principal institution for agriculture and rural development financing. It coordinates and monitors rural credit delivery, provides refinance to rural financial institutions, supports infrastructure creation, and guides policy interventions.<\/span><\/p>\n

The full form of NABARD is National Bank for Agriculture and Rural Development, a name that precisely encapsulates its core mandate developing agriculture and rural sectors through financial inclusion, institutional strengthening, and developmental support.<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Particulars<\/strong><\/td>\nDetails<\/strong><\/td>\n<\/tr>\n
\n

Full Form<\/span><\/p>\n<\/td>\n

\n

National Bank for Agriculture and Rural Development<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Nature<\/span><\/p>\n<\/td>\n

\n

Apex Development Financial Institution for Agriculture and Rural Development<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Established<\/span><\/p>\n<\/td>\n

\n

12 July 1982 (Under Act 61 of Parliament, 1981)<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Headquarters<\/span><\/p>\n<\/td>\n

\n

Mumbai, Maharashtra<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Chairman<\/span><\/p>\n<\/td>\n

\n

Mr. Shaji K. V (as of 2025)<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Ownership<\/span><\/p>\n<\/td>\n

\n

100% Government of India<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Vision<\/span><\/p>\n<\/td>\n

\n

Development Bank of the Nation for Fostering Rural Prosperity<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Mission<\/span><\/p>\n<\/td>\n

\n

Promote sustainable and equitable agriculture and rural development through financial and non-financial interventions<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Key Functions<\/span><\/p>\n<\/td>\n

\n

Credit provision, refinancing, supervision, policy support, and infrastructure funding<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Regional Offices<\/span><\/p>\n<\/td>\n

\n

31 Regional Offices + 1 Cell in Srinagar<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Training Establishments<\/span><\/p>\n<\/td>\n

\n

4 (covering Northern, Eastern & Southern regions)<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

District Development Managers<\/span><\/p>\n<\/td>\n

\n

415 operating across districts<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Partner Institutions<\/span><\/p>\n<\/td>\n

\n

Commercial Banks, RRBs, Cooperative Banks, NBFCs, NGOs, FPOs, State Governments<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Website<\/span><\/p>\n<\/td>\n

\n

www.nabard.org<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

NABARD Genesis and Establishment\u00a0<\/span><\/h2>\n

The origins of NABARD can be traced back to the Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD), chaired by Shri B. Sivaraman in 1979. The committee highlighted the need for a single, dedicated institution to integrate and oversee all agricultural and rural development financing functions.<\/span><\/p>\n

Acting on these recommendations, the Parliament passed the NABARD Act (61 of 1981), leading to the creation of the institution on 12 July 1982. The inauguration by Prime Minister Smt. Indira Gandhi marked a transformative moment in rural policy.<\/span><\/p>\n

NABARD took over:<\/span><\/p>\n