National Bank for Agriculture and Rural Development | NABARD


NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts. It also has the mandate to support all other allied economic activities in rural areas, promote integrated and sustainable rural development and secure prosperity of rural areas. In discharging its role as a facilitator for rural prosperity

NABARD is entrusted with 
  • Providing refinance to lending institutions in rural areas    
  • Bringing about or promoting institutional development and    
  • Evaluating, monitoring and inspecting the client banks

   
Besides this pivotal role, NABARD also:    
  • Acts as a coordinator in the operations of rural credit institutions    
  • Extends assistance to the government, the Reserve Bank of India and other organizations in matters relating to rural development    
  • Offers training and research facilities for banks, cooperatives and organizations working in the field of rural development
  • Helps the state governments in reaching their targets of providing assistance to eligible institutions in agriculture and rural development
  • Initiates measures toward institution-building for improving absorptive capacity of the credit delivery system, including monitoring, formulation of rehabilitation schemes, restructuring of credit institutions, training of personnel, etc.
  • Coordinates the rural financing activities of all the institutions engaged in developmental work at the field level and maintains liaison with the government of India , State governments, the Reserve Bank of India and other national level institutions concerned with policy formulation
  • Prepares, on annual basis, rural credit plans for all the districts in the country. These plans form the base for annual credit plans of all rural financial institutions
  • Undertakes monitoring and evaluation of projects refinanced by it
  • Promotes research in the fields of rural banking, agriculture and rural developmentF
  • Functions as a regulatory authority, supervising, monitoring and guiding cooperative banks and regional rural banks

0 comments: