Apex bank for agricultural in India?

Q.  Agricultural Bank of China is one of the 'big four' banks in China. Which bank is Apex body India for Agricultural Development?
- Published on 16 Feb 17

a. RRB
b. NHB
c. NABARD
d. RBI

ANSWER: NABARD
 
NABARD stands for National Bank for Agriculture and Rural Development.

NABARD is set up as an apex Development Bank by the Government of India with a mandate for facilitating credit flow for promotion and development of agriculture, cottage and village industries.

NABARD is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion.

In November 2016, Government has allowed NABARD to disburse Rs. 21,000 crore to cash-starved farmers, helping them sow winter crops like wheat ahead of the sowing season

National Bank for Agriculture & Rural Development (NABARD)

Founded : 12 July 1982
Headquarter : Mumbai, Maharashtra
Current Head : Dr. Harsh Kumar Bhanwala (Chairman)

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