NABARD- Forming Core of Banking Infrastructure in Rural Areas

Q.  Which of the following sets up core banking infrastructure for rural banks?
- Published on 20 Jul 15

a. IBA
b. NABARD
c. RBI
d. SIDBI

ANSWER: NABARD
 
National Bank for Agriculture and Rural Development has set up joint liability groups (JLG) of farmers to facilitate delivery of credit to farmers. Providing refinance to State Co-operative Banks, Scheduled Commercial Banks and Regional Rural Banks; co-ordinating the activities of different agencies in the field of agriculture and rural credit; improving absorptive capacity of credit delivery system are the major activities of NABARD.

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