During which Five Year Plan was the National Bank for Agriculture and Rural Development established according to the recommendation of the Shivaraman Committee?

Correct option is C

NABARD was established in 1982, during the Sixth Five-Year Plan (1980–85), based on the recommendations of the Shivaraman Committee. It aims to support rural development and finance agricultural activities.

Information Booster:

1. NABARD provides credit for rural development projects.
2. Focuses on infrastructure, irrigation, and agricultural productivity.
3. Plays a pivotal role in SHG (Self Help Group) promotion.
4. Supports cooperatives and rural banks.
5. Contributes to rural entrepreneurship and financial inclusion.
6. Integral to implementing government schemes like PM-KISAN.

Additional Knowledge:

• Fifth Plan: Focused on poverty eradication (not NABARD’s establishment).
• Fourth Plan: Emphasized industrial growth.
• Third Plan: Focused on agriculture and defense (NABARD not established).