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_________ is a central or apex institution for financing agricultural and rural sectors.
Question

_________ is a central or apex institution for financing agricultural and rural sectors.

A.

SIDBI

B.

IFCI

C.

NABARD

D.

EXIM Bank

Correct option is C

The National Bank for Agriculture and Rural Development (NABARD) is the central institution responsible for financing agricultural and rural sectors in India. It was established in 1982 to promote sustainable and equitable agriculture and rural development.
Important Key Points:
1. Establishment: Founded in 1982 by an Act of Parliament.
2. Role: Focuses on the development of agriculture and rural areas.
3. Functions: Provides financial support, refinancing, and consultancy services.
4. Rural Credit: Facilitates rural credit through various schemes and initiatives.
5. Sustainability: Promotes sustainable agricultural practices.
6. Capacity Building: Supports capacity building and institutional development.
7. Impact: Plays a crucial role in improving rural livelihoods and infrastructure.
Information Booster:
SIDBI: Small Industries Development Bank of India, focuses on MSMEs.
IFCI: Industrial Finance Corporation of India, provides financial support to industries.
EXIM Bank: Export-Import Bank of India, supports international trade.
NABARD: Apex institution for agricultural and rural development financing.

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