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NABARD (National Bank for Agriculture and Rural Development) is aimed at
Question

NABARD (National Bank for Agriculture and Rural Development) is aimed at

A.

rural credit

B.

industrial credit

C.

urban credit

D.

All of the above

E.

None of the above/More than one of the above

Correct option is A

The correct answer is (a) rural credit

Explanation:

  • NABARD is primarily aimed at providing and regulating rural credit and agricultural financing in India.
  • It serves as the apex development financial institution established to promote sustainable agriculture and rural prosperity.
  • It acts as a refinancing agency for institutions providing investment and production credit in rural areas.

Information Booster:
  • NABARD was established on July 12, 1982, on the recommendations of the B. Sivaraman Committee.
  • It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of the Reserve Bank of India.
  • Its headquarters is located in Mumbai.

Additional Knowledge:
  • industrial credit (Option B)
    Institutions like SIDBI (Small Industries Development Bank of India) and IFCI are aimed at providing industrial credit.
  • urban credit (Option C)
    Regulated mainly by commercial banks and urban cooperative banks, rather than specialized rural institutions like NABARD.

So the correct answer is (a)

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