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)