National Bank for Agriculture and Rural Development (NABARD) was established on -

Correct option is C

The correct answer is (c) 12th July, 1982. The National Bank for Agriculture and Rural Development (NABARD) was established on 12th July, 1982. NABARD is a key financial institution in India focused on promoting sustainable agriculture and rural development.
Information Booster:
· NABARD: A development bank established to provide and regulate credit and other facilities for the promotion of agriculture, small-scale industries, cottage and village industries, and rural crafts.
· Role in Rural Development: NABARD plays a crucial role in implementing government initiatives aimed at improving the rural economy and enhancing agricultural productivity.
· Financial Support: It provides credit facilities to agriculture and rural development projects, supporting farmers, cooperatives, and rural enterprises.
· Infrastructure Development: NABARD also funds the construction of rural infrastructure, such as roads, irrigation systems, and storage facilities.
· Sustainable Development: The bank is involved in various initiatives that promote sustainable and eco-friendly agricultural practices.
Additional Information:
· Rural Credit in India: NABARD’s establishment marked a significant shift in India’s approach to rural credit, focusing on long-term development rather than just short-term financing.