The apex refinance institution for agriculture and rural development is

Correct option is C

Correct answer – (c)
NABARD is India’s apex rural refinance institution.

Key Roles and Functions:

Refinancing: Provides loans and advances to cooperative banks and Regional Rural Banks (RRBs) for production, marketing, and investment activities.

Credit Coordination: Coordinates rural credit activities and maintains liaison with government bodies and the RBI.

Developmental Support: Supports infrastructure, promotes microfinance (like Self-Help Groups), and fosters rural entrepreneurship.

Information Booster / Facts
Established in 1982.
Why other options are incorrect
(a) RBI is a central bank.
(b) World Bank is an international agency.
(d) AFC is a financing corporation, not apex.