The head office of National Bank for Agriculture and Rural Development (NABARD) is located at ___________.

Correct option is B

The correct answer is (b) Mumbai

Explanation:

• The headquarters of the National Bank for Agriculture and Rural Development (NABARD) is located in Mumbai, Maharashtra.

• NABARD was established on July 12, 1982, by an Act of Parliament to implement the NABARD Act, 1981.

• It was set up based on the recommendations of the B. Sivaraman Committee.

• It is the apex development bank in India for rural and agricultural credit, having taken over the functions of the Agricultural Credit Department of the RBI.

• NABARD provides refinance support for building rural infrastructure and promotes sustainable agriculture.

Information Booster:

• It is now fully owned by the Government of India.

• One of its major functions is the supervision of Regional Rural Banks (RRBs) and Cooperative Banks.