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What is the full form of NABARD?
Question

What is the full form of NABARD?

A.

National Agriculture Bank Authority for Rural Development

B.

National Bank for Agriculture and Regional Development

C.

National Bank for Agriculture and Rural Development

D.

National Bank for Rural Development

Correct option is C

The correct answer is (c) National Bank for Agriculture and Rural Development.

NABARD stands for National Bank for Agriculture and Rural Development.

Information Booster:

NABARD is a development bank in India that was established in 1982 by an Act of Parliament. NABARD's mission is to promote sustainable and equitable rural development and agriculture.

NABARD's work includes:

  • Providing and regulating credit and other facilities for the development of agriculture, small-scale industries, and other rural activities
  • Promoting rural entrepreneurship and microfinance
  • Developing banking technology
  • Improving the health of RFIs in association with the Government of India and Reserve Bank of India

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