What is the full form of NABARD?

Correct option is B

The correct answer is (b) National Bank for Agriculture and Rural Development.
· NABARD stands for National Bank for Agriculture and Rural Development.
· It was established in 1982 as an apex development bank in India with the aim of providing credit and other financial services to promote agriculture, rural development, and allied sectors.
· NABARD plays a crucial role in promoting sustainable rural development by supporting small-scale industries, cottage industries, and various programs related to rural infrastructure.
Information Booster:
· NABARD was set up under the National Bank for Agriculture and Rural Development Act, 1981.
· It provides refinancing support to institutions involved in credit delivery to enhance agricultural and rural economic development.
· NABARD also focuses on improving rural infrastructure, microfinance, and innovation in agricultural practices.
· The organization plays a key role in overseeing the Rural Infrastructure Development Fund (RIDF).
· NABARD also supports rural cooperatives, farmer producer organizations (FPOs), and self-help groups (SHGs).