Correct option is C
The correct answer is (C) NABARD.
Explanation:
NABARD (National Bank for Agriculture and Rural Development) is an apex financial institution that focuses on promoting sustainable and equitable agriculture and rural development. It plays a critical role in providing financial assistance for agricultural and rural development projects, improving infrastructure, and supporting rural livelihoods.
Information Booster:
NABARD was established in 1982 to promote sustainable agriculture and rural development in India.
NABARD provides financial support to rural enterprises, farmers, and microfinance institutions to improve agricultural practices and infrastructure.
It plays a crucial role in implementing government schemes such as Kisan Credit Cards (KCC), Rural Infrastructure Development Fund (RIDF), and Financial Inclusion Programs.
NABARD also assists in capacity building and improving farm productivity through technical assistance and research support in rural areas.
The NABARD Act 1981 laid the foundation for its creation, focusing on strengthening rural credit and promoting agricultural sustainability.
Additional Knowledge:
RBI: The Reserve Bank of India (RBI), established in 1935, is the central banking institution of India, responsible for managing the country's monetary policy, controlling inflation, and overseeing the banking sector. It plays a key role in financial stability and currency management.
SBI: The State Bank of India (SBI), established in 1955, is India's largest commercial bank, with branches across the country and internationally. It provides a wide range of financial services, including agriculture loans, home loans, and business financing.
Regional Rural Banks (RRBs): These were established under the RRB Act of 1976 to provide financial services to rural areas, promoting financial inclusion and supporting the agriculture and small-scale industries sectors.
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