Which of the following statements is/are true about NABARD?

I NABARD was formed on the recommendation of Sivaraman Committee.

II. NABARD came into existence in 1980. III. It was set up with an initial capital of ₹100 crore.

Correct option is D

• NABARD stands for National Bank for Agricultural and Rural Development. It was established on July 12, 1982.
• It was established during the Sixth Five Year Plan, which was from 1980–1985. NABARD's headquarters are in Mumbai.
• It's main focus is to develop rural India by increasing the development of agricultural and rural non-farming sectors.
• It was formed on the recommendation of the Sivaraman Committee.
• The National Bank for Agriculture and Rural Development (NABARD) was established in 1982 with an initial capital of ₹100 crore.