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Which of the following statements is not true for NABARD?
Question

Which of the following statements is not true for NABARD?

A.

NABARD provides loans to individuals.

B.

NABARD encourages research work related to agriculture and rural development.

C.

NABARD supervises Cooperative Banks and Regional Rural Banks.

D.

The Cooperative Development Fund (CDF) was established by NABARD on February 2nd, 1993.

Correct option is A


· NABARD (National Bank for Agriculture and Rural Development) does not provide direct loans to individuals; it finances banks and institutions for rural development.
· It supports agriculture-related research, provides refinancing to banks, and promotes rural infrastructure projects.
· NABARD also supervises cooperative banks and regional rural banks to ensure rural credit flow.

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