Table of Contents
Who is the head of nabard?
Dr. G.R. Chintala
Dr. G.R. Chintala is the Chairman of National Bank for Agriculture and Rural Development (NABARD) with effect from 27 May 2020.
Where was nabard set up?
46, NABARD Towers, Kempe Gowda Road, Karnataka. Bangalore.
Who is the first chairman of nabard?
A major contributor to this article appears to have a close connection with its subject.
| Taking Rural India >> Forward | |
|---|---|
| Predecessor | Agricultural Refinance and Development Corporation |
| Owner | Ministry of Finance , Government of India |
| Chairman | Govinda Rajulu Chintala |
| Website | www.nabard.org |
Which banks comes under nabard?
Institutional Development
- Regional Rural Banks (RRBs)
- State Cooperative Banks (StCBs)
- District Central Cooperative Banks (DCCBs)
- Primary Agricultural Credit Societies (PACS)
- State Cooperative Agriculture and Rural Development Banks (SCARDBs)
- Primary Cooperative Agriculture and Rural Development Banks (PCARDBs)
What is Genesis of NABARD?
NABARD came into existence on 12 July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC). It was dedicated to the service of the nation by the late Prime Minister Smt. Indira Gandhi on 05 November 1982.
Is NABARD under RBI?
To support Indian Rural economy with credit facility, RBI was apex body before formation of NABARD. It resulted in making NABARD as an apex development financial institution in India. The NABARD’s role is basically a continuation of the RBI role in the sphere of Agriculture and Rural Development.
Who set up NABARD?
Shri B. Sivaraman
The Committee was formed on 30 March 1979, under the Chairmanship of Shri B. Sivaraman, former member of Planning Commission, Government of India.
Which one is not a work of NABARD?
Therefore, to promote research in various aspects of the problems of urban development is not the function of NABARD.
What is the salary of NABARD grade A officer?
The aspirants who are elected as NABARD Grade “A” officers will take an In-Hand Salary of INR 62,600/- per month..
What is NABARD in English?
National Bank for Agriculture and Rural Development (NABARD) was established on 12 July 1982 by an Act of the Parliament.
Where is the headquarter of NABARD in India?
The bank is under the supervision of a Board of Directors which the Government of India will appoint. The headquarters of NABARD is in Mumbai but it has many branches and regional divisions. NABARD is instrumental in the development and efficiency of the current rural credit system.
What is the authorized share capital of NABARD?
The authorized share capital is Rs.30,000 crore. International associates of NABARD include World Bank -affiliated organisations and global developmental agencies working in the field of agriculture and rural development.
What was the initial amount of NABARD bank?
Through Act 61 of 1981, the Parliament approved the setting up of NABARD which came into existence on July 12, 1982. What was the initial amount with which NABARD started? It was Rs 100 crore.
How does NABARD help in rural development in India?
NABARD is instrumental in the development and efficiency of the current rural credit system. Over half the credit in the rural region comes from Co-operative banks and Regional Rural Banks. NABARD is responsible for regulating and supervising the functioning of such banks.