Question
Download Solution PDFWhat is the share of Government of India in NABARD?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 99%.
- 99% of the share of Government of India in NABARD.
Key Points
- The Committee was formed on 30 March 1979, under the Chairmanship of Shri B. Sivaraman, a former member of the Planning Commission, Government of India.
- National Bank For Agriculture & Rural Development (NABARD) is set up as an apex Development Bank by the Government of India with a mandate for facilitating credit flow for promotion and development of agriculture, cottage, and village industries.
- The NABARD its headquarters is located in Mumbai. And its agency executive (Chairperson) is Harsh Kumar Bhanwala.
Additional Information
- Key Achievements of NABARD are:
- Provision of refinances support.
- Improving rural infrastructure.
- Preparation of credit plans at a district level and encouraging banks to achieve these targets.
- Supervision of Regional Rural Banks (RRBs) and Cooperative Banks.
- Development of sound banking practices within the economically backward sections of India.
- NABARD has designed the Kisan Credit Card that has benefitted crores of farmers in the country.
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