What is the share of Government of India in NABARD?

This question was previously asked in
RRC Group D Previous Paper 59 (Held On: 31 Oct 2018 Shift 2)
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  1. 75%
  2. 50%
  3. 99%
  4. 85%

Answer (Detailed Solution Below)

Option 3 : 99%
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Detailed Solution

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The 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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