NABARD or National Bank for Agriculture and Rural Development is an apex development bank in India with RBI having majority stake in it.

• Its headquarters is in Mumbai, Maharashtra.
• It was established on recommendations of Shivaraman Committee to implement the NABARD Act, 1981.
• The amendments have been sought to increase the authorised capital of NABARD from present Rs. 5,000 crore to Rs. 30,000 crore and beyond, if necessary (in consultation with RBI).

The amendment will also transfer the 0.4% equity of RBI in NABARD to Union Government thereby settling alleged conflict of interest between role of RBI as regulator of banks as well as stakeholder in NABARD.