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Which of the following is not a function of NABARD (National Bank for Agriculture and Rural Development)?
Regulating Rural financial institutions
Loans for Food Parks and Food Processing Units in Designated Food Parks
Supervising schemes for farmer welfare like MGNREGA
Advancing Loans to Warehouses, Cold Storage and Cold Chain Infrastructure
Supervising implementation of rural schemes is not a function of NABARD.
Functions of NABARD
Credit Functions: Framing policy and guidelines for rural financial institutions. Providing credit facilities to issuing organizations Monitoring the flow of ground level rural credit. Preparation of credit plans annually for all districts for identification of credit potential.
Development Functions: Help cooperative banks and Regional Rural Banks to prepare development actions plans for themselves. Help Regional Rural Banks and the sponsor banks to enter into MoUs with state governments and cooperative banks to improve the affairs of the Regional Rural Banks. Monitor implementation of development action plans of banks. Provide financial support for the training institutes of cooperative banks, commercial banks and Regional Rural Banks. Provide financial assistance to cooperative banks for building improved management information system, computerisation of operations and development of human resources.
Supervisory Functions: Undertakes inspection of Regional Rural Banks (RRBs) and Cooperative Banks (other than urban/primary cooperative banks) under the provisions of Banking Regulation Act, 1949. Undertakes inspection of State Cooperative Agriculture and Rural Development Banks (SCARDBs) and apex non- credit cooperative societies on a voluntary basis. Provides recommendations to Reserve Bank of India on issue of licenses to Cooperative Banks, opening of new branches by State Cooperative Banks and Regional Rural Banks (RRBs). Undertakes portfolio inspections besides off-site surveillance of Cooperative Banks and Regional Rural Banks (RRBs).
Direct Finance
Loans to Warehouses, Cold Storage and Cold Chain Infrastructure
Credit Facilities to Marketing Federations
Rural Infrastructure Development Fund
Direct Refinance to Cooperative Banks
Long Term Irrigation Fund
Financing and Supporting Producer Organisations
More Direct Finance
Alternative Investment Funds
By: Vishal ProfileResourcesReport error
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