Which of the following statements is are correct NABARD It is a statutory body established under the...........

Rajasthan Economy

Which of the following statements is/are correct?

NABARD It is a statutory body established under the National Bank for Agriculture and Rural Development Act, 1981.
It is headquartered in New Delhi.

1 only

2 only

Both

None

National Bank for Agriculture and Rural Development (NABARD)

NABARD is a development bank focussing primarily on the rural sector of the country.

It is the apex banking institution to provide finance for agriculture and rural development.

Its headquarter is located in Mumbai.

It is responsible for the development of the small industries, cottage industries, and any other such village or rural projects.

It is a statutory body established in 1982 under Parliamentary Act-National Bank for Agriculture and Rural Development Act, 1981.

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