Consider the following statements NABARD provides refinance support for building rural infrastructur...........

Rajasthan Economy

Consider the following statements:

NABARD provides refinance support for building rural infrastructure.
It also prepares district level credit plans to guide the banking industry in achieving these targets.

Which of the above statements is/are correct?

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.

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

NABARD is aimed at building an empowered and financially inclusive rural India through specific goal oriented departments.

Its approach can be categorized broadly into three heads: Financial, Developmental and Supervision.

It provides refinance support for building rural infrastructure.

It prepares district level credit plans to guiding and motivating the banking industry in achieving these targets.

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