Financial Institutions

Finance (Phase -I & II)

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Agricultural Bank of China is one of the 'big four' banks in China. Which bank is Apex body India for Agricultural Development?

RRB

NHB

NABARD

RBI

Explanation:

NABARD stands for National Bank for Agriculture and 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.

NABARD is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion.

In November 2016, Government has allowed NABARD to disburse Rs. 21,000 crore to cash-starved farmers, helping them sow winter crops like wheat ahead of the sowing season

National Bank for Agriculture & Rural Development (NABARD)

Founded : 12 July 1982
Headquarter : Mumbai, Maharashtra

By: Yachna

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