Money and banking

Indian Economic System

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Which is the apex bank for micro finance in India?

State Bank of India

Industrial Development Bank of India

Small Industries Development Bank of India

National Bank for Agriculture and Rural Development

Explanation:

National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India, headquartered at Mumbai with branches all over India. The Bank has been entrusted with "matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India". NABARD is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion.

By: Abhipedia

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