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Current affairs for NABARD exam
NABARD is a Development Bank with a mandate for providing and regulating credit and other facilities for the promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting integrated rural development and securing prosperity of rural areas, and for matters connected therewith or incidental thereto.
In discharging its role as a facilitator for rural prosperity, NABARD is entrusted with Providing refinance, promoting institutional development and evaluating, monitoring and inspecting the client banks
Besides this pivotal role, NABARD also acts as a coordinator in the operations of rural credit institutions, Extends assistance to the government and others in matters relating to rural development, Offers training and research in the field of rural development and acts as regulator for cooperative banks and RRBs