NABARD

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NABARD
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT

Genesis
National Bank for Agriculture and Rural Development (NABARD) was established by an Act of the Parliament on 12 July 1982. The agriculture credit functions of the Reserve Bank of India (RBI) and renance functions of the then Agricultural Renance and Development Corporation (ARDC) were transferred to NABARD on its formation.
Capital structure
The paid up capital of NABARD is Rs.2,000 crore, subscribed by the GoI and RBI at Rs.550 crore and Rs.1,450 crore respectively.
Management Structure
The management of NABARD is vested with a Board of Directors comprising the Chairman, Managing Director, representatives of RBI, GoI, State Governments, and Directors appointed by the GoI. Composition of Board of Directors

Mission
Promote sustainable and equitable agriculture and rural prosperity through effective credit support, related services, institution development and other innovative initiatives.
Chairman Three Directors from amongst experts in rural economics, rural development, village and cottage industries, small scale industries or persons having experience in the working of cooperative banks, regional rural banks or commercial banks or any other matter the special knowledge or professional experience which is considered useful to NABARD Three directors from out of the directors of Reserve Bank of India Three directors from amongst the ofcials of the Central Government Four directors from amongst the ofcials of the State Government Such number of directors elected in the prescribed manner by share holders other than RBI and GoI Managing Director
Mandate
NABARD was set up by Government of India (GoI) as 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.
Objectives
Facilitate credit ow for agriculture, rural infrastructure and rural development, Promote policies, practices innovations conducive to development, and rural
Organisational setup
NABARD has its Head Ofce at Mumbai, 30 Regional Ofces located in the states, a Cell at Srinagar, Training Establishments at Bolpur, Hyderabad, Mangalore and Lucknow and 395 District Development Managers functioning at district level. NABARD has 2887 ofcers
Strengthen rural credit delivery system through institutional development, Supervise Rural Financial Institutions (Cooperative Banks and Regional Rural Banks). Consultancy services.
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Consultancy services.
at district level. NABARD has 2887 ofcers supported by other staff.

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E bd o meDc CpLk oy i n R acs edat C lcos oetn li

NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT

at district level. NABARD has 2887 ofcers supported by other staff.

U l dd y p ae b o usv t 11 pcii 1 cm F lw oo l D wld o na o E bd o meDc CpLk oy i n A d o oetn d T C lco li C m et o mn s R acs edat Sa hr e

Sa o Srd hr n cb: e i R acs edat

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