NABARD

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National Bank for Agriculture and Rural Development is an apex development bank in India

having headquarters based in Mumbai and other branches are all over the country.

Founded: July 12, 1982

Credit Functions

• Framing policy and guidelines for rural financial institutions.

• Providing credit facilities to issuing organizations

• Monitoring the flow of ground level rural credit.

• Preparation of credit plans annually for all districts for identification of credit potential.

Development Functions:

• Help cooperative banks and Regional Rural Banks to prepare development actions

plans for themselves.

• Help Regional Rural Banks and the sponsor banks to enter into Mous with state

governments and cooperative banks to improve the affairs of the Regional Rural Banks.

• Monitor implementation of development action plans of banks.

• Provide financial support for the training institutes of cooperative banks, commercial

banks and Regional Rural Banks.

• Provide financial assistance to cooperative banks for building improved management

information

system, computerisation of operations and development of human resources.

Supervisory Functions:

• Undertakes inspection of Regional Rural Banks (RRBs) and Cooperative Banks

(other than urban/primary cooperative banks) under the provisions of Banking Regulation Act, 1949.

• Undertakes inspection of State Cooperative Agriculture and Rural Development Banks

(SCARDBs) and apex non-credit cooperative societies on a voluntary basis.

• Provides recommendations to Reserve Bank of India on issue of licenses to

Cooperative Banks, opening of new branches by State Cooperative Banks and Regional

Rural Banks (RRBs).

• Undertakes portfolio inspections besides off-site surveillance of Cooperative Banks and

Regional Rural Banks (RRBs).