Brought to you by - Competition ZENITH
Headquarters Mumbai, Maharashtra, India
Established 12 July 1982
Chairman Dr. Harsh Kumar Bhanwala
GENESIS
The Committee to Review the Arrangements for Institutional Credit
for Agriculture and Rural
Development (CRAFICARD) set up by Reserve Bank of India in 1979
recommended formation of
“NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT (NABARD)” as a
“new organisational device for providing undivided attention,
forceful direction and pointed focus
to the credit problems arising out of integrated rural development”.
National Bank for
Agriculture and Rural Development (NABARD) was established on 12 July
1982 by an Act of the
Parliament
MANDATE
NABARD was set up 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.
CORPORATE MISSION
Promote sustainable and equitable agriculture and rural prosperity
through effective credit support,
related services, institution development and other innovative
initiatives.
CAPITAL STRUCTURE
The paid up capital of NABARD is Rs.2,000 crore with Government of
India (GoI) holding
Rs.1,980 crore and the remaining by Reserve Bank of India (RBI).
ORGANISATIONAL SETUP
NABARD, with its Head Office at Mumbai, has 30 Regional Offices
located in States and a Union
Territory .
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