National Bank for Agriculture and Rural Development (Amendment) Act, 2017

The National Bank for Agriculture and Rural Development (Amendment) Act, 2017 seeks to amend the National Bank for Agriculture and Rural Development Act, 1981 which established NABARD. NABARD is responsible for providing and regulating facilities like credit for agricultural and industrial development in the rural areas.

Amendments

The act has made the changes like -

• Increase in Capital of NABARD: The act allows the central government to increase the capital available with NABARD from 5,000 crore to Rs 30,000 crore. The capital may be increased to more than Rs 30,000 crore by the central government in consultation with the RBI.
• Transfer ....