National Bank for Agriculture and Rural Development (NABARD)

NABARD came into existence on 12 July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC).

• It was launched for building an empowered and financially inclusive rural India.
• Vision: Development Bank of the Nation for Fostering Rural Prosperity.
• Mission: Promote sustainable and equitable agriculture and rural development through participative financial and non-financial interventions, innovations, technology and institutional development for securing prosperity.
• Some of the major achievements of NABARD include: SHG Bank Linkage Project, Kisan Credit Card, financing one fifth of India’s total rural infrastructure, pioneering in the field of watershed development ....