National Bank for Agriculture and Rural Development
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National Bank for Agriculture and Rural Development (NABARD) was established as the premiere development bank. The main purpose of the National Bank for Agriculture and Rural Development is to provide credit for the development and publicity of small-scale industries, handicrafts, rural crafts, village industries, cottage industries, agriculture, etc. The NABARD also supports all other related economic operations in the rural sector and looks after the promotion of sustainable growth in the rural sector.
The NABARD also plays the role of a contributor to the rural development by the means of promoting institutional development, facilitating refinancing the loan providers in the rural sector, inspection, monitoring, and evaluation of client financial corporations.
The NABARD also provides assistance to the Reserve Bank of India, other organizations related with the development of the rural sector, and the Government of India, coordinates the functions of the rural loan providers, aids the state governments in assisting the rural developmental institutions, provides training facilities for the cooperatives, banks, and other organizations.
Objectives of National Bank for Agriculture and Rural Development are -
National Bank for Agriculture and Rural Development
C-24, 'G' Block,
Bandra-Kurla Complex, Bandra (East),
Mumbai 400 051
E-mail: [email protected]
Last Updated on 19 May 2011
The NABARD also provides assistance to the Reserve Bank of India, other organizations related with the development of the rural sector, and the Government of India, coordinates the functions of the rural loan providers, aids the state governments in assisting the rural developmental institutions, provides training facilities for the cooperatives, banks, and other organizations.
Objectives of National Bank for Agriculture and Rural Development are -
- The National Bank for Agriculture and Rural Development would be the apex body pertaining to the planning of the financial and functional aspects of promotion for small-scale industries, agriculture, handicrafts, rural crafts, village industries, cottage industries, and any kind of commercial operations in the rural sector.
- The National Bank for Agriculture and Rural Development would function as a refinancing organization for the credit given by
- financial agencies both long term loans and short term loans for promoting various kinds of activities in the rural sector.
- The National Bank for Agriculture and Rural Development would facilitate the provision of direct loan to different institutions on the approval of the Central Government of India.
- The National Bank for Agriculture and Rural Development would have constitutional connections with the apex bank, the Reserve Bank of India.
- Shri Umesh Chandra Sarangi, Chairman
- Shri Surampudi Sivakumar, Chief Executive
- Dr. K.G. Karmakar, Managing Director, National Bank for Agriculture and Rural Development
- Smt. Usha Thorat, Deputy Governor, Reserve Bank of India Central Office,
- Dr Anup Kumar Sinha, Professor of Economics, Indian Institute of Management, Kolkata
- Shri A K Sarkar, Principal Secretary, Agriculture and Sugarcane Development, Government of Jharkhand
- Shri D K Panwar, Agriculture Production Commissioner, Government of Andhra Pradesh
- Shri P.K. Mishra, Secretary, Department of Agriculture and Cooperation, Ministry of Agriculture
- Dr. Subas Pani, Ministry of Rural Development, Secretary (Rural Development)
- Shri Raj Kumar, Financial Commissioner & Principal Secretary (Agriculture), Agriculture Department
- Shri Amitabh Verma, Joint Secretary, Department of Economic Affairs and Banking Division, Ministry of Finance
- Shri Letkhogin Haokip, Commissioner (Agriculture)
National Bank for Agriculture and Rural Development
C-24, 'G' Block,
Bandra-Kurla Complex, Bandra (East),
Mumbai 400 051
E-mail: [email protected]
Last Updated on 19 May 2011
