Apex bank for agricultural in India?
Q. Agricultural Bank of China is one of the 'big four' banks in China. Which bank is Apex body India for Agricultural Development?- Published on 16 Feb 17a. RRB
b. NHB
c. NABARD
d. RBI
ANSWER: NABARD
NABARD stands for National Bank for Agriculture and Rural Development.
NABARD is set up as an apex Development Bank by the Government of India with a mandate for facilitating credit flow for promotion and development of agriculture, cottage and village industries.
NABARD is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion.
In November 2016, Government has allowed NABARD to disburse Rs. 21,000 crore to cash-starved farmers, helping them sow winter crops like wheat ahead of the sowing season
National Bank for Agriculture & Rural Development (NABARD)
Founded : 12 July 1982
Headquarter : Mumbai, Maharashtra
Current Head : Dr. Harsh Kumar Bhanwala (Chairman)
