Functions of NABARD

Q.  Which of the following statements is/are correct about NABARD?

1. It promotes the various developmental activities in rural areas.
2. It has launched the Climate Change Adaptation Project to help farmers.
- Published on 02 Nov 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Both
 
- NABARD is an apex financing agency for the institutions that provides investment and promote the various developmental activities in rural areas.
- It has replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC)
- It provides Core banking solution to co-operative banks

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