About | National Bank for Agriculture and Rural Development (NABARD) , MAHARASHTRA Check here latest notification

The National Bank for Agriculture and Rural Development (NABARD) is a pivotal institution in India, dedicated to enhancing rural development and agriculture through effective financing and support mechanisms. Established in 1982, NABARD plays a crucial role in the economic growth of rural areas by providing credit and developing financial institutions in rural regions.

Vision and Mission

NABARD's vision is to foster rural prosperity by promoting sustainable rural development and improving the quality of life in rural areas. The bank's mission revolves around facilitating credit flow for agriculture and rural development, supporting the rural infrastructure, and enhancing the livelihoods of the rural population.

Key Functions of NABARD

1. Credit Support: NABARD provides credit to various rural sectors, including agriculture, dairy, fisheries, and rural infrastructure. It extends loans to state governments, banks, and cooperatives to strengthen the rural credit delivery system.
2. Developmental Initiatives: The bank actively promotes various development initiatives and projects aimed at improving agricultural productivity and rural livelihoods. NABARD supports innovative projects that can bring about a significant positive impact in rural areas.
3. Capacity Building: NABARD conducts training programs and workshops to enhance the skills and capabilities of stakeholders in the rural sector, including farmers, self-help groups, and rural cooperatives.
4. Financial Inclusion: The bank plays a crucial role in promoting financial inclusion by supporting initiatives that provide access to credit for underserved populations, thereby empowering them economically.
5. Research and Policy Advocacy: NABARD undertakes research to understand the challenges faced by the rural economy and advocates for policies that promote sustainable development in agriculture and rural sectors.

Major Initiatives and Schemes

NABARD has launched several initiatives and schemes aimed at fostering rural development:

• Self-Employed Women’s Association (SEWA): Supporting women entrepreneurs through capacity-building programs and access to credit.
• Rural Infrastructure Development Fund (RIDF): Funding various rural infrastructure projects such as roads, irrigation, and education facilities.
• Pradhan Mantri Gram Sadak Yojana (PMGSY): Collaborating with the government to enhance rural connectivity through better road infrastructure.
• Kisan Credit Card (KCC): Facilitating easy access to credit for farmers to meet their agricultural and personal needs.