Here's the question bank on all the banking & financial services topics.
Consider the following statements:(a) NABARD offers loans for agricultural sector development.(b) NABARD provides loans to rural business.(c) NABARD makes financial loans for the urban industries.(d) NABARD provides financial support for urban developmentWhich of the above statements are correct?
SolutionThe correct answer is Only (a) and (b)National Bank for Agriculture and rural development (NABARD) was established on 12 July 1982 by an Act of the parliament. It Promotes sustainable and equitable agriculture and rural development through participative financial and non-financial interventions, innovations, technology, and institutional development for securing prosperity. The Promotional and developmental initiatives in the areas of the farm, off-farm, microfinance, financial inclusion, and Convergence with Govt sponsored Programmes . It Supports the financial inclusion efforts of Regional Rural Banks and Cooperative Banks. They promote livelihood opportunities and Micro Enterprises. They Support research and development, rural innovations, etc.
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