The correct answer is Mumbai. NABARD stands for National Bank Of Agriculture And Rural Development. It is an zenith regulatory agency under the jurisdiction of Ministry of Finance , Government of India. NABARD was instituted on the recommendations of B. Sivaramman Committee (by Act 61, 1981 of Parliament) on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It took the place of the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC).