The Correct Answer is "1982". Important PointsNational Bank for Agriculture and Rural Development (NABARD) is an apex development finance institution fully owned by the Government of India. The bank has been entrusted with "matters concerning policy, planning, and operations in the field of credit for agriculture and other economic activities in rural areas in India". NABARD is active in developing & implementing Financial Inclusion. NABARD has its head office in Mumbai, India, and regional offices in all states, and one special cell at Srinagar J&K. NABARD was established on the recommendations of the 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 replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC). It is one of the premier agencies providing developmental credit in rural areas. NABARD is India's specialized bank for Agriculture and Rural Development in India. The initial corpus of NABARD was Rs. 100 crores. Consequent to the revision in the composition of share capital between the Government of India and RBI, the paid-up capital as of 31 March 2020, stood at Rs. 14080 crore with the Government of India holding Rs. 14080 crore (100% share). The authorized share capital is Rs. 30,000 crore. As of May 2020, NABARD operates at 32 Regional Offices in the country. The organization had developed a huge amount of trust capital in its 3 decades of work with rural communities.