National Bank for Agriculture and Rural Development

National Bank for Agriculture and Rural Development
PredecessorAgricultural Refinance and Development Corporation
Formation12 July 1982; 42 years ago (1982-07-12)[1]
TypeAll India Development Financial Institution / Regulatory Body
Purpose
HeadquartersMumbai, India[2]
Coordinates19°03′52″N 72°51′46″E / 19.064511°N 72.862738°E / 19.064511; 72.862738
OwnerMinistry of Finance, Government of India
Chairman
Shaji K V[a]
Development Finance Institution of
 India
SubsidiariesNABkisan, NABsamruddhi, NABfins, NABsanrakshan, NABfoundation, NABcons, NABventure
Websitewww.nabard.org
NABARD Act 1981 [1]

The National Bank for Agriculture and Rural Development (NABARD) is an All India Development Financial Institution (DFI)[4] and an apex Supervisory Body for overall supervision of Regional Rural Banks, State Cooperative Banks and District Central Cooperative Banks in India.[5] It was established under the NABARD Act 1981 passed by the Parliament of India.[6] It is fully owned by Government of India and functions under the Department of Financial Services (DFS) under the Ministry of Finance.[7]

  1. ^ "25 YEARS OF DEDICATION TO RURAL PROSPERITY". Nabard.org. Archived from the original on 19 July 2011. Retrieved 1 September 2010.
  2. ^ "Contact Us". NABARD.
  3. ^ "Board Of Directors". www.nabard.org. Retrieved 18 September 2023.
  4. ^ "Reserve Bank of India - Press Releases". www.rbi.org.in. Retrieved 19 March 2024.
  5. ^ "Nabard to switch to risk-based supervision of co-operative banks, RRBs". Business Standard. 9 July 2019. Retrieved 19 March 2024.
  6. ^ "National Bank for Agriculture and Rural Development (NABARD) | Department of Financial Services | Ministry of Finance | Government of India". financialservices.gov.in. Retrieved 1 April 2024.
  7. ^ "Nabard Rural Innovation Fund | Agriculture and Industry Survey". Agriculture information.com. Archived from the original on 16 July 2012. Retrieved 1 September 2010.


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