NABARD, which?acronyms for ?National Agricultural Bank & Rural Development, has been set up as an apex Development Bank with a mandate for?facilitating credit flow for promotion and development of:
i. agriculture,
ii. small-scale industries,
iii. cottage and village industries,
iv. handicrafts and other rural crafts.

NABARD also has the mandate to support all other allied economic activities in rural areas, promote integrated and sustainable rural development and secure prosperity of rural areas.

FUNCTIONS OF NABARD

Image result for images of nabard bank

MILESTONES OF NABARD?

District Rural Industries Project (DRIP) has generated employment for 23.34 lakh persons with 10.95 lakh units in 105 districts.

It was setup with an initial capital of Rs. 100 crore, which is in henced to 4,000 crore in 2013 fully subscribed by the Government of India and RBI.

SUBSIDIARIES OF NABARD

?Nabcons : NABARD Consultancy Services (Nabcons) is a wholly owned subsidiary promoted by National Bank for Agriculture and Rural Development (NABARD) and is engaged in providing consultancy in all spheres of agriculture, rural development and allied areas. Nabcons leverages on the core competence of the NABARD in the areas of agricultural and rural development, especially multidisciplinary projects, banking, institutional development, infrastructure, training, etc., internalized for more than two decades.

The Company is registered under the Company’s Act, 1956, with an authorized capital of Rs 250 million (US $5.75 million) and paid up capital of Rs 50 million (US $1.15 million).

In tune with NABARD’s mission to bring about rural prosperity, Nabcons has more than just commercial interest in the assignments it undertakes.

NABARD Financial Services Limited, [NABFINS] is a subsidiary of National Bank for Agriculture and Rural Development (NABARD) with equity participation from NABARD, Government of Karnataka, Canara Bank of India, Dhanalakshmi Bank and Federal Bank. It is a non-deposit taking NBFC registered with the Reserve Bank of India and shall operate throughout India. The main objectives of the Company are to provide financial services in two broad areas of agriculture and microfinance. NABFINS provides credit and other facilities for promotion, expansion, commercialization and modernization of agriculture and allied activities. NBFINS shall engage in the business of providing micro finance sections of the society for securing their prosperity in both rural and urban areas.

 

NABARD, which is the world renowned apex development bank of our country and pioneered the world’s largest microfinance movement, while promoting NABFINS has envisaged that NABFINS shall evolve into a model Microfinance Institution to set standards of governance among the MFIs, operate with exemplary levels of transparency and operate at reasonable/ moderate rates of interest.

 

Agri Business Finance (AP) Limited (ABFL) was incorporated under Companies Act., 1956 on 17 February 1997. It is a state specific financial institution registered as Non Banking Finance Company. ABFL was promoted with equity participation from National Bank for Agriculture and Rural Development (NABARD), Andhra Bank, Canara Bank, Govt of Andhra Pradesh, Andhra Pradesh, State Cooperative Bank and few Industrial Houses/individuals from the State. It operates in the state of Andhra Pradesh with its registered office at Hyderabad. It is whole owned subsidiary of NABARD.

ABFL was incorporated with the objective of providing credit and to offer facilities for promotion, expansion, commercialization and modernization of enterprises engaged in Agriculture and allied activities. The organization is specifically catering to the long-term investment needs of Agriculture and allied activities since its inception from 1997.

BANKING COACHING FOR BETTER RESULTS

Competition Gurukul is a premier institute for Banking Exam Coaching. You can visit our center to register your slot for fresh batches. You will be guided by our counsellor from Monday to Saturday at scheduled timing of 9 AM to 8 PM.

For More Information Contact

Competition Gurukul
A-1/17, Janakpuri, Main Najafgarh Road,
Opp Metro Pillar 636, New Delhi ? 110058