Academic session (2022-23)

DHARMASHASHTRA NATIONAL LAW UNIVERSITY

Jabalpur (M.P.) 482001
Economics - IV

Topic - NABARD - A Detailed Study

Submitted by: Submitted to.

Akshay Pal Mr. Akshay Khandekar

BALLB/015/21 Assistant Professor of Economics

Semester IV
 Acknowledgments

I am extremely privileged to have this opportunity to thank my teachers under

whose guidance I was able to complete my project. All my work is possible only
because of their selfless supervision on me.

I would like to thank the Vice chancellor of our university prof.(Dr.). V.

Nagaraj for his cooperative attitude towards every student of our
university and to give me an opportunity to gain knowledge and do creative
assignment which will result in enhancement of my research skills .

with a deep sense of respect , I wholeheartedly thanks to Mr. Akshay

Khandekar ( Assistant Professor of Economics ) for providing the assignment
and giving me all support and guidance , which made me to complete my
project . Mam provided me with the ideas and sources for my project topic
so this project could be easy for me to do it well.
Abstract

The importance of institutional credit in boosting rural economy has been clear
to the Government of India right from its early stages of planning. Therefore, the
Reserve Bank of India (RBI) at the instance of the Government of India,
constituted a Committee to Review the Arrangements for Institutional Credit for
Agriculture and Rural Development (CRAFICARD) to look into these very
critical aspects. The Committee was formed on 30 March 1979, under the
Chairmanship of Shri B. Sivaraman, former Member of Planning Commission,
Government of India.

The Committee’s interim report, submitted on 28 November 1979, outlined the

need for a new organisational device for providing undivided attention, forceful
direction and pointed focus to credit related issues linked with rural
development. Its recommendation was formation of a unique development
financial institution which would address these aspirations and creation of
National Bank for Agriculture and Rural Development (NABARD) was
approved by the Parliament through Act 61 of 1981.NABARD came into
existence on 12 July 1982 by transferring the agricultural credit functions of
RBI and refinance functions of the then Agricultural Refinance and
Development Corporation (ARDC). It was dedicated to the service of the nation
by the late Prime Minister Smt. Indira Gandhi on 05 November 1982. Set up
with an initial capital of Rs.100 crore, its’ paid up capital stood at Rs.17,080
crore as on 31 March 2022. Consequent to the revision in the composition of
share capital between Government of India and RBI, NABARD today is fully
owned by Government of India.Development Bank of the Nation for Fostering
Rural ProsperityPromote sustainable and equitable agriculture and rural
development through participative financial and non-financial interventions,
innovations, technology and institutional development for securing prosperity.

Research Question

1. What was the reason behind the formation of NABARD ?

2. What are the primary function of this scheme ?
3. How it helps in rural development and farmers growth ?
4. The structure and mechanism of its working is of what kind ?

Research Objectives

• To know about the aim and vision of the scheme

• Find out the functioning of financial sector offers by NABARD
• To know about various schemes related with nabard and its branches
• Whether it achieve its objectives or not and where it lacks if not.
Research Methodology

This research is based on Doctrinal research. The researcher has used the
secondary data for the study from the internet and books, also data from the
published research articles.
Scope of the study

The research is based on data presents of its official website as well as on other
reports talking about it. No ground work for the collection of data and
information isn't done so it can be done in further research in detail.

Limitations

.Researcher was limited to scarce resources.

.Only on data available on internet.

.Ground Work or Primary research work is not done