INTRODUCTION

 NABARD stands for the “National Bank for Agriculture and Rural Development”.
One of the institutions owned by the government.

 NABARD is a Development Bank with a mandate for providing and regulating

credit and other facilities for the promotion and development of agriculture,
small-scale industries, cottage and village industries, handicrafts and other rural
crafts and other allied economic activities in rural areas with a view to
promoting integrated rural development and securing prosperity of rural areas.

 NABARD is an apex financial development institution in India. NABARD

headquarter is located at Mumbai and it possesses 336 district offices, having six
training centres and a special cell at Srinagar in India.
 VISION
Empowerment of rural poor by improving their access to the formal credit
system through various MF innovations in a cost effective and sustainable
manner.

 MISSION
Promoting sustainable and equitable agriculture and rural development
through effective credit support, related services, institution building and
other innovative initiatives.
 OBJECTIVES

1. NABARD provides refinance assistance for agriculture, promoting rural development activities. It also
provides all necessary finance and assistance to small scale industries.
2. NABARD in coordination with the State Governments, provides agriculture.
3. It improves small and minor irrigation by way of promoting agricultural activities.
4. It undertakes R&D in agriculture, rural industries.
5. NABARD promotes various organizations involved in agricultural production by contributing to their
capital.
 Thus, the objects of NABARD can be brought under three major heads:

A. Credit function
B. Development function
C. Promotional function
 FUNCTIONS

1) Integrated Rural Development Programme (IRDA)

2) Development of Women and Children in Rural Areas
3) Training-cum-production Centre for Women
4) Self-Help Group
5) NABARD also provides refinance
6) Scheme of Monitoring Evaluation and Research Activities
7) Vikas Volunteer Vahini Programme
8) External Aid Project
9) Inspection and Supervision of Co-operative Banks and Regional Rural Banks
10) Human Resource Development (HRD)
 NABARD SCHEMES

1) Refinance– Short Term Loans

2) Long Term Loans
3) Rural Infrastructure Development Fund (RIDF)
4) Long-Term Irrigation Fund (LTIF)
5) NABARD Infrastructure Development Assistance (NIDA)
6) Warehouse Infrastructure Fund
7) Food Processing Fund
8) Direct Lending to Cooperative Banks
9) Credit Facility to Marketing Federations (CFF)
10) Credit to Producer Organizations & PACS
 INNOVATIVE PROJECTS

 Setting up of grain banks

 Project on processers cards
 Project on e-grama
 Joint Liability Groups
 Setting up of computer munshis
 Micro enterprise promotion by SHGs
 ACHIEVEMENTS

 After the establishment of NABARD, there has been a remarkable increase in the rural finance and
development of cottage industry and small scale industry as well.

1. By way of providing short-term credit, nearly Rs. 4,000 crores have been given during the ’90s as
compared to Rs. 1,200 crores during the ‘80s.
2. With the help of medium-term finance, nearly Rs. 400 crores have been distributed and they have
been optimized mainly by States affected by natural disasters.
3. In ways of a long-term loan, more than Rs. 240 crores have been sanctioned for promotion to the
share capital of co-operative institutions.
CONTD.

4) Storage facilities for agricultural products in the country.

5) It has also played a scientific role in the export of agricultural commodities which include vegetables
and fruits
6) It has played a supplementary role in maintaining the Green Revolution in the country.
7) Blue revolution and white revolution in the form of increased fisheries production and milk have also
been contributed by the efforts of NABARD. India ranked the top most country in the world in the
production of dairy milk.