Which bank is limited to the needs of agriculture and rural finance ?

Priyanka Tomar • 35.28K Points
Coach Economic

Q. Which bank is limited to the needs of agriculture and rural finance ?

(A) SBI
(B) RBI
(C) IFC
(D) NABARD

Correct Answer - Option(D)
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Filed under category Economic

Explanation by: Priyanka Tomar

National Bank for Agriculture and Rural Development (NABARD) was established on 12 July 1982 by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture & rural non-farm sector.

It has been accredited with “matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India”.

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