Question

NABARD primarily works for the development of which sector?

• A. Industrial sector
• B. Rural and agricultural sector
• C. Urban sector
• D. Export sector

Answer 1

Answer:

B. Rural and agricultural sector

National Bank for Agriculture and Rural Development (NABARD)

• Year- 12 July 1982

• Residence – Mumbai

• The committee that recommended the formation was the Sivaraman Committee

• India's premier bank working for rural and agricultural development.

• Coordinating banks working for rural development.

• Financial assistance is provided for agriculture, handicrafts etc.