Question

Which of the following is/are correct about NABARD?

1. Refinancing agency
2. Runs programmes for agriculture and rural development
3. Inspect and supervise both the cooperative banks and RRBs

1. Refinancing agency
2. Runs programmes for agriculture and rural development
3. Inspect and supervise both the cooperative banks and RRBs

• A. None of these
• B. All of these
• C. ii only
• D. i, ii

Answer 1

Answer:

B. All of these

• Refinancing: NABARD serves as an apex refinancing institution for credit extended by financial institutions to rural and agricultural sectors.

• Development: It designs and executes various developmental initiatives and funds (like RIDF, Watershed Development Fund) targeting rural livelihoods.

• Supervision: Under the Banking Regulation Act, 1949, NABARD holds statutory responsibility to inspect and supervise Regional Rural Banks (RRBs) and State/District Cooperative Banks.