Question:
NABARD was established in the year:
NABARD was established in the year:
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NABARD's headquarters is in Mumbai. It operates under the Ministry of Finance. It also promotes Self-Help Groups (SHGs) and micro-finance in rural areas.
Updated On: Mar 19, 2026
- 1969
- 1975
- 1982
- 1991
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Verified By Collegedunia
The Correct Option is C
Solution and Explanation
Step 1: Understanding the Concept:
Institutional credit is crucial for the agricultural sector. Various specialized financial institutions were set up in India to provide credit to farmers and rural areas.
Step 2: Detailed Explanation:
NABARD (National Bank for Agriculture and Rural Development) was established on 12 July 1982 based on the recommendations of the B. Sivaraman Committee. It was set up by merging the agricultural credit wings of the RBI and ARDC (Agricultural Refinance and Development Corporation). NABARD acts as an apex institution for agricultural and rural credit, providing refinancing to cooperative banks and regional rural banks.
Step 3: Final Answer:
NABARD was established in the year 1982.
Institutional credit is crucial for the agricultural sector. Various specialized financial institutions were set up in India to provide credit to farmers and rural areas.
Step 2: Detailed Explanation:
NABARD (National Bank for Agriculture and Rural Development) was established on 12 July 1982 based on the recommendations of the B. Sivaraman Committee. It was set up by merging the agricultural credit wings of the RBI and ARDC (Agricultural Refinance and Development Corporation). NABARD acts as an apex institution for agricultural and rural credit, providing refinancing to cooperative banks and regional rural banks.
Step 3: Final Answer:
NABARD was established in the year 1982.
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