Question
NABARD
Answer :
Word Count : 207
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The National Bank for Agriculture and Rural Development (NABARD) was established in 1982 as an apex development financial institution to promote sustainable and equitable agriculture and rural development in India. It plays a vital role in supporting Micro, Small, and Medium Enterprises (MSMEs), especially those engaged in rural and agro-based industries. NABARD provides refinance facilities to banks and financial institutions that lend to MSMEs, thereby ensuring the availability of affordable credit. It also implements various schemes for capacity building, entrepreneurship development, and cluster-based
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