Question
NABARD
Answer :
Word Count : 308
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The National Bank for Agriculture and Rural Development plays a pivotal role in promoting rural development in India by acting as an apex development finance institution. Established in 1982, it was created to address the credit and developmental needs of agriculture, small-scale industries, cottage and village industries, handicrafts, and other rural crafts. NABARD functions as a key instrument of the state in achieving inclusive growth and strengthening the rural economy. One of the primary functions of NABARD is providing refinance to cooperative banks, regional rural banks, and commercial banks for agricultural and allied activities. Through this mechanism, it ensures the flow of institutional credit to
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