National Bank for Agricultural and Rural Development

NABARD is a central or apex institution for financing agricultural and rural sectors

It was set up on July 12,1982 under an act of parliament.

Objectives 

1) Long-term finance for minor irrigation, plantation, horticulture, land development, farm mechanism, animal husbandry, fisheries etc.

2) Short-term loan assistance for financing of seasonal agricultural operations, marketing of crops, purchase/procurement/distribution of agricultural inputs etc.

3)   Medium-term loan facilities for approved agricultural purposes.

4)   Working capital finance for handloom Weavers.

5)   Refinance for financing government-sponsored Programmes such as Rojgar Yojana,etc

6)   NABARD provides financial assistance, especially, to co-operative credit, in the field of agriculture, small-scale industries, cottage and village industries handicrafts and allied economic activities in rural areas.