- National Bank for Agriculture and Rural Development is an apex development bank in India
- NABARD was established on the recommendations of Shivaram Committee
- The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD), set up by the Reserve Bank of India (RBI) under the Chairmanship of Shri B. Sivaraman, conceived and recommended the establishment of the National Bank for Agriculture and Rural Development (NABARD).
- Government of India holds 99 % stake and RBI hold 1% stake
- NABARD replaced the agriculture credit department(ACD) and Rural Palnning and credit cell(RPCC) of RBI,and agriculture refinance and development corporation(ARDC)
- It is the regulator of co-operative and regional rural banks.
| Headquarters | Mumbai, Maharashtra, India |
|---|---|
| Established | 12 July 1982[1] |
| Chairman | Dr. Harsh Kumar Bhanwala[ |
