Full Form of NABARD:
NABARD stands for National Bank for Agriculture and Rural Development.
It is a government-owned development bank in India that aims to promote sustainable and inclusive economic development in rural areas, particularly in the sectors of agriculture, small-scale industries, and rural infrastructure.
NABARD: Empowering Rural Development
The National Bank for Agriculture and Rural Development (NABARD) is one of India's key financial institutions dedicated to supporting the country's rural economy. Established in 1982, NABARD's mission is to foster sustainable development by providing financial assistance for rural development projects, agriculture, and rural industries.
NABARD plays a vital role in shaping India’s agricultural policies by offering credit and financial support to farmers, rural entrepreneurs, and small businesses. It works to increase rural employment, improve infrastructure, and boost income-generating opportunities for rural communities.
Through initiatives like rural credit, microfinance, and infrastructure development, NABARD ensures that the benefits of economic growth reach the remotest corners of the country.
With its strong focus on inclusivity, NABARD has helped millions of rural Indians improve their standard of living while contributing to the overall economic growth of the nation.