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The National Bank for Agriculture and Rural Development (NABARD) is a critical financial institution in India that plays a pivotal role in promoting agriculture and rural development in the country. NABARD's genesis, principles, values, policy, growth, and development are integral to understanding its role and functions.

Genesis:
NABARD was established on July 12, 1982, by an act of the Indian Parliament. Its establishment was a response to the pressing need to provide credit and other support to the agricultural and rural sectors, which were essential for India's economic growth and food security. NABARD's creation was a result of recommendations made by the Shivaraman Committee and the Narasimham Committee, which highlighted the importance of a specialized institution for agricultural and rural development.

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