Discuss the Role and Functions of National Bank for Agriculture and Rural Development (NABARD)

The National Bank for Agriculture and Rural Development (NABARD) is an apex development financial institution in India that focuses on promoting rural and agricultural development. It was established in 1982 with the objective of providing credit and other support services for the development of agriculture, rural industries, and rural infrastructure. Here is a detailed discussion of the role and functions of NABARD:

1. Providing Credit Support: NABARD plays a crucial role in providing credit support to agriculture and rural sectors. It refinances commercial banks, cooperative banks, regional rural banks, and other financial institutions for extending credit to farmers, rural artisans, and small-scale industries. NABARD offers various credit programs, including short-term loans for agricultural operations, medium ______ _______ ____ ________ ________ ___ _____ _____ __________ ____.
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