Establishment Year of NABARD

National Bank for Agriculture and Rural Development (NABARD) was established in:

Correct Answer: 1982

NABARD (National Bank for Agriculture and Rural Development) was established in 1982, on the recommendations of the Shivaraman Committee. Its headquarters is in Mumbai.

Key Facts About NABARD

• Established: 1982
• Headquarters: Mumbai (Maharashtra)
• Role: Apex development bank for agriculture, rural industries, and rural areas in India.
• It provides refinance to cooperative banks, Regional Rural Banks (RRBs), and commercial banks for agricultural credit.
• It also supervises and supports KVKs (Krishi Vigyan Kendras) and rural development programmes.

Credit-Related Terms

• 3 R's of credit: Return, Repayment capacity, Risk bearing
• 3 C's of credit: Character, Capital, Capacity
• First Kisan Credit Card bank: Punjab National Bank