Which of the following statements is/are true about NABARD?
I. NABARD was formed on the recommendation of Sivaraman Committee.
II. NABARD came into existence in 1980.
III. It was set up with an initial capital of Rs. 100 crore.
- ((a))
Only I
- ((b))
Only II and III
- ((c))
Only II
- ((d))
Only I and III
Show Answer
Only I and III
The correct answer is Only I and III.

Key Points
- NABARD was established on the recommendations of the Sivaraman Committee (Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development).
- NABARD came into existence on 12 July 1982, not in 1980.
- It was set up with an initial capital of Rs. 100 crore, which was raised to Rs. 5000 crore fully subscribed by the Government of India and the Reserve Bank of India.

Additional Information
- NABARD stands for National Bank for Agriculture and Rural Development.
- It is an apex development financial institution in India.
- It is responsible for providing and regulating credit and other facilities to promote and develop agriculture, small-scale industries, cottage and village industries, handicrafts, and other rural crafts.
- NABARD also supports all other allied economic activities in rural areas, with a view to promoting integrated rural development and securing prosperity for rural areas.
- It is involved in policy planning and operations relating to agriculture and other economic activities in rural areas.
- Sivaraman Committee
- The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development, also known as the Sivaraman Committee, was set up by the Reserve Bank of India in 1979.
- The committee was chaired by B. Sivaraman.
- Its recommendations led to the establishment of NABARD to address the credit needs of the agricultural and rural sectors.



































































































