National Bank for Agriculture and Rural Development(NABARD) aims at providing credit and other facilities for the promotion and development of ______ industries.
- AOption (a)
urban
- BOption (b)
rural
- COption (c)
posh
- DOption (d)
big
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Correct answer
rural
Why this answer is correct
The correct answer is rural.
Key Points
- National Bank for Agriculture and Rural Development(NABARD) is a development financial institution in India that focuses on providing credit and other facilities for the promotion and development of agriculture, small-scale industries, cottage industries, handicrafts, and other rural crafts.
- It is governed by the Indian government's Ministry of Finance.
- Financial inclusion is being developed and implemented by NABARD.
Additional Information
- On July12,1982, Act 61, 1981 of Parliament was passed, implementing the B. Sivaramman Committee's recommendations and creating NABARD to carry out the National Bank for Agriculture and Rural Development Act of 1981.
- One of the top agencies, offering 100% stake of Rs. 14080 crore.
- A share capital of Rs. 30,000 crore has been sanctioned.