Question : Which of the following institutions was set up in 1982 to streamline credit facilities for farmers at a national level?
Option 1: NEDFI
Option 2: NABARD
Option 3: IFCl
Option 4: SIDBI
Correct Answer: NABARD
Solution : The correct answer is NABARD.
NABARD stands for National Bank for Agriculture and Rural Development, and it was established on July 12, 1982. It was set up in 1982 to streamline credit facilities for farmers at a national level. NABARD was set up to foster rural prosperity. NABARD’s objective is to provide credit and other financial facilities for agriculture, cottage industries, small-scale industries, village industries, etc.
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