Question : Which of the following is a function of the National Bank for Agriculture and Rural Development (NABARD)?
Option 1: Regulating the securities market
Option 2: Providing credit facilities to agriculture and rural sectors
Option 3: Regulating the functioning of commercial banks
Option 4: None of the above
Correct Answer: Providing credit facilities to agriculture and rural sectors
Solution : The correct answer is (b) Providing credit facilities to agriculture and rural sectors
NABARD is a specialized development bank in India that focuses on providing financial and developmental support to agriculture and rural sectors.NABARD plays a crucial role in providing credit facilities to farmers, agricultural enterprises, rural artisans, and other rural entrepreneurs. It offers various credit programs and schemes to meet the financial requirements of the agriculture and rural sectors.
Providing credit facilities to agriculture and rural sectors. NABARD's primary function is to support and promote agriculture, rural development, and rural financial institutions by providing credit, refinancing, and other financial services to the agriculture and rural sectors.
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