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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


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 9th Jan, 2024

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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