NABARD, or the National Bank for Agriculture and Rural Development, stands tall as the apex banking institution under the Ministry of Finance, spearheading the empowerment of rural India. It's not just a regulatory authority but a catalyst for transformative change, replacing traditional banking structures like the Agricultural Credit Department and Rural Planning and Credit Cells. Under the visionary NABARD Act, this institution extends a helping hand to Micro, Small, and Medium Enterprises (MSMEs) and various industries. It's a powerhouse of financial support, driving integrated rural development through investments and credit facilities. From providing short-term loans to commercial banks, state cooperatives, and Regional Rural Banks (RRBs), to aiding in the implementation of rural schemes, NABARD plays a pivotal role. But its impact goes beyond finances. NABARD is the driving force behind revolutionary initiatives like the Kisan Credit Card scheme, empowering farmers since ...
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