NABARD
Structure, Functions, and Rural Credit Architecture
The National Bank for Agriculture and Rural Development (NABARD) was established on July 12, 1982, on the recommendation of the Shivaraman Committee (Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development, 1979). NABARD is the apex development financial institution for rural and agricultural credit. It refinances rural lending institutions (cooperative banks, regional rural banks, commercial banks), and formulates policies for rural credit delivery.
- NABARD established: July 12, 1982; under NABARD Act, 1981
- Headquarters: Mumbai; wholly owned by Government of India (100% since 2019)
- Shivaraman Committee (1979): recommended creation of NABARD by transferring agricultural credit functions from RBI
- Key functions: refinancing, development (watershed, tribal, SHG), supervision (cooperative banks, RRBs), policy formulation
- RIDF (Rural Infrastructure Development Fund): created 1995-96; cumulative sanctions: over Rs 4.5 lakh crore
- NABARD's credit planning: releases State Focus Papers and Potential Linked Credit Plans (PLCPs) annually for each district
● Tracked since February 14, 2026 · last seen March 13, 2026 · updates as the daily brief publishes
See it in today’s brief.
Daily current affairs with every static concept explained in place.
Read the daily brief