NABARD Full Form is National Bank for Agriculture and Rural Development. NABARD is an apex development Bank based in Mumbai, India. It was established in the year 1981 in order to promote equitable and sustainable rural and agricultural property. This is to be achieved through institutional development; good credit support, and related services along with innovative initiatives.
NABARD extends refinance support to various RFIs or Rural Financial Institutions, direct lending to various state-owned corporates, cooperatives, loans to create central and state government owned entities, etc. It also facilitates and supports credit planning, policy formulation, financial inclusion, self-help linkage program, and more. NABARD contributes greatly towards rural economy.