Describe the functions of NABARD.
The main functions of NABARD are as follows:
(i) To provide short, medium and long term credit to State Co-operative Bank, Regional Rural Banks. Land Development Banks and other financial institutions approved by the RBI.
(ii) To grant long term loans to State Government for subscribing to the share capital of cooperative societies
(iii) To coordinate activities of Central and State Governments and other all India or State level institutions entrusted with the work of development of small scale industries, village industries and rural crafts
(iv) To inspect cooperative banks, RRB’s and co-operative societies.
(v) To promote research in agriculture and rural development.
(vi) To act as a refinancing agency for institutions providing finance to agricultural and rural development programmes.
