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1. It came into existence on 12th July, 1982 under the special Act of Parliament It is counted as an apex institution for agricultural finance.
2. The main objective of NABARD is to provide and regulate credit and other facilities for the promotion of agriculture, small scale industries, cottage and village industries, etc.
3. It provides refinancing facilities to State Co-operative Bank (SCBs), Land Development Bank (LDBs), Regional Rural Banks (RRBs) and other approved financial institutions.
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