Explain the role of NABARD in national development.
Explain the role of NABARD in national development.
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Role of NABARD in national development:
1. NABARD is an apex bank providing credit facilities to institute working in agricultural finance.
2. It provides storage facilities for agricultural commodities by promoting development of warehousing facilities.
3. It also promote the export of agricultural commodities.
4. It plays an important role in sustainable development of the country through Green, Blue and White revolution.
5. It refinances commercial and cooperative banks during natural calamities like drought, crop failure, etc. so that farmers can recover from the difficult period.
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