National Bank for Agriculture and Rural Development

National Bank for Agriculture and Rural Development
PredecessorAgricultural Refinance and Development Corporation
Formation12 July 1982 (1982-07-12)
TypeAll India Development Financial Institution / Regulatory Body
Purpose
HeadquartersMumbai, India
Coordinates19°03′52″N 72°51′46″E / 19.064511°N 72.862738°E / 19.064511; 72.862738
OwnerMinistry of Finance, Government of India
Chairman
Shaji K V
Development Finance Institution of
 India
SubsidiariesNABkisan, NABsamruddhi, NABfins, NABsanrakshan, NABfoundation, NABcons, NABventure
Websitewww.nabard.org
NABARD Act 1981

The National Bank for Agriculture and Rural Development (NABARD) is an All India Development Financial Institution (DFI) and an apex Supervisory Body for overall supervision of Regional Rural Banks, State Cooperative Banks and District Central Cooperative Banks in India. It was established under the NABARD Act 1981 passed by the Parliament of India. It is fully owned by Government of India and functions under the Department of Financial Services (DFS) under the Ministry of Finance.

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