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![]() NABARD Head-office, Mumbai | |
![]() NABARD's Logo | |
Predecessor | Agricultural Refinance and Development Corporation |
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Formation | 12 July 1982[1] |
Type | All India Financial Institution / Regulatory Body |
Purpose |
|
Headquarters | Mumbai, India[2] |
Coordinates | 19°03′52″N 72°51′46″E / 19.064511°N 72.862738°E |
Owner | Ministry of Finance, Government of India |
Chairman | Shaji K V[a] |
Development Finance Institution of | ![]() |
Subsidiaries | NABkisan, NABsamruddhi, NABfins, NABsanrakshan, NABfoundation, NABcons, NABventure |
Website | www |
NABARD Act 1981 [1] |
The National Bank for Agriculture and Rural Development (NABARD) is an All India Financial Institution (AIFI)[4] and an apex Supervisory Body for overall supervision of Regional Rural Banks, State Cooperative Banks and District Central Cooperative Banks in India.[5] It was established under the NABARD Act 1981 passed by the Parliament of India.[6] It is fully owned by Government of India and functions under the Department of Financial Services (DFS) under the Ministry of Finance.[7]
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