Economics • Banking & FinanceEasy
Which of the following institutions functions as the apex organization for financing and regulating agricultural and rural development in India?
A. National Bank for Agriculture and Rural Development (NABARD)✓ Correct Answer
B. Small Industries Development Bank of India (SIDBI)
C. Exim Bank of India
D. Industrial Finance Corporation of India (IFCI)
💡 Solution & Explanation
NABARD was established in 1982 based on recommendations by the B. Sivaraman Committee to function as the supreme agency for rural and agricultural credit regulation in India. Other institutions like SIDBI cater specifically to micro, small, and medium industrial enterprises. It operates under the jurisdiction of the Ministry of Finance.
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