NABARD

• NABARD - National Bank for Agricultural and Rural Development Bank
• For the request of Government of India RBI constitute a Committee to Review the Arrangement for Institutional Credit for Agriculture and Rural Development ( CRAFICARD)
• CRAFICARD established on 30th March 1979
• B Sivaraman was the chairman of CRAFICARD 
• The committee submitted the interim report on 28 November 1979 and recommended the formation of NABARD 
• The Parliament of India through Act 61 of 1981 approved the setting up of NABARD 
• NABARD was came into existence on 12 July 1982
• Initial capital of NABARD is 100 crores
• Headquarters of NABARD is Mumbai 
• First Chairman of NABARD was M Ramakrishnayya
• Present Chairman of NABARD  is Dr Harsh Kumar Bhanwala
• Sitting MP or MLA cannot became a member of  NABARD 
• NABARD set up a committee to study about junior level co operative training centre, the chairman of the committee was G P Bhave
• The Swarozgar Credit Card System introduced by NABARD 
• NABCONS & NABFINS are the subsidiaries of NABARD 
• The training institute sponsored by NABARD is BIRD ( Bankers Institute for Rural Development  )
• NABARD is the custodian of National Rural Credit Stabilization Fund 
• Non overdue cover is a condition imposed by NABARD on the District co operative Bank
• Central government contribution to Regional rural banks are made through NABARD 
• Grameeya is the half yearly publication of NABARD 
• The kissan credit card Scheme was started by government of India in consultation with RBI and NABARD