NABARD is India's apex development bank, formed by an Act of Parliament in 1982 and wholly owned by the Government of India (GoI). Its mandate is promoting sustainable and equitable agriculture and rural development through participative financial and non-financial interventions, innovations, technology and institutional development for securing prosperity. From being a pure refinance provider in 1982 to India's apex development bank in 2019, NABARD, today, directly and indirectly, touches lives of millions in rural India. This journey of last nearly four decades has seen the institution defining a clear and purposeful role for ourselves in rural India and seen us playing a larger role in nation building.
NABARD’s Head Office is located in Mumbai and has a pan-India presence with 31 Regional Offices. NABARD has a phenomenal district level outreach with 423 District Development Managers engaged in rural development. The institution has its training establishments situated in Bolpur, Lucknow and Mangalore, which serve the capacity building requirements of rural financial institutions across the country and Asia Pacific countries, besides our own staff.
NABARD’s functions are aimed at building an empowered and financially inclusive rural India through specific goal-oriented departments, which can be categorized broadly into three heads of activities: Financial, Developmental and Supervision. These three broad heads enable us to touch almost every aspect of rural economy: providing refinance support, building rural infrastructure, preparing district level credit plans, guiding and motivating the banking industry in achieving credit targets, supervising Cooperative Banks and Regional Rural Banks (RRBs), helping them develop sound banking practices, enabling them to on-board to the CBS platform, designing new projects for rural development, implementing GoI's development schemes, training handicraft artisans and providing them a marketing platform for selling their articles among others.
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