All About Nabard Exam Information

 

NABARD, or the National Bank for Agriculture and Rural Development, is responsible with topics relating planning, operations, and policy-making in the realm of economic and agricultural activities in India’s rural areas. It is headquartered in Mumbai and has branches all across the country. The bank is completely invested in establishing financial inclusion policies as a member of the AFI (Alliance for Financial Inclusion). Various NABARD tests for various recruitments will be covered in this post.

NABARD Recruitment

NABARD conducts recruitment on the following basis:

  • Regular Basis
  • Contract Basis

Regular basis recruitment comprises of recruitment at:

  • Group A posts (Assistant Manager, Legal, Rajbhasha)
  • Group B posts (Development Assistant)
  • Group C posts (Office Attendant, Drivers)

Contract basis recruitment comprises of recruitment at:

  • Specialist Officers posts
  • Junior Level posts
    In the article ahead, we will be covering all the recruitments in detail.

The importance of institutional credit in boosting the rural economy has been recognised by the Indian government since its inception. As a result, at the request of the Indian government, the Reserve Bank of India (RBI) established a Committee to Review the Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD) to investigate these crucial issues. The Committee was established on March 30, 1979, under the chairmanship of Shri B. Sivaraman, a former member of the Government of India’s Planning Commission.

The Committee’s interim report, submitted on November 28, 1979, outlined the need for a new organisational device to give credit-related issues in rural development undivided attention, forceful direction, and pointed focus. Its recommendation was to establish a distinct development financial institution to satisfy these ambitions, and Parliament approved the foundation of the National Bank for Agriculture and Rural Development (NABARD) by Act 61 of 1981.

The agricultural credit functions of RBI and the refinance functions of the erstwhile Agricultural Refinance and Development Corporation were transferred to NABARD on July 12, 1982. (ARDC). On November 5, 1982, the late Prime Minister Smt. Indira Gandhi dedicated it to the nation’s service. It was founded with an initial capital of Rs.100 crore and had a paid-up capital of Rs.14,080 crore as of March 31, 2020. As a result of a change in the share capital composition between the Government of India and the Reserve Bank of India, NABARD is now entirely owned by the Government of India.

The Committee’s interim report, submitted on November 28, 1979, underlined the need for a new organizational device to give credit-related concerns in rural development undivided attention, powerful direction, and clear focus. Its recommendation was to establish a distinct development financial institution to satisfy these ambitions, and Parliament approved the foundation of the National Bank for Agriculture and Rural Development (NABARD) by Act 61 of 1981.
The agricultural credit functions of RBI and the refinance functions of the erstwhile Agricultural Refinance and Development Corporation were transferred to NABARD on July 12, 1982. (ARDC). On November 5, 1982, the late Prime Minister Smt. Indira Gandhi dedicated it to the nation’s service. It was founded with an initial capital of Rs.100 crore and had a paid-up capital of Rs.14,080 crore as of March 31, 2020. As a result of a change in the share capital composition between the Government of India and the Reserve Bank of India, NABARD is now entirely owned by the Government of India.

 

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