Volume : 6, Issue : 1, January - 2017

THE ROLE OF NABARD IN THE RURAL DEVELOPMENT

Dr. M. Kumudini

Abstract :

<p>&nbsp;<span style="text-align: justify;">Inthe Indian context rural development assumes greater significance as nearly 70%</span><span style="text-align: justify;">&nbsp; </span><span style="text-align: justify;">of its population live in rural areas. Most of the people living in rural areas draw their livelihood from agriculture and allied sectors. Such areas are distinct from more intensively settled urban and suburban areas.</span><span style="text-align: justify;">&nbsp; </span><span style="text-align: justify;">Life styles in rural areas are different than those in urban areas, mainly because limited services are available. Governmental services like law enforcement, schools, fire departments, and liaries may be distant, limited in scope, or unavailable. Rural development is a national necessity and has considerable importance in India. The main objective of the rural development programme is to raise the economic and social level of the rural people. National Bank for Agriculture and Rural Development (</span><span style="text-align: justify; color: rgb(37, 37, 37);">NABARD) is set up as an apex institution by the Government of India </span><span style="text-align: justify;">with the main objective of providing and regulating credit and other facilities for the promotion of rural development. It is a single integrated organisation which looks after the credit requirements of all types of agricultural and rural development activities.</span><span style="text-align: justify;">&nbsp; </span><span style="text-align: justify;">Hence, an attempt is made to study the role of NABARD in the rural development.</span><span style="text-align: justify;">&nbsp;&nbsp;&nbsp; </span><span style="text-align: justify;">The study covered aspects such as objectives,functions, management and organizational hierarchy, sources of funds, activities achieved, loan assistance to various institutions, refinance assistance micro finance assistance etc.&nbsp;</span></p> <p style="margin: 6.8pt 0in; text-align: justify; line-height: 150%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="EN-IN"><o:p></o:p></span></p>