Role of Nabard in Rural Development in India

Abstract

“Growth with Social Justice” has been the basic objective of the Development Planning in India since independence. Since the beginning of planned development, the Government through Five Years Plans made significant strides in developing rural India. The National Bank  for Agriculture and Rural Development (NABARD) was setup in July 1982. It became the apex institution to play a pivotal role in the sphere of policy planning and providing refinance facilities to rural financial institutions and for augmenting their resource base. The paper analyses the role and function of NABARD in rural development. Purpose wise disbursement of funds under Investment Credit and RIDF during the year 2007-08 is also analyzed. It also throws a light on NABARD’s past and present performance and its major achievements for the year 2007-08.