Nabard-business Aspects of Banking and Insurance

8/4/2019 Nabard-business Aspects of Banking and Insurance

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NATIONAL BANK FOR AGRICULTURE

AND RURAL DEVELOPMENT

NABARD


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ROLL NO: NAME:

50403 SHAMPA ADHIKARI50427 SANA MAKANDAR

50429 YASH MALHOTRA

50441 HEENA PERWEEN

50449 SHIKHA SINGH

GUIDANCE BY: PROF. MINU SINGH


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NABARD is set up as an apex Development

Bank with a mandate for facilitating credit flow for

promotion and development of agriculture, small-

scale industries, cottage and village industries,handicrafts and other rural crafts. It also has the

mandate to support all other allied economic

activities in rural areas, promote integrated and

sustainable rural development and secureprosperity of rural areas.


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` Providing refinance to lending institutions in rural

areas

` Bringing about or promoting institutionaldevelopment

` Evaluating, monitoring and inspecting the client

banks


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Vision:

Empowerment of rural poor by improving their access to the formalcredit system through various MF innovations in a cost effective and

sustainable manner

Mission:

To extend financial services to one third of India's unreached and

underserved rural poor numbering nearly 100 million through one

million SHGs with focus on women during a ten year period through

various microfinance interventions


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Facilitate credit flow for agriculture.

Promote policies. Strengthen rural credit delivery system.

Supervising rural financing institutions.

Consultancy services.


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BOARD OF DIRECTORS

CHAIRMAN

MANAGING DIRECTOR

EXECUTIVE DIRECTORS

HEAD OFFICE

DEPARTMENTS (22)

REGIONAL OFFICES

(28)

TRAINING

ESTABLISHMENTS(5)

SUB-OFFICE (1) & SPECIALCELL

(SRINAGAR)

DISTRICT DEVELOPMENT OFFICES

(360)


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CHAIRMAN

MANAGING DIRECTOR

EXECUTIVE DIRECTORS

CHIEF GENERAL MANAGERS

GENERAL MANAGERS

DEPUTYGENERAL MANAGERS

ASSISTANT GENERAL MANAGERS / MANAGERS / ASSISTANT

MANAGERS

CLERKS / STENOGRAPHERS / TYPISTS


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NABARD has suitably qualified and experienced staff in the areas of:

General Banking Agriculture:` Irrigation

` Plantation and Horticulture

` Land Development

` Animal Husbandry and Dairy Technology

` Agricultural Engineering` Bio-technology

` Fisheries

` Forestry

Agricultural Economics, Accounts and Finance, Information TechnologyAppropriate training and skills are imparted to the staff on an ongoing

basis within and outside the country. NABARD's own trainingestablishment as also outside agencies are utilized for the purpose.


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` Established on the recommendations of ShivaramanCommittee, by an act of Parliament on 12 July 1982 toimplement the National Bank for Agriculture and Rural

Development Act 1981.

` It is one of the premiere agencies to provide credit inrural areas.

` It was set up with an initial capital of Rs 100 crores,which was enhanced to Rs 2,000 crores later on.


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NABARD has effectively brought in a number ofinnovations in the rural credit domains.

` Formation and Linkage of Self Help Groups,

` Farmers Clubs,

` Rural Infrastructure Development Fund,

` Watershed Development,

` Kisan Credit Card,

` District Rural Industries Project,

` Cluster Development Programme

` Rural Innovation Fund


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` Providing investment and production credit for promoting the various

developmental activities in rural areas

` Improving absorptive capacity of the credit delivery system,

including monitoring, formulation of rehabilitation schemes,

restructuring of credit institutions, training of personnel, etc.

` Co-ordinates the rural financing activities of all the institutions.

` Prepares rural credit plans for all districts in the country.

` Undertakes monitoring and evaluation of projects refinanced by it.

` Promotes research in the fields of rural banking, agriculture and

rural development


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[30th December, 1981]

(As amended by Act No.81 of 1985, Act No.66 of 1988 Act No. 55 of 2000

and [Act No. 48 of 2003]

An Act to establish a development bank to be known as theNational Bank for Agriculture and Rural Development for providing andregulating credit and other facilities for the promotion and developmentof agriculture small-scale industries, cottage and village industries,handicrafts and other rural crafts and other allied economic activities inrural areas with a view to promoting integrated rural development andsecuring prosperity of rural areas, and for matters connected

therewith or incidental thereto.


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` SelfHelp Groups (SHGs)` FarmersClubs` Rural Infrastructure Development Fund (RIDF)` Watershed Development` Tribal Development andWADI approach` Women and Development` District Rural Industries Project (DRIP)` Rural Entrepreneurship Development Programme (REDP)` Rural Marketing` Revival of Short-Term Rural Co-operative Structure (STCCS)`

Rural Innovation Fund` NABARD Consultancy Services (NABCONS)` Co-Financing


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` Grant Assistance up to Rs.50,000.

` Purchase of PC.

` NGO shouldhave completed 3 years.` Shouldhave promoted minimum 500 SHGs.

` Shouldnothave beenblack-listed.


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After studying the role and various refinancing

activities of NABARD one can say that there is a

lot of scope for improvement, as the actual

scenario is completely different. All thefunctions of NABARD are adequate, but it is

the execution of these functions which is not

happening correctly. Hope NABARD will

improve its execution plans and improve its

performance in refinancing RURAL INDIA.


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Nabard-business Aspects of Banking and Insurance

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