|NABARD has been set up as an apex Development Bank. This bank basically provides credit facility for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts. It is also authorized to provide financial support to all other economic activities in rural areas, promote integrated and sustainable rural development and secure prosperity of rural areas. As a facilitator bank is responsible – to provide refinance to lending institutions in rural areas, bringing about or promoting institutional development and evaluating, monitoring and inspecting the client banks.
The bank also act as coordinator in the operations of rural credit institutions, extends assistance to the government, the Reserve Bank of India and other organizations in matters relating to rural development, offers training and research facilities for banks, cooperatives and organizations working in the field of rural development, helps the state governments in reaching their targets of providing assistance to eligible institutions in agriculture and rural development, acts as regulator for cooperative banks and RRBs.