General Knowledge - Indian Economy - Discussion

National Bank for Agricultural And Rural Development

What is ARDC?

ARDC is Agricultural Refinance and Development Corporation.

What is EXIM?

Export-Import Bank of India is the premier export finance institution of the country, set up in 1982 under the Export-Import Bank of India Act 1981.

Can you give some some explanation ?

RBI means reserve bank of India. It is not possible to merge with ARDC because ARDC is a agriculture based corporation.

What is Nabard please tell me ?

Please tell me about NABARD and its's function as well.

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 secure prosperity of rural areas.

Functions:

1. Providing refinance to lending institutions in rural areas.

2. Bringing about or promoting institutional development and.

3. Evaluating, monitoring and inspecting the client banks.