<Tr> <Td_colspan="2"> NABARD is an Apex Development Financial Institution in India </Td> </Tr> <P> National Bank for Agriculture and Rural Development (NABARD) is an apex development financial institution in India, headquartered at Mumbai with branches all over India . The Bank has been entrusted with "matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India". NABARD is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion . </P> <P> NABARD was established on the recommendations of B. Sivaraman Committee, (by Act 61, 1981 of Parliament) on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981 . It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC). It is one of the premier agencies providing developmental credit in rural areas . NABARD is India's specialised bank for Agriculture and Rural Development in India . </P> <P> The initial corpus of NABARD was Rs. 100 crores . Consequent to the revision in the composition of share capital between Government of India and RBI, the paid up capital as on 31 May 2017, stood at Rs. 30,000 crore with Government of India holding Rs. 30,000 crore (100% share). </P>

Nabard has been established on the recommendation of