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The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD), set up by the

Reserve Bank of India (RBI) under the Chairmanship of Shri B. Sivaraman, conceived and recommended the establishment of the National Bank for Agriculture and Rural Development (NABARD). The Indian Parliament through the Act 61 of 1981, approved the setting up of NABARD. The Bank which came into existence on 12 July, 1982, was dedicated to the service of the Nation by the Honble Prime Minister, Smt Indira Gandhi on 5 November, 1982. NABARD is established as a development Bank, in terms of the Preamble of the Act, "for providing and regulating Credit and other facilities for the promotion and development of agriculture, small scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting integrated rural development and securing prosperity of rural areas and for matters connected therewith or incidental thereto." NABARD took over the functions of the erstwhile Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of RBI and Agricultural Refinance and Development Corporation (ARDC). Its subscribed and paid-up Capital was Rs.100 crore which was enhanced to Rs. 500 crore, contributed by the Government Of India (GOI) and RBI in equal proportions. Currently it is Rs. 2000 crore, contibuted by GoI (Rs.550 crore) and RBI (Rs.1450 crore). NABARD: (i) serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas; (ii) takes measures towards institution building for improving absorptive capacity of the credit delivery system, including monitoring, formulation of rehabilitation schemes, restructuring of credit institutions, training of personnel, etc. ; (iii) co-ordinates the rural financing activities of all institutions engaged in developmental work at the field level and maintains liaison with Government of India, State Governments, Reserve Bank of India (RBI) and other national level institutions concerned with policy formulation; and (iv) undertakes monitoring and evaluation of projects refinanced by it. NABARDs refinance is available to State Co-operative Agriculture and Rural Development Banks (SCARDBs), State Co-operative Banks (SCBs), Regional Rural Banks (RRBs), Commercial Banks (CBs) and other financial institutions approved by RBI. While the ultimate beneficiaries of investment credit can be individuals, partnership concerns, companies, State-owned corporations or co-operative societies, production credit is generally given to individuals. NABARD operates throughout the country through its 28 Regional Offices and one Suboffice, located in the capitals of all the states/union territories. It has 336 District Offices across the country, one Sub-office at Port Blair and one special Cell at Srinagar. It also has 6 training establishments.

ORGAINSATION STRUCTURE
ORGANISATIONAL SET-UP BOARD OF DIRECTORS CHAIRMAN MANAGING DIRECTOR EXECUTIVE DIRECTORS (5) HEAD OFFICE DEPARTMENTS (22) REGIONAL OFFICES (28) TRAINING ESTABLISHMENTS (5)

SUB-OFFICE (1) & SPECIAL CELL(Srinagar) DISTRICT DEVELOPMENT OFFICES (360)

OFFICES all over INDIA

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

General Banking Agriculture and related Sciences such as Irrigation, Plantation and Horticulture, Land Development, Animal Husbandry and Dairy Technology, Agricultural Engineering, Bio-technology, Fisheries, Forestry, etc. Agricultural Economics Accounts and Finance Information Technology Appropriate training and skills are imparted to the staff on an ongoing basis within and outside the country. NABARD's own training establishment as also outside agencies are utilised for the purpose. Staff Structure
CHAIRMAN MANAGING DIRECTOR EXECUTIVE DIRECTORS CHIEF GENERAL MANAGERS GENERAL MANAGERS DEPUTY GENERAL MANAGERS ASSISTANT GENERAL MANAGERS / MANAGERS / ASSISTANT MANAGERS CLERKS / STENOGRAPHERS / TYPISTS

Total Staff: Officers: 2973 (including 50 officers on deputation) Others: 2257

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