📈 Economy of Bihar (Civil Services Prep) Topic 5.6: Banking and Allied Sectors in Bihar (Complete Unabridged Modules)

Module 10: NABARD Refinancing Support & Sectoral Trends (Table 5.6.1)

📖 Chapter 7 of 10 🧩 Module 11 of 18 ⏱️ ~2 min read 💡 1 MCQs
Topic Part 1 of 2

National Bank for Agriculture and Rural Development (NABARD):

Established in July 1982 by an Act of Parliament, taking over the agricultural refinance functions of the Reserve Bank of India. NABARD provides refinance to commercial banks, RRBs, and cooperative banks for agriculture, rural non-farm enterprises, and artisan clusters.


Table 5.6.1 & Figure 5.6.5: Sector-wise Investment Credit Refinance in Bihar by NABARD (Rs. Crore)

Sectors 2011-12 2013-14 2015-16 2016-17 2017-18
Minor Irrigation32.7217.8943.4434.9980.74
Farm Mechanization97.7667.27164.77815.07371.32
Dairy70.6231.11333.6869.95194.44
Self Help Groups43.6663.3892.1580.00—
Non-Farm Sector97.8021.2667.8899.5149.29
Others33.98169.732517.751095.16696.20
Total Refinance 376.54 370.64 3219.66 2194.68 1391.99

In 2017-18, the total refinance disbursed by NABARD stood at Rs. 1,391.99 crore, with farm mechanization (Rs. 371.32 cr) and dairy (Rs. 194.44 cr) representing the major sub-sectors.

⭐ Key Points
  • July 1982
  • Rs. 1,391.99 crore
📌 One-line Q&A
  • Established in ______ by an Act of Parliament, taking over the agricultural refinance functions of the Reserve Bank of India. — July 1982
  • In 2017-18, the total refinance disbursed by NABARD stood at ______, with farm mechanization (Rs. 371.32 cr) and dairy (Rs. 194.44 cr) representing the major sub-sectors. — Rs. 1,391.99 crore
Questions 1 MCQs

Answer this question, then use Next.

In which month and year was the National Bank for Agriculture and Rural Development (NABARD) established?

NABARD was established in July 1982 by an Act of Parliament.
Question 1 of 1

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Established in ______ by an Act of Parliament, taking over the agricultural refinance functions of the Reserve Bank of India.

July 1982

In 2017-18, the total refinance disbursed by NABARD stood at ______, with farm mechanization (Rs. 371.32 cr) and dairy (Rs. 194.44 cr) representing the major sub-sectors.

Rs. 1,391.99 crore