FUNCTIONS OF NABARD

FUNCTIONS OF NABARD
• NABARD gives high priority to projects formed under IRDP.
• It provides refinance for IRDP accounts in order to give highest share for the support for poverty alleviation programs run by IRDP.
• Other than the activities included under IRDP, it also makes the service area plan, to providebackward and forward linkages and also infrastructural support.
• NABARD also prepares guidelines for promotion of group activities under its programs and provides 100% refinance support for them.
• It is making efforts to establish linkages between Self-help Group(SHG) that are organized by voluntary agencies for poor and needy in rural areas and other official credit agencies.
• It refinances to the complete extent for those projects that are taken under the ‘National Watershed Development Programme’ and the ‘National Mission of Wasteland Development’.
• It also has a system of District Oriented Monitoring Studies, under which, study is conducted for a cross section of schemes that are sanctioned in a district to various banks, to ascertain their performance and to identify the constraints in their implementation, It also initiates appropriate action to remedy them.
• It also supports Vikas volunteer Vahini programs which offer credit and development activities to poor farmers.
• It also inspects and supervises the cooperative banks and RRBs to periodically ensure the development of the rural financing and farmers’ welfare.
• NABARAD also recommends about licensing for RRBs and Cooperative banks to RBI.
• NABARD also provides assistance and support for the training and development of the staff of various other credit institutions, that are engaged in credit distributions.
• It also runs programs for agriculture and rural development.
• It is engaged in regulations of the cooperative banks and the RRB’s, and manages their talent acquisition through IBPS CWE conducted across the country.