Bank Profiles

National Bank for Agriculture and Rural Development (NABARD)

Headquarters: Mumbai, India

Website

Additional Info

Type of bank
Development
Established
1982
Assets
64.36 billion USD (2019) read more

Ownership
Government of India
Mandate
Promote sustainable and equitable agriculture and rural development through participative financial and non-financial interventions, innovations, technology and institutional development for securing prosperity.


Covid response

Summary
Providing accessible financing support to affected agricultural businesses through the provision of loans and loan guarantees.

Loans
SMMEs, Other

Advisory services
Encouraging rural cooperative banks to take steps to educate customers. This includes utilizing social media, SMS, and email to highlight benefits of digital payment modes, putting up banners/posters/leaflets in common places such as ATMs. Customer service providers providing banking services through AePS are advised to ensure awareness of proper sanitization for users before and after using devices, and proper cleaning and sanitization policies in general.

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