NABARD Full Form | Full Form of NABARD | NABARD Meaning| What is NABARD?
The full form of NABARD is National Bank for Agriculture and Rural Development. NABARD could be a development bank with the best importance within the rural improvement. The bank works for the design and development of credit policies to the agriculture and alternative rural activities of economic value. Achieving monetary inclusion is one in all the most important goal of the bank and it’s a member of the Alliance for the financial Inclusion. the govt. of India holds ninety-nine of the bank’s possession and therefore the rest one hundred and twenty-fifth is command by the reserve bank of India.
NABARD Headquarter | NABARD office | NABARD HQ:
The headquarters of NABARD is settled in Mumbai. Dr. Harsh Kumar Bhanwala is that the present Chairman of NABARD. NABARD states its mission because of the promotion of sustainable agriculture with innovative credit support and brings prosperity within the rural areas. NABARD is related to many Organization attached with the globe Bank and alternative developmental establishments throughout the world.
History of NABARD | About NABARD:
National Bank for Agriculture and Rural Development (NABARD) Head office at Mumbai
It’s one amongst the premier agencies providing developmental credit in rural areas. NABARD is Bharat’s specialized bank for Agriculture and Rural Development in India. The initial corpus of NABARD was Rs.100 crores. resultant to the revision within the composition of share capital between Government of India and rbi, the paid up capital as on thirty-one March 2015, stood at Rs.5000 Cr with Government of India holding Rs.4,980 Cr (99.60%) and reserve bank of India Rs.20.00 crore (0.40%). Rbi sold-out its stake in NABARD to the govt. of India, that currently holds ninety-nine stake. These organizations facilitate NABARD by advising and giving financial aid for the upliftment of the individuals within the rural areas and optimizing the agricultural method.
Chairman of NABARD | NABARD Chairman:
Harsh Kumar Bhanwala has taken charge as Chairman of the National Bank for Agriculture and Rural Development. Bhanwala succeeds Prakash Bakshi, who retired in Sept, the apex agriculture development bank in an exceeding statement. Bhanwala was an earlier executive at India Infrastructure non-depository financial institution (IIFCL). He had conjointly served as Chief head taking care of company planning, human resource development and credit improvement at IIFCL. Before joining IIFCL, Bhanwala had been Senior Vice-chairman in IL&FS Water Limited, undertaking development work in water and wastewater projects. He had conjointly worked Nabard in varied capacities as an officer. Bhanwala had conjointly been director of the Delhi State Cooperative Bank.
NABARD Functions | Functions of NABARD:
The bank is related to 3 main operations within the rural areas. It provides money, developmental and superordinate support to the target areas.
Financial Services: NABARD provides arrangements for credit facilities for modern and ancient agriculture and alternative activities. It provides customized schemes for various classes beneath finance and direct finance.
Short and medium term loans: It’s a dedicated PCD (Production Credit Department) to take care of short-term finance and purification facilities. NABARD provides concessional finance facilities to the State Cooperative Banks and also the RRBS for production functions. It conjointly provides relief to farmers just in case of crop harm because of natural calamities.
Long Term Loans: NABARD promotes capital formation and quality creation through credit investment. It helps farmers in technological up gradation to extend production, productivity and induce progressive financial gain factors. future loans are provided for three to fifteen years.
The target sectors are agricultural activities, SMEs and also the SHGs within the rural regions.
Schemes for refinancing underneath non-farm sector: Loans are given following functions – Rural Housing, Renewable energy, small road, and water transport operators, self-employment schemes for ex-service and loan help for margin cash.
NABARD schemes | Schemes of NABARD:
The National Bank for Agriculture and Rural Development is bracing up to provide a giant push to develop primary agriculture cooperative societies as multi-service centers, by providing them low- or zero-interest loans in place of grants. PACSs are expected to use such loans or perhaps grant to support the fixing of information dissemination centers, give coaching to farmers and bear the initial body price to start out a brand new business. Solely that the societies cannot use them towards the capital cost of a project. The source for such assistance would be a producer organization development fund shaped by the state-run Nabard, headquartered during this metropolis. The corpus is envisaged to be of facilitating to concerning 77,000 agri coops across the country.
Nabard conjointly plans to supply a loan to district central cooperative banks (DCCBs) to support PACs. Such banks would be allowed to charge a most of one per cent extra interest over and on top of the Nabard-charged rate of interest. If DCCBs get loans sanctioned at ten per cent interest, they’re not expected to charge quite eleven percent from PACSs. Loans are routed through regional rural banks, wherever DCCBs isn’t in the physiological state. Within the case of loans routed through DCCBs and RRBs, Nabard would still be concerned with identifying PACSs, appraising proposals and observation project implementation and loan recovery.
These initiatives are a part of broad tips that the 1982-founded Nabard has issued for developing PACSs into multi-services centers. A Nabard official said on Saturday that PACSs may play an important role in providing input facilities to members — within the sort of money of kind component. They’ll conjointly help in providing agriculture implements on hiring basis, besides storage facility, he told Business normal. “However, to extend the business portfolio of PACSs and create it a self-sustainable entity, it’s essential that they ought to give extra services. These include the enabling of collective purchase of inputs and quality storage capability as per the negotiable warehouse receipt system,” he noted. Also, PACSs will facilitate curb incidents or avert things that force farmers to travel for distress sale of the manufacturer within the wake of immediate credit.
NABARD Subsidy | Subsidy of NABARD:
The National Bank for Agriculture & Rural Development in association with the Union ministry of latest and renewable energy has firmed up plans to promote solar power penetration through a multi-agency approach. Nabard, surpass the central government, has launched a capital subsidy-cum-refinance scheme for installation of solar off-grid applications. this is often to enable cooperative banks and regional rural banks to increase capital grant and loans at subsidized rates to individuals opting to put in solar applications like home lighting, water heaters, and irrigation pumps. Nabard administrator Prakash Bakshi told Business Standard: “Under the scheme, the borrowers can get thirty per cent capital subsidy and loan at 5 percent interest every year for putting in solar devices in their premises.
To begin with, the scheme would cover solar home lighting systems having PV module capacities starting from ten Watt-peak to two hundred Wp per unit and Flat Plate and exhausted Tube Collector-based water heating systems. The theme is probably going to be extended to cover higher PV modules shortly.” He said Nabard was conjointly encouraging banks to line up demonstration solar home light (SHL) units in regarding twenty of their branches, with fifty per cent grant from Nabard. “Over ten RRBs and 3 cooperative banks have opted to try and do so. the common value of associate degree SHL is regarding Rs 13,500, with a loan of regarding Rs 10,000 per unit. The advantage is that villagers see a live demonstration of the effectiveness of the SHL once they visit the branch and will take loans on being happy that it’s helpful.
Since this can be a home lighting system, it’s not expected to get revenues, however, the savings made on kerosine and erratic electricity is enough to repay the loan in 3 to four years.” According to Bakshi, finance of SHL has been preoccupied during a huge method by twenty-five RRBs, that have supported 100,000 such units. “The lead is taken by Aryavart Grameen Bank in the province, that alone has supported over 20,000 units. The Gurgaon RRB has conjointly supported concerning 10,000 units. it’s currently discovering in Rajasthan and also the six RRBs of the state have planned to finance 70,000 SHL units throughout this year,” he informed.
NABARD Recruitment | NABARD Career:
NABARD Recruitment 2017-2018 – Apply on-line for Specialist Officer & Asstt Engineer Posts: a National Bank for Agriculture and Rural Development (NABARD) has proclaimed a notification for the enlisting of Specialist Officer, Assistant Engineer vacancies at Junior and Middle levels on a contract basis. Eligible candidates might apply on-line from 21-12-2016 to 05-01-2017. alternative details like age limit, educational qualification, selection method, application fee & the way to apply are listed below:
Educational Qualification: Applicants ought to possess Second category Post Graduation Degree in Economics/Agriculture Economics/ Finance for Post 1a, CA/ MBA in Finance, B Tech/ BE with master’s degree Finance for Post 1b, 1c, 1d, Post Graduation in Economics/ Finance/Law/ Business for Post 1e, Bachelor’s Degree in Visual Communication/ certification in educational design for Post 1f from a recognized university with relevant expertise.
Age Limit: Applicants age ought to be sixty-three years as on 31-12-2016. Age relaxation is applicable for SC/ ST/ OBC candidates as per GOI directions.
Selection Process: Based on Interview the Applicants are going to be selected.
NABARD Vacancy Details:
There are total 12 posts in NABARD:
|1||Research Associate||3 Posts|
|2||Project Finance Manager (Consortium Lending)||1 Post|
|3||Project Finance Manager (Infra.-PPP)||1 Post|
|4||Project Finance Manager (MSME & Rural Housing)||1 Post|
|5||Risk Manager||3 Posts|
|6||Manager – Corporate Communication||1 Post|
|7||Compliance Officer||1 Post|
|8||Assistant Engineer (Civil)||1 Post|
Apply online for NABARD | How to Apply for NABARD:
1.Before applying on-line candidates ought to have a valid login credential & scanned copies of photograph & signature.
2. Log in through the website www.nabard.org.
3. Click on “apply now”
4. choose the specified post & Click on “Click here to Apply”.
5. Fill all the main points rigorously & submit the form
6. Take the output of the on-line application for future use.
Application Fee: Applicants ought to pay Rs. 500/- (Rs. 450/- for application & Rs. 50/- for Bank Charges) for all others class, Rs. 50/- (only Bank charges) for SC/ ST applicants.
Important Dates of NABARD 2017:
|1||Starting Date of Applying online||21-12-16|
|2||Last Date of Applying online||5-01-17|
|3||Online payment fee Date||21-12-16 to 2-01-17|
Overview of NABARD:
NABARD Exam Pattern 2017-2018:
The board goes to organize Grade A and Grade B examination for the Assistant manager and manager posts. The candidates can check below for the program details. The program for Grade A and B are totally different.
Both Grade A and B can have 3 phases of examination i.e., preliminary, main examination and interview. The program, topics, and marks for every section of the examination are given below. Candidates are requested to travel through entire details and may conjointly transfer previous papers for best preparation.
NABARD Syllabus 2017-2018:
Quantitative Aptitude Syllabus:
- Arithmetic (Time and work, Time and Distance, Profit and loss, Mixtures, Simple and compound interest, Problems based on ages)
- Data interpretation
- Permutation and combinations
- Data sufficiency
- Seating arrangement
- Problems based on ages
- Blood relations
- Reading comprehension
- Para jumbles
- Cloze test
- Spotting errors
- Synonyms and antonyms
Computer Awareness Syllabus:
- Computer generations
- Computer languages
- Computer devices
- Microsoft Office suit
Descriptive Paper I (General English):
- Essay writing
- Precis writing
- Letter writing
- Report writing
- Reading comprehension
Descriptive Paper I (General English):
- Indian economy
- Social issues
- Latest topics
Descriptive Paper II:
- Financial inclusion
- Kisan credit card
- Curse of Synthetic and Adulterated Fertilizers
- Lack of financial awareness among farmers
- How to increase the business of a bank branch in a rural area?
- How to widespread handicraft industry
- How financial position of agricultural laborers can be improved
- Why government’s social improvement schemes are not implemented and deserving people not getting the benefits. How to eradicate this problem.
- Basics of Income Tax, Service tax, and VAT
- Basic accounting concepts and principles
- Accounting standards
- IRDA – Working and Functions
- SEBI – Working and Functions
- RBI – – Working and Functions
- Stocks – Redemption, Issue of share, Right issue, Preference shares accounting
- Cost accounting concepts
- Management accounting concepts
- Negotiable instruments
- Contract Act
- Partnership Act
- Company law
- Provident fund act
- Gratuity Act
- Provident fund act
NABARD Admit Card 2017-2018 | NABARD Hall Ticket 2017-2018:
NABARD Development Assistant Manager Admit Card 2017-2018: A National Bank for Agriculture and Rural Development is currently the method of organizing examination of the event Assistant post that link of admit card is published in the main portal at www.nabard.org. The examination goes to be hung on the month of Nov/Dec numerous examination center and as per list with is prescribed by the govt. behalf. it’s predicted as a huge variety of crowd goes to seem within the examination as immense variety of candidates has given their applications.
After Filling the on-line or Offline form and before fifteen days of written examination admit card are generated on its official website and people admit card belongs to the National Bank for Agriculture and Rural Development. National Bank for Agriculture and Rural Development is additionally referred to as on NABARD. it absolutely was established on twelfth July 1982. its main headquarters are set in Bombay, Maharashtra. the purpose formed of NABARD was that promote the property and equitable agriculture and rural prosperity through effective credit support, connected services, establishment development and different innovative initiatives. At this point bank desires of personnel to regulate work in the banking industry.
Steps to Download Admit card 2017-2018:
- Visit the official website at www.nabard.org.
- In the home page choose link Admit Card of NABARD Bank Development Assistant 2017 so click on that.
- In the next pages that seem on screen refill all needed details.
- Such as license number, Date of Birth etc so click on submit button.
- Admit card can then see on the screen.
- Check out details as are showing in admit card.
- Take out a print of identical for future use.
NABARD Result 2017-2018:
National Bank for Agriculture and Rural Development has declared NABARD DA Result 2017. To appoint candidates for eighty-five vacant post of Development Assistant generally and Hindi, Pre-test was conducted by NABARD on tenth Nov 2016. So, aspirants who had appeared in NABARD DA test might check their Roll No. in advantage list. Appliers also are informed that they will transfer NABARD discontinue Marks list in PDF format through an official website that’s nabard.org At the to a lower place section of this page we tend to also are providing some straightforward steps to urge NABARD Result instantly.
NABARD Development Assistant cut off Marks | NABARD Cutoff Marks 2017-2018:
The abbreviation for the NABARD is a National Bank for Agriculture and Rural Development. This bank came into existence on twelfth July 1982. Its headquarters of NABARD is found at Mumbai and has its branches altogether over India. the most motive of this bank is “Institutional Credit for Agriculture and Rural Development”. NABARD conjointly works for the event of tiny industries like agriculture primarily based industries. Several staff is operating with this bank to supply higher service.
NABARD conjointly offer a platform to those aspirants who need to create their career in banking sector. Time to time, this bank conjointly free varied NABARD Job Notifications to appoint job seekers on vacant posts. Currently, NABARD achievement has been publicized to appoint candidates for vacant posts of Development Assistant. After that, the examination was endured tenth November 2016, large numbers of scholars had appeared during this examination. If you’re one among them then you will transfer currently NABARD da Result 2017 from the official website.
Steps to Download Cutoff Marks 2017-2018:
Step 1: Initial and foremost step is to go browsing official website that’s www.nabard.org
Step 2: Currently you need to hit at “Careers” tab given at the menu bar of home page.
Step 3: On next page, you’re required to hit at “Development Assistant” link for “Preliminary examination for Development Assistant and Development Assistant (Hindi)”.
Step 4: once hitting this link advantage list of qualifying candidates can seem in PDF format. you’ll check your Roll No. in NABARD cut off the list.
Step 5: Currently you’re suggested to transfer it or save it on your desktop.
Step 6: Lastly, take the print out of it and keep it for future use.
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