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National Bank for Agreculture and Rural Development (NABARD)

Category:
  • Development Finance
  • Finance
  • Government
  • Government Entity
Focus:
  • Economic
  • Social
Location:
  • Maharashtra
  • National
Organization Description:

NABARD is India’s apex development bank, established in 1982 under an Act of Parliament to promote sustainable and equitable agriculture and rural development. It refinances cooperative banks, regional rural banks, and commercial banks; finances rural infrastructure through dedicated funds; supports farmer-producer organizations; and implements Government of India initiatives in agriculture, irrigation, animal husbandry, fisheries, and financial inclusion.

Role in Indian Shrimp Aquaculture: NABARD is the nodal loaning entity for the Fisheries and Aquaculture Infrastructure Development Fund (FIDF), channeling concessional finance to state governments and private entrepreneurs for hatcheries, harbors, seed farms, disease labs, cold chains, and quarantine facilities central to Indian shrimp. It also refinances bank lending to shrimp farmers and supports FPOs and SHGs in coastal regions.
Contact: www.nabard.org/contact.aspx?id=6&cid=18
Website: www.nabard.org/EngDefault.aspx
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