The National Bank for Agriculture and Rural Development Act, 1981 was enacted with the primary objective of promoting rural development and agriculture in India.

The National Bank for Agriculture and Rural Development (NABARD) was established under the National Bank for Agriculture and Rural Development Act, 1981.

NABARD's main functions include providing financial assistance to farmers and rural businesses, promoting rural development and agriculture, and regulating the agricultural sector.

NABARD provides financial assistance to farmers and rural businesses through direct lending, refinancing of loans provided by cooperative banks and regional rural banks, and issuing bonds and debentures.

NABARD plays a crucial role in promoting rural development and agriculture by providing financial assistance to rural infrastructure projects, promoting rural industries and handicrafts, and developing rural marketing infrastructure.

NABARD regulates the agricultural sector by setting interest rates on agricultural loans, regulating the activities of cooperative banks and regional rural banks, and monitoring the flow of credit to the agricultural sector.

NABARD plays a vital role in providing financial assistance to the agricultural sector, contributes to the overall economic development of the country, and helps in reducing regional disparities.

NABARD was established on July 12, 1982.

As of my knowledge cutoff in September 2021, Govinda Rajulu Chintala is the current Chairman of NABARD.

The authorized capital of NABARD is Rs. 5,000 crore.

The paid-up capital of NABARD is Rs. 3,500 crore.

NABARD has a total of 30 regional offices across the country.

As of my knowledge cutoff in September 2021, NABARD has around 12,000 employees.

The headquarters of NABARD is located in Mumbai, Maharashtra.

The official website of NABARD is www.nabard.org.