Wednesday, 6 April 2016

Nabard Simplified Part 1: Nabard Notification Explained

Dear BA'ians,

A lot of you have send us query asking us to explain the Nabard notification that had come out a few days back for the post of officer Grade A and Grade B.

We bring to you the entire notification cum syllabus break up in 3 parts .

Following is the part one of the article, explaining you the notification and the requirements of the post in details:

Nabard exams for the officer scale grade A and Grad B will be computer based on-line( MCQP) Examination divided into 3 parts i.e. Phase I, Phase I, and Phase III which will be the interviews.

Applications are invited for the post of Assistant Manager( Grade B) and Grade A in rural development Banking Services( RDBS)  in national bank for Agriculture and Rural Development( NABARD.

Before we go any further, lets understand what NABARD is exactly.

What is Nabard?

ORGANISATION
National Bank for Agriculture and Rural Development (NABARD) was established on 12 July 1982 by an Act of the Parliament to promote sustainable and equitable agriculture and rural prosperity through effective credit support, related services, institutional development and other innovative initiatives.
The main objective behind the set up of NABARD was to uplift rural India by increasing the credit flow for elevation of agriculture & rural non farm sector.
  • NABARD replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC). 
  • Headquarters of NABARD is situated in Mumbai, Maharashtra, India. The Present Chairman of NABARD is Dr. Harsh Kumar Bhanwala
  • NABARD completed its 25 years on 12 July 2007 and Completed its 30 year in 12 July, 2012. NABARD announced Rural Innovation award to celebrate it’s 30th foundation day


FUNCTIONS AND DUTIES
1) Credit


  • Refinance support to Rural Financial Institutions (RFIs), mainly to Cooperative Banks and Regional Rural Banks, for Seasonal Agricultural Operations, handloom weavers, marketing operations, etc for increasing flow of long term credit to create assets and capital formation in agriculture and allied sector
  • Direct refinance assistance to Cooperative Banks for providing short term multipurpose credit
  • Credit facility to Marketing Federations, Corporations and Cooperatives
  • Loans to State Governments for creating rural infrastructure from Rural Infrastructure Development Fund (RIDF)
  • Loans for creation of warehousing infrastructure to State Governments, State and Central Government owned entities, Cooperatives and Federation of Cooperatives, Corporates/ Companies, individual entrepreneurs, etc., from Warehousing Infrastructure Fund (WIF)
  • Direct lending to state owned institutions /corporations, Cooperatives, Producers’ Organizations, etc., under NABARD Infrastructure Development Assistance (NIDA).
2) Developmental Initiatives:
  • Credit Planning, Monitoring and Coordination along with various stakeholders in increasing the ground level credit flow and capital formation in agriculture sector
  • Policy formulation by GoI, RBI, State Governments on agriculture credit, rural development, institution development and related matters Research and studies, techno-economic and other surveys, training, dissemination of information in agriculture and rural development and rural banking
  • Financial Inclusion for inclusive growth
  • Self-Help Group Bank Linkage Programme
  • Promotion of Women SHGs in backward/left wing extremism affected districts
  • Formation of Joint Liability Groups of marginal and tenant farmers
  • Promotion of livelihood opportunities and micro enterprises
  • RFIs to issue Rupay Kissan Credit Cards
  • Farmers’ Club programme
  • Watershed Development Programme
  • Integrated Tribal Development Programme
  • Producers’ Organizations
  • Pilots to mitigate the adverse impact of climate change in agriculture sector and promoting initiatives in an ecologically sustainable manner
  • Productivity augmentation and technology transfer
  • Creating livelihood avenues through skills development in off-farm sector.
  • Institution Building Initiatives:
  • Building of Rural Financial Institutions, capacity building of its personnel and Board Members of Credit Cooperatives
  • Developing innovative products for greater outreach and business development of RFIs
  • Core Banking Solutions in Cooperative Banks and linking them to payments system through RTGS/NEFT
  • Financial inclusion by RFIs with focus on information, communication and technology
  • Development and growth of business of Primary Agriculture Cooperative Societies (PACS) through Central Cooperative Banks
  • Developing Primary Agriculture Cooperative Societies (PACS) as Multi Service Centres.
3) Supervision:


  • NABARD undertakes statutory inspection of Regional Rural Banks (RRBs) and State Cooperative Banks (StCBs) and District Central Cooperative Banks (DCCBs), voluntary inspection of State Cooperative Agriculture and Rural Development Banks (SCARDBs) and their off-site surveillance.
  • Others – Government of India Programmes:NABARD Coordinates with Government of India in the implementation of:
  • Select Government’s programmes such as National Rural Livelihood Mission (NRLM), Prime Minister’s Jan Dhan Yojana (PMJDY), etc.
  • Select Government of India Capital Investment Subsidy Schemes as a pass through agency.
  • The detailed functions and duties of NABARD are available in the respective Department’s page.
Coming back to the notification:
Candidates can apply on-line from 23rd March 2016- 13th April 2016. Only on-line Applications are allowed.
Website: www.nabard.org

Points to remember while filling up the form:
  • Do not forget to mention the Nabard Officer Post i.e which grade you are applying for between Grade A and Grade B i.e, mention Grade B only if you have had experience as an officer for a minimum of 3 years before.
  • In the education Qualification page: please note that you need a minimum of 50% in your graduation or your masters to be eligible. 
  • Also fill up your Job experience column with care, you will be expected to show a proof of everything that you mention in the form, even if you fill up the emolument( basically salary) you might have to show the salary slip at the time of the interviews. So be careful about what you fill.
  • While using Chrome you might encounter some problem while making payments, a page might pop up saying that your network is not secure, A link by the name proceed to to safety will be there, ignore that and click on the link Advanced, and then click on the link proceed without the safety option. Following these steps you will be able to make payments.
  • To avoid these security issues, you can fill up the form in other browser like the mozeralla , internet explorer, there you might not encounter such security issues., 
The exam will take place in 3 phases, i.e.
Phase I( Preliminary) - Online Exam Date- 8th May 2016
Phase II( Main) - Online Exam Date- 5th June 2016
lastly the interviews
Please Note: All the subjects of the Phase II exams will be examined on the same day itself.

GRADE A:
Number of post's for Grade A:
Total- 100
General- 50
SC-15
ST- 8
OBC-27

Age Group of the Applicants: 21-30 for freshers.
Note: Any one with experience as an officer having worked full time in Commercial / Cooperative / Regional Rural Banks/ FIIs/Corporates /Non Banking Finance Companies as also prior experience in
NABARD, will get an relaxation in age upto a maximum of 3 years depending on the number of years worked( not considering fractions).
e.g.: A has worked for 1.2 years and is 31 years of age, then A will get a relaxation of 1 year.

Qualification:
(i) A Bachelor’s degree in any discipline like, Agriculture, Veterinary Sciences, Animal Husbandry, Fisheries, Dairy Technology, Horticulture, Arts, Management, Commerce, Science, Engineering, Information Technology etc. with a minimum of 50% marks or an equivalent grade, in aggregate of all semesters / years ( So basically any graduate with 50% marks can apply)
or
(ii) Master’s degree in Agriculture, Veterinary Sciences, Animal Husbandry, Fisheries, Dairy
Technology, Horticulture, Arts, Management, Commerce, Science, Engineering, Information
Technology etc. with a minimum of 50% marks or an equivalent grade, in aggregate of all
semesters / years
or having a
(iii) A Doctorate Degree
or someone who is a
iv) Chartered / Cost Accountants / Company Secretary (ACS) with a Bachelor's Degree
or who is a
(v) Two Year Full time PG Diploma in Management / MBA Qualification from institutions
recognised by GoI / UGC, with Graduation / Bachelor's Degree 

Job requirements and Salary:
Positives :
1. Nabard is any time better than a PO job in bank in terms of salary, perks and work life balance
2. Salary and perks among best in industry
3. Postings only in state capitals and metros
4. Five day working. Negligible late sitting, fixed timings
5. Salary is due for revision and is at par with RBI salary
6. Coming to monetary benefits
  • Initial Salary of around 40000 Gross
  • Monthly Perks are around 14000
  • Allowances other than Salary ?
  • Telephone(Rs. 1000/-),News Paper(Rs.1000/-),Maid(Rs.2000/-),Petrol(120 Ltrs ) If you own car otherwise walking allowances Rs.4000/- Per month. :) All amount credited quarterly. Around 22000 every 3 Months.
  • Office provided accommodations in all cities including Mumbai ( A good 2BHK is worth more than 20K in Mumbai I think )
  • Many other fringe benefits are also there
Nabard as a organization commends great respect if you go for UPSC interview. . Working for rural and agricultural domain is always  gives a good impression on your CV aswell

Negatives :
1. Managing transfers and promotions is an issue
2. Be ready for little red tapism

What are the Chances of getting Home posting in NABARD ?
Posting may be in mizoram, Nagaland,Tamil Nadu,Bihar, Jharkhand any where but not your Home State as HR policy do not permit this. NABARD is located in cities but you will be dealing with rural development stuff.

Which one is better – SBI/Public Sector Bank PO or NABARD AM ?
Growth wise NABARD is not comparable to a Public Sector Bank PO. The area of operations is very limited unlike in Commercial Public Sector bank. But NABARD provides relatively easy job, less pressure and better postings( which are absent in initial years of Bank PO)

But promotions are better in public sector commercial bank, with promotions salary too increases and many different opportunities like treasury, credit, foreign postings, retail banking etc.

Conclusion : It is ideal for someone who wants to Prepare for Competitive Exams like UPSC as you will get 2 days off on Saturday-Sundays and even the Work Pressure is low unlike PO .

GRADE B:
Number Of Posts For The Grade B
Total- 15 
General- 8
SC- 2 
ST- 1  
OBC-

Age Group of the Applicants: 25-35
Requirement: Atleast 3 years of experience as an officer in Commercial / Cooperative / Regional rural Banks/ FIIs/Corporates /Non-Banking Finance Companies.

Qualifications:
Same as that for GRADE A, for more details see the page 5 and 6 of the notification.


We will post the next article "Detailed Syllabus and The Books" Tomorrow


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