Nabard Simplified Part 1: Nabard Notification Explained

Dear BA’ians,

• 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

• 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).

• 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.

• 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.

• 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., 

• 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