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What is the definition of small and marginal farmer by government of India and nabard?
Wiki User
∙ 11y ago
'Marginal Farmer' means a farmer cultivating (as owner or tenant or share cropper) agricultural land up to 1 hectare (2.5 acres).
'Small Farmer' means a farmer cultivating (as owner or tenant or share cropper) agricultural land of more than 1 hectare and up to 2 hectares (5 acres).
Wiki User
∙ 11y ago
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Who is the current chairman of NABARD?
Consequent upon completion of his term in NABARD, Shri Umesh Chandra Sarangi, Chairman, NABARD, has demitted office on 02 December 2010. Shri Rakesh Singh, Additional Secretary (FS), Department of Financial Services, Government of India will hold additional charge of Chairman, NABARD till such time a regular incumbent is appointed by the Government of India as Chairman, NABARD
What is the function of NABARD in India?
NABARD stands for the National Bank for Agriculture and Rural Development. The function of this establishment is to mandate the flow and promotion of agriculture in India.
Why farmer association is important for rural development?
Agriculture is a strictly seasonal occupation. Therefore, a farmer is dependent on inexpensive credit for inputs and machinery during sowing and harvesting season. However, he does not have any securities or possessions for collateral to finance a loan from the bank. Private moneylenders who ask for no collateral have high interest rates, which can initiate a debt-trap. This is where farmer associations come in. Farmers pool their securities to finance a loan from institutions such as NABARD or SBI (State Bank of India). This large amount of loan raised is then divided among the members as per their needs. This also has the added benefit (from point of view of the bank) that their is low risk of default because the farmers are jointly responsible for repayment. Other than this, associations facilitate mobility of farmers and pooling of fixed factors, as well as jointly procuring raw material and hiring transport services.
Who are top ten industrialists of India?
1. Akhila Srinivasan, Managing Director, Shriram Investments Ltd 2. Ekta Kapoor, Creative Director, Balaji Telefilms 3. Jyoit Naik, President, Lijjat Papad 4. Kiran Mazumdar-Shaw, Chairman and Managing Director, Biocon 5. Preetha Reddy, Managing Director, Apollo Hospitals 6. Priya Paul, Chairman, Apeejay Park Hotels 7. Rajshree Pathy, Chairman, Rajshree Sugars and Chemicals Ltd 8. Ranjana Kumar, Chairman, NABARD 9. Sharan Apparao, Proprietor, Apparao Galleries 10. Simone Tata, Chairman, Trent Ltd
What is the structure of Development Banks in India?
Credit cooperatives are the oldest and most numerous of all the types of cooperatives in India. The cooperative credit institutions in the country may be broadly classified into urban credit cooperatives and rural credit cooperatives. There are about 2090 urban credit cooperatives and these societies together constitute for about 10 percent of the aggregate banking business and therefore regarded as an important segment of the banking system. The urban credit cooperatives are also popularly known as Urban Cooperative Banks. The rural credit cooperatives may be further divided into short-term credit cooperatives and long-term credit cooperatives. With regard to short-term credit cooperatives, at the grass-root level there are around 92,000 Primary Agricultural Credit Societies (PACS) dealing directly with the individual borrowers. At the central level (district level) District Central Cooperative Banks (DCCB) function as a link between primary societies and State Cooperative Apex Banks (SCB). It may be mentioned that DCCB and SCB are the federal cooperatives and thus the objective is to serve the member cooperatives. As against three-tier structure of short-term credit cooperatives, the long-term cooperative credit structure has two tiers in many states with Primary Cooperative Agriculture and Rural Development Banks (PCARDB) at the primary level and State Cooperative Agriculture and Rural Development Bank at the state level. However, some states in the country have unitary structure with state level cooperative operating with through their own branches and in one state an integrated structure prevails. The organizational structure of the credit cooperatives in India is illustrated in chart I. Interestingly, under the Banking Regulation Act 1949, only State Cooperative Apex Banks, District Central Cooperative Banks and select Urban Credit Cooperatives are qualified to be called as banks in the cooperative sector. In other words, only these banks are licensed to conduct full-fledged banking business. The Co-operative Banks function in India on State Levels. Most of the Rural Co-operative banks function on Three-Tier and the Urban banks function on Two-Tier. At the National Level there is NABARD to organise the Agricultural Co-operatives. Also there is National Co-operative Union of India, as an apex instituion at National Level. The Reserve Bank of India controls the Co-operative Banks that falls under the Banking Regulation Act of 1949.
Who is the current chairman of NABARD?
Consequent upon completion of his term in NABARD, Shri Umesh Chandra Sarangi, Chairman, NABARD, has demitted office on 02 December 2010. Shri Rakesh Singh, Additional Secretary (FS), Department of Financial Services, Government of India will hold additional charge of Chairman, NABARD till such time a regular incumbent is appointed by the Government of India as Chairman, NABARD
Is NABARD a nationalised bank?
hi NABARD IS THE ONE OF THE APEX BANKS IN INDIA. TOTAL 5 APEX BANKS ARE THERE. THOSE ARE RBI, NABARD , EXIM BANK , IDBI , SIDBI . THESE ARE ALL WORKING UNDER UNION GOVERNMENT OF INDIA.
Which of the government of India is helping banks in disbursement of rural credit by the banks?
NABARD
What is RBI's share in NABARD equity currently?
1% rest 99% with Government of India
Where is the headquarter of nabard?
headquarter of nabard is located in mumbai.
Who is the government of NABARD?
NABARD stands for National Bank for Agriculture and Rural Development. It is one of the largest development banks in India which has its headquarters in Mumbai, Maharashtra, India. It was established in 1982 to help provide funding to the agricultural population of India. It is fully owned and controlled by the Government of India.
When was Nabard Shahrekord F.C. created?
Nabard Shahrekord F.C. was created in 2008.
What is the population of Kord-e Nabard?
Kord-e Nabard's population is 86.
Is the present presidentt of nabard in 2011?
name presiden of nabard (national bank for agriculture and rural development)
Meaning of nabard?
NABARD stands for National Bank for Agriculture and Rural Development. It is a development bank based in India.
Who is director of NABARD?
NABARD is Headed by Shri U C Sarangi, IAS, Chairman. Its Managing Director is Shri K G Karmakar.
Functional and structural relation between nabard and rrb?
According to NABARD ACT 1982 NABARD was set up to provide refinance to banks for all kind of agricultural investment and small scale industries and other allied activities.Erlier RBI use to the operations of Agricultural Refinance and Development Corporation for RRB. Now NABARD has taken over all these functions.
