It was established to provide medium-term and long-term project finance to Indian businesses. 3. Industrial Development Bank of India (IDBI): Established in 1964 as a wholly-owned subsidiary of the RBI, and later made an autonomous corporation. 4. National Bank for Agriculture and Rural Development (NABARD): Established in 1982 as an apex development bank providing credit for agriculture and rural development. The chronological order is therefore 1948, 1955, 1964, 1982, which corresponds to the sequence 1, 2, 3, 4. 161. The cooperative credit societies have a: The most common structure for cooperative credit societies, especially in agriculture, is organized at the village, district, and state levels.