It was established on July 12, 1982, by an Act of Parliament (Act 61 of 1981), based on the recommendations of the Committee to Review the Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD) chaired by Shri B. Sivaramman.
NABARD came into existence in the year
Asked in UPPSC Upper Mains 2014 · Topic: Money & Banking (Cooperative Banks and Development Financial Institutions (DFIs))
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