Role of RBI and NABARD in Agricultural Development
Functions and objectives of the Reserve Bank of India (RBI) and the National Bank for Agriculture and Rural Development (NABARD) in promoting agricultural finance. Learn about the establishment, funds, and credit control mechanisms implemented by RBI, as well as the pivotal role NABARD plays in rural development and credit provision.
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Presentation Transcript
LECTURE PREPARED BY - Dr. J P Singh Associate Professor (SGRRU, Dehradun ) DEPARTMENT of AGRICULTURE SHRI GURU RAMRAI UNIVERSITY, DEHRADUN UTTARAKHAND
Outline Higher financing agencies Reserve bank of India Objectives and functions Role of RBI in agricultural development and finance NABARD International bank for reconstruction and development International monetary fund International development agency Asian development bank
Reserve Bank of India (RBI) Establishing year 1935 Headquarter in Mumbai Objectives- Regulate the issues of bank notes Secure monetary stability in the country Operate currency and credit system to its advantages Agricultural credit department To coordinate the functions of RBI with other banks. To study all the questions of agricultural credit. Provide legislation to check private money lending.
RBI Funds for Rural Credit Sir Gorwala in 1954 suggested rural credit, after amending RBI act 1934, National National Agricultural credit fund 1955 Agricultural credit Stabilization fund 1956 RBI funds
Functions of RBI Functions- Provision of finance Promotional activities Regulatory functions Provision of finance- Provide necessary finance needed by the farmers. Advances long term loans to state government. Advances medium term loan to state government. Extends refinance facility to RRBs only to extent of 50%.
Credit Control/ Credit Squeeze Credit Control/ Credit Squeeze Quantitative or General credit control Qualitative or selective credit control
NABARD NABARD stands for national bank for agriculture and rural development. It was formed on 12 July 1982. It provides all types of production and investment credit for agriculture and rural development. Operates from Mumbai and has 17 regional offices in major states 10 sub offices in small states/UTs. 213 district. Total 15 members including MD and Chairman in Board of Management. Objectives- Apex institution Promote and integrate rural development Provides direct credit to any institution or organization. Maintain close links with RBI.
Functions of NABARD Development Activities Regulatory activities Credit activities Functions
World Bank International bank for reconstruction and development (IBRD) also called World Bank. It was formed in 1945. Its aim is to reduce poverty by promoting sustainable economic development in member countries. Functions- Development activities. Providing loans Consultancy Research and training Trust fund administration Investment management
Affiliated Organization of WB Multilateral Investment Guarantee Agency (MIGA) International financial corporation (IFC) International Development Association (IDA)
International Monetary Fund (IMF) It is an international organization. Headquarters is located in Washington DC USA. Working since 1945. It has185 member countries. Functions- Helping in international trade that is business between countries. Looking after exchange rates. Looking after balance of payments. Helping member countries in economic development.
Asian Development Bank (ADB) It is economic and social development bank in Asia and pacific countries. Headquarters is located in Manila Philippines. Working since 1966. It has67 member countries. Functions- Provide loans and equity investment to its developing member countries. Provides technical assistance for the planning and execution of development. Facilitates investment of public. Assist in economic development.
Thank you Prepared By - Dr. J P SINGH ASSOCIATE PROFESSOR DEPARTMENT OF AGRICULTURE AND AGRONOMY
