• Dr.Anurag Kumar

ABSTRACT Financial institutions are an important component of an efficient financial system which is a prerequisite for the economic development of any country. As the Indian economy comprises a significant part of rural population, the development of our economy mainly depends upon rural & agricultural progress, which in turn is subject to many factors like entrepreneurship, transportation & communication facility, efficient production techniques, skillful management methods and above all timely & adequate financial resources. In this context, the importance of financial institutions can hardly be exaggerated. By encouraging the entrepreneurship and by supplementing the available financial resources of the small and cottage industries and by meeting the long & medium term financial requirements of the agriculture as well as industrial sectors, these financial institutions play a significant role in the agriculture and rural development of the country. Among the financial institutions meant for the agriculture finance & agriculture development, NABARD ( National Bank For Agriculture And Rural Development) occupies an apex place. It came into existence on July .12.1982, by an act of Parliament. It has been assigned the task of providing credit flow for promotion & development of agriculture, small scale industries, cottage & village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with the objective to promote integrated & sustainable rural development and to bring prosperity to rural areas. It’s mandate touches practically every aspect of real life. This paper will focus on the various schemes and assistance which are provided by the Nabard and how these schemes are benefited for society as well as rural people, farmers and entrepreneurs. These schemes are related to various fields or areas. A glimpse of key areas are ::  Automatic Refinance Scheme (ARF)  Rural Housing  Renewable Energy  Investment Credit  Production Credit  Farm sector  Non farm sector  Institutional Development  Financial Inclusion  Micro credit Innovations  Research & development  Banking Assistance to Cooperative banks  Infrastructure Development assistance Objectives: 1. To find out the contribution of NABARD in Rural development through various schemes and policies. 2. To find out the financial assistance provided by NABARD for the rural development in these schemes. 3. How the rural people ,farmers and entrepreneurs, are benefited by these schemes of NABARD Research Methodology – Research Design: A Descriptive research method will be used in this paper. Sources of data: : Secondary sources will be used for data collection through websites, newspaper, journals, papers, magazines etc. Keywords; NABARD Financial Institution, Rural development

NABARD Financial Institution, Rural development

"ROLE OF NABARD IN RURAL AND AGRICULTURE DEVELOPMENT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 7, page no.742-750, July-2018, Available :http://www.jetir.org/papers/JETIR1807349.pdf

"ROLE OF NABARD IN RURAL AND AGRICULTURE DEVELOPMENT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 7, page no. pp742-750, July-2018, Available at : http://www.jetir.org/papers/JETIR1807349.pdf