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GK MCQs Section
Q. Which agency refinances banks for agriculture and rural development?
Answer: NABARD
Notes: NABARD was established on 12 July 1982 by an Act of Parliament. It provides refinancing to banks and financial institutions for loans given to agriculture and rural development. The head office of NABARD is in Mumbai. NABARD supports cooperative banks, regional rural banks, and commercial banks with credit for the rural sector. NABARD operates under the Reserve Bank of India.
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