Nabard in Rural and Agriculture Development | Original Article

ABSTRACT:

Financial institutions are a crucial part of an effective financial system, which is a must for every nation's economic progress. The growth of our economy is largely dependent on rural and agricultural progress because a large portion of the Indian population lives in rural areas. This progress is dependent on a number of factors, including entrepreneurship, transportation and communication infrastructure, effective production methods, skilled management techniques, and, most importantly, timely and adequate financial resources. The significance of financial institutions in this setting cannot be overstated. These financial institutions play a crucial role in the rural and agriculture development of the nation by promoting entrepreneurship, enhancing the financial resources available to small and cottage industries, and meeting the long- and medium-term financial requirements of the agricultural as well as industrial sectors.