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NABARD celebrated its ____ Foundation Day on July 12, 2023.
A)
31st
B)
36th
C)
40th
D)
42nd

Correct Answer :   42nd


The National Bank for Agriculture and Rural Development (NABARD) celebrated its 42nd Foundation Day on July 12, 2023.

* The day was marked by a series of events across the country, including a webinar on the theme of “NABARD: 42 Years of Rural Transformation.”

* The webinar was addressed by the Union Minister of Agriculture and Farmers’ Welfare, Shri Narendra Singh Tomar, who highlighted the important role that NABARD has played in the development of rural India.

* He said that NABARD has helped to increase agricultural production, improve rural infrastructure, and promote financial inclusion in rural areas.

* The webinar also featured presentations by senior officials from NABARD, who discussed the bank’s various initiatives in the areas of agriculture, rural development, and financial inclusion.


Significance of NABARD Foundation Day :

* The significance of NABARD Foundation Day is to celebrate the achievements of the National Bank for Agriculture and Rural Development (NABARD) in promoting rural development in India.

* NABARD was established in 1982 to provide financial and developmental support to the agricultural and rural sectors.

* The bank has played a significant role in increasing agricultural production, improving rural infrastructure, and promoting financial inclusion in rural areas.

* NABARD Foundation Day is also an opportunity to recommit to the bank’s mission of helping rural communities thrive.

* The bank has a long-term vision of making rural India prosperous and self-reliant.

* NABARD Foundation Day is a time to reflect on the bank’s progress towards this vision and to recommit to working with rural communities to achieve it.

Published On : July 12, 2023
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