🏡 NABARD

What is NABARD

• NABARD (National Bank for Agriculture and Rural Development) is an apex development bank in India that was established in 1982.
• It’s head quarter is in Mumbai with 31 Regional Offices at all Indian state capital cities.
• It is like RBI of Agriculture & Rural Sector.
• NABARD is an all India Apex Organization and completely owned by Government of India (GoI).

What NABARD DO?

• NABARD is dedicated to promoting sustainable and equitable agriculture and rural development in India through financial and non-financial interventions, innovations, technology, and institutional development.
• The main purpose of NABARD is to foster rural prosperity in the nation, as it is the only development bank in India with this focus. It has three key roles that help it achieve its goal:
• Financial Functions: NABARD provides both direct financing to entities such as state governments and District Central Cooperative Banks, and indirect financing through refinancing to banks including commercial banks, Regional Rural Banks, and Cooperative Banks, for farm-sector loans at a reduced interest rate. It also prepares district level credit plans (DLCP) and finances rural infrastructure projects.
• Developmental Functions: NABARD’s developmental role involve designing and implementing development schemes, trains handicraft artisans, provides a marketing platform for selling their products, and guides and motivates the banking industry in achieving their targets. Developing banks such as State Cooperative Agriculture and Rural Development Bank, Regional Rural Banks, and supporting Self Help Groups and Farmers Producers Organizations, among other things. It also has various development funds, such as the Watershed Development Fund for loans to state governments and NGOs for watershed development, the Tribal Development Fund, and the Climate Change Fund, for which NABARD is a national implementing authority.
• Supervisory Functions: NABARD is authorized to inspect State Cooperative Banks, District Central Cooperative Banks, and Regional Rural Banks, and also voluntarily inspects other state-level cooperative institutions. It also provides suggestions for strengthening these institutions to play a more effective role in providing rural credit. It helps institutions to develop sound banking practices, and onboards them to the CBS platform.

Vision:

Development Bank of the Nation for Fostering Rural Prosperity

Mission:

Promote sustainable and equitable agriculture and rural development through participative financial and non-financial interventions, innovations, technology and institutional development for securing prosperity.

History of NABARD

• NABARD was established on July 12, 1982, by transferring the agricultural credit functions of the Reserve Bank of India (RBI) and the refinance functions of the then Agricultural Refinance and Development Corporation (ARDC).
• The need for a development financial institution to address the critical aspects of rural development was outlined in the interim report submitted by the Committee to Review the Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD), constituted by the RBI at the instance of the Government of India in 1979.
• NABARD was dedicated to the service of the nation by the late Prime Minister Smt. Indira Gandhi on November 5, 1982.
• Its initial capital was Rs.100 crore, and its paid-up capital stood at Rs.17,080 crore as of March 31, 2022.
• It is now fully owned by the Government of India.
• Over the years, NABARD has played a crucial role in promoting financial inclusion and improving the lives of people in rural areas of India through its initiatives and programs.

NABARD Compaired to Commercial Banks

👉🏻 The function performed by NABARD is highly varied compared to commercial banks. The following are a few of the many perks of working with NABARD:

• Commercial banks primarily focus on financing, but NABARD’s financial role is distinct, as it does not directly deals with the public and instead provides refinancing or indirect financing to government entities, non-governmental organizations (NGOs), etc. NABARD’s financing is restricted to institutions, not individuals. Means you will be less stressful as compared to public sector banks, where public dealing is involved.
• You will be reassigned to various departments every 2-3 years, providing a dynamic work environment.
• NABARD holds unique developmental and supervisory responsibilities that are not present in commercial banks.

Jobs/Vacancies at NABARD

• NABARD recruits Development Assistants
• NABARD recruits Assistant Manager through Grade A Officer Examination.
• NABARD recruits Manager through Grade B Officer Examination.
• NABARD recruits various other agricultural experts on contract basis from time to time with mandatory experience.

Eligibility: Assistant Manager

• The candidate must possess the required educational qualification as before notification. The result of final term / semester/ year examination of the required educational qualification must have been declared on or before publication of notification. In other words, candidates whose final year/semester results have been declared after publication of notification are not eligible to apply.
• Bachelor’s Degree in a particular discipline means that the candidate must have studied that discipline as main subject in respective degree course and it must be mentioned in the Degree Certificate issued by the University/Institute.
• There are different streams in NABARD in which you can apply. NABARD release different vacancies for different strems. It is not neccessary that NABARD will release vacancies in all streams like NABARD released 4 vacancies in General Agriculture Stream in 2020 notification but no vacancy in 2021 & 2022 notifications.

For Generalist Post

Bachelor’s Degree in any subject from a recognized University with a minimum of 60% marks (SC/ST/PWBD applicants - 55%) in aggregate OR Post Graduate degree, MBA/PGDM with a minimum of 55% marks (SC/ST/PWBD applicants - 50%) in aggregate OR CA/ CS/ICWA OR Ph.D from Institutions recognized by GOI/UGC .

For Specialist Post

General Agriculture

Bachelor’s Degree in Agriculture / Agriculture (Soil Science/Agronomy) with 60% marks (SC/PWBD applicants - 55%) in aggregate OR Post Graduate degree in Agriculture / Agriculture (Soil Science/Agronomy) with a minimum of 55% marks (SC/PWBD applicants - 50%) in aggregate from a recognised University / Institution.

Agriculture Engineering

Bachelor’s Degree in Agriculture Engineering with 60% marks (ST/PWBD applicants - 55%) in aggregate OR Post graduate degree in Agriculture Engineering with a minimum of 55% marks (ST/PWBD applicants - 50%) in aggregate from a recognised University / Institution.

Fisheries

Bachelor’s degree in Fisheries Science from a recognized University/Institution with 60% marks (ST/PWBD applicants 55%) in aggregate OR Post graduate degree in Fisheries with 55% marks (ST/PWBD applicants 50%) in aggregate.

Forestry

Bachelor’s degree in Forestry from a recognized University/Institution with 60% marks (PWBD applicants - 55%) in aggregate OR Post graduate degree in Forestry with 55% marks (PWBD applicants - 50%) in aggregate.

Food/Dairy Processing

Bachelor’s degree in Food Processing /Food Technology/ Dairy Sciences and /or Dairy Technology with 60% marks (ST/PWBD applicants - 55%) in aggregate or Post graduate degree in Food Processing /Food Technology/ Dairy Sciences and /or Dairy Technology with 60% marks (ST/PWBD applicants - 55%)in aggregate from a recognized University/Institution.

Agricultural Economics/Economics

Bachelor’s Degree with Economics/Agriculture Economics with 60% marks (SC/PWBD applicants - 55%) in aggregate or Post Graduate degree in Economics/Agriculture Economics with a minimum of 60% marks (SC/PWBD applicants - 55%) in aggregate from a recognized university. %) in aggregate

Land Development-Soil Science

Bachelor’s Degree in Agriculture / Agriculture (Soil Science/Agronomy) with 60% marks (SC/PWBD applicants - 55%) in aggregate OR Post Graduate degree in Agriculture / Agriculture (Soil Science/Agronomy) with a minimum of 55% marks (SC/PWBD applicants - 50%) in aggregate from a recognised University / Institution.

Plantation/Horticulture

Bachelor’s Degree in Horticulture from any recognized University with a minimum of 60% marks (SC/PWBD applicants - 55%) in aggregate OR Post Graduate degree in Horticulture with a minimum of 55% marks (SC/PWBD applicants - 50%) in aggregate.

Agriculture Marketing/Agri.Business Management

Bachelor’s Degree in Agriculture Marketing/ Agriculture Business Management with 60% marks (SC/PWBD applicants - 55%) in aggregate or Two years full time Post Graduate Degree/ Post Graduate Diploma/MBA in Agriculture Marketing/ Agriculture Business Management with a minimum of 55% marks (SC/PWBD applicants - 50%) in aggregate from a recognised University / Institution

Age

• The candidate must be between 21 and 30 years of age as on the date of notification publication
• Relaxation in Upper Age Limit: Upper age limit may be relaxed by -
  • 03 years in case of eligible OBC applicants,
  • a maximum of 05 years in case of:
    • Applicants belonging to SC/ST , if the posts are reserved for them
    • Ex-servicemen (including Emergency Commissioned Officers/Short Service Commissioned Officers) provided that the applicants have rendered at least five years continuous Military Service and have been released on completion of assignment (including those whose assignment is due to be completed within one year) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or on account of physical disability or have been released on account of physical disability attributable to Military Service or on invalidation
    • Emergency Commissioned Officers/Short Service Commissioned Officers who have completed their initial period of assignment of five years of Military Service but whose assignment has been extended beyond five years and in whose case, on selection, the Ministry of Defence issues certificates that they would be released within 03 months from the date of receipt of offer of appointment,
    • Children/family members of victims died in the1984 riots.
    • 10 years for PWBD (General); 13 years for PWBD (OBC) and 15 years for PWBD (SC/ST) applicants.

Roles & Responsibility/nature of work

• Identifying and mapping of resource potential under related sectors and sub sectors of rural economy and SWOT analysis thereof, credit-linked planning, preparation of sectoral papers , State Focus Papers, etc.
• Meeting requests from client institutions, especially Banks and Government Departments, for periodic updating of techno-financial parameters and unit costs of various developmental activities.
• Provision of expert views, advisory services, consultancy, etc. to individual entrepreneurs, Corporates, institutions, Government Departments etc. seeking such advice. This may be in contexts of preparation of DPRs, standardisation of techno-financial norms with specific reference to new agri-business ventures such as high value agriculture, value chain financing, processing and value addition, organic farming, etc.
• Liaison with National / Regional Research Institutes to support their R&D interventions to develop solutions to field level technical /operational problems and innovative technologies.
• Liaison with Line Departments of Central as well as State Governments, ICAR, and State Universities of related disciplines.
• Advisory services at District/State/National level in operationalization of several Government sponsored schemes pertaining to related disciplines.
• Representation on various technical committees/ subgroups constituted by State / National Level institutions etc. towards policy advocacy.
• Provision, and simultaneous internal capacity building, in the emerging areas of NABARD’s interest and projects being implemented by NABARD requiring specialisations / expertise from related discipline.
• Miscellaneous areas – suggestions / advice for effective policy formulations and business plans, Appraisal Monitoring of proposals having NABARD’s interest and/or involvement. Documentation of Success stories and dissemination technology for replication. Any support related to technical discipline sought from time to time.
• Specialized Discipline officers can be assigned other work as per administrative convenience of the Bank.

Reference

- https://www.nabard.org/