Who is the present Chairman of National Bank for Agriculture & Rural Development?
VerifiedAnswer: Harsh Kumar Banwala
Explanation:
Harsh Kumar Banwala is currently serving as the Chairman of the National Bank for Agriculture and Rural Development (NABARD). He took charge of this important position and has been leading the organization in its mission to promote rural development and agricultural growth across India.
NABARD, established in 1982, is a specialized development bank that plays a crucial role in India's rural economy. The Chairman of NABARD holds one of the most significant positions in the country's banking sector, as this role involves overseeing policies and programs that directly impact millions of farmers and rural communities.
Under Mr. Banwala's leadership, NABARD continues to focus on several key areas including agricultural credit, rural infrastructure development, and financial inclusion. The bank serves as an apex institution for all matters related to policy, planning, and operations in the field of credit for agriculture and other economic activities in rural areas.
NABARD's main functions under the Chairman's guidance include refinancing regional rural banks, state cooperative banks, and other financial institutions that provide credit to rural areas. The organization also promotes various government schemes aimed at rural development and agricultural modernization.
The Chairman position at NABARD is typically filled by experienced banking professionals or civil servants who have demonstrated expertise in rural development, agricultural finance, or cooperative banking. This ensures that the institution continues to serve India's agricultural sector effectively and supports the government's vision of inclusive growth and rural prosperity.
