NABARD

NABARD was established in 1982 under the National Bank for Agriculture and Rural Development Act, 1981.
NABARD is an apex refinancing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.
It is responsible for the development of the small industries, cottage industries, and any other such village or rural projects.
NABARD also provides direct term loans at affordable rates of interest to certain activities like Designated Food Parks (DFPs) and food processing units in the DFPs.
In 2019, the RBI has sold its entire stake in the National Housing Bank (NHB) and the National Bank for Agriculture & Rural Development (Nabard), by selling its entire stakes to the government, making them fully government-owned.

The National Bank for Agriculture and Rural Development has announced a special refinance facility of ₹800 crore for FY21 to support the Government of India’s Water, Sanitisation and Hygiene (WASH) programme.
NABARD will provide concessional refinance to all eligible financial institutions including commercial banks, regional rural banks and cooperative banks with a repayment period of up to 36 months.

WASH is the collective term for Water, Sanitation and Hygiene. Due to their interdependent nature, these three core issues are grouped together to represent a growing sector. While each a separate field of work, each is dependent on the presence of the other.
For example, without toilets, water sources become contaminated; without clean water, basic hygiene practices are not possible.

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