The National Bank for Agriculture and Rural Development (NABARD) signed Memoranda of Understanding (MoUs) with the governments of three states for cooperative credit promotion and rural development. The MoUs focus on strengthening Primary Agricultural Credit Societies (PACS), financing rural infrastructure, and supporting farmer producer organisations (FPOs). NABARD operates under the Ministry of Finance and the Reserve Bank of India as a supervisory body. With total disbursements of over ₹6 lakh crore since inception, NABARD plays a pivotal role in India's rural financial ecosystem.
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NABARD Signs MoUs with Three State Governments for Cooperative Credit and Rural Development Initiatives
Key Points
- The National Bank for Agriculture and Rural Development (NABARD) signed Memoranda of Understanding (MoUs) with the governments of three states for cooperative credit promotion and rural development
- The MoUs focus on strengthening Primary Agricultural Credit Societies (PACS), financing rural infrastructure, and supporting farmer producer organisations (FPOs)
- NABARD operates under the Ministry of Finance and the Reserve Bank of India as a supervisory body
- With total disbursements of over ₹6 lakh crore since inception, NABARD plays a pivotal role in India's rural financial ecosystem
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• NABARD MoUs with 3 state governments: cooperative credit + rural development (July 2026) • Focus: strengthening PACS (Primary Agricultural Credit Societies), rural infra, FPOs • NABARD: National Bank for Agriculture and Rural Development; est. 1982; HQ Mumbai • Under: Ministry of Finance + RBI (dual supervision); total disbursements: ₹6+ lakh crore since inception
