What is the role of NABARD in rural credit?

NABARD (National Bank for Agriculture and Rural Development):

• Establishment: Apex development bank established on 12th July 1982 under NABARD Act, 1981 on B. Sivaraman Committee recommendation.
• Core Function: Provides refinance support to Regional Rural Banks (RRBs), Cooperative Banks, and Commercial Banks for agriculture and rural development.
• Key Initiatives: Manages Rural Infrastructure Development Fund (RIDF) and SHG-Bank Linkage Programme.