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National Bank for Agriculture and Rural Development (NABARD) was set up in 1982 as an apex body to ___________.

Solution

✅ Correct Option: 3

NABARD was set up in 1982 as the apex body to coordinate the activities of all institutions involved in the rural financing system, such as cooperatives, regional rural banks and commercial banks engaged in rural credit. It does not guarantee employment or provide direct cash benefits to farmers.

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