Answer the question in maximum 50 words/5 to 6 lines. This question carries 05 marks. [MPPSC 2023]
What is NABARD? How is it useful for villagers?
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The full form of NABARD is Countrywide bank for Agriculture and Rural improvement. It provides credit score and financial services to villagers, which include loans for farms, small businesses and infrastructure tasks. The growth bank, too, has diversified into broader monetary literacy merchandising and aided rural entrepreneurship which greatly augments the monetary profitability of rural communities.