The majority stake of subsidiaries of NABARD is held by

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Government of India
B	RRB
C	RBI
D	Co-operative Bank

Explanation:

Detailed explanation-1: -Indira Gandhi on 05 November 1982. Set up with an initial capital of Rs.100 crore, its’ paid up capital stood at Rs.17, 080 crore as on 31 March 2022. Consequent to the revision in the composition of share capital between Government of India and RBI, NABARD today is fully owned by Government of India.

Detailed explanation-2: -The National Bank for Agriculture and Rural Development (NABARD) was established in 1982. RBI had sold its stake and now the Government of India (GOI) has 99 percent in it.

Detailed explanation-3: -There are six subsidiary of NABARD. In this article we are discussing three subsidiary only. NABKISAN Finance Limited (NABKISAN) (formerly “Agri Development Finance (Tamilnadu) Limited”) was incorporated under the Companies Act, 1956 on 14.02. 1997.

Detailed explanation-4: -NABARD is wholly owned by Government of India.

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