Credit Distribution and Refinance Activities of NABARD: A Detailed Review

Abstract

Purpose: The purpose of the study is to identify the initiatives taken by NABARD regarding agricultural credit distribution. This paper aims to study the credit planning and credit delivery activities to empower the Indian economy. This study is important to identify the initiatives taken by NABARD regarding agricultural credit distribution and the credit planning and credit delivery activities to empower the Indian economy. Methodology: This is a descriptive in nature and purely based on secondary data. This study was compiled and reviewed based on the annual report published by NABARD. Data has been collected from a variety of secondary sources including journal articles, newspapers, thesis, magazines, books, or annual reports of NABARD, and so on. Data for the last 3 years was analyzed i.e., 2021 to 2024. Findings: We found that there is a positive relationship between agricultural credit distribution and improvement in productivity. The assessment revealed that expansion of financial inclusion infrastructure effectively bridged the gap in access to formal financial services. Increased participation in financial literacy camps and the adoption of digital banking services contributed to a more inclusive and financially empowered rural population. Research implication: These studies revealed that despite of many initiatives taken by the Government, regulators, and financial institutions to achieve comprehensive coverage of all the schemes run by NABARD but still there is a gap. We have to create more awareness about the schemes related to warehousing, animal husbandry and fisheries.