Which one of the following is the apex body to coordinate the activities of all institutions involved in the rural financing system?
Answer & explanation
Correct answer: option 1
The apex body to coordinate the activities of all institutions involved in the rural financing system in India is:
NABARD (National Bank for Agriculture and Rural Development): Established in 1982, NABARD is a financial institution with the core objective of promoting sustainable and equitable agriculture and rural development through financial and developmental support. It functions as a development bank and plays a crucial role in coordinating and linking various banks, cooperatives, and other financial institutions involved in rural financing.