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Question
Attempt the following.
Explain the role of NABARD in financing rural industries.
Solution
Role of NABARD in financing rural industries:
- It plays an important role in providing refinance to small scale industries and other village and cottage industries.
- It provides loans to commercial and co-operative banks to promote rural employment.
- It organizes skill and entrepreneurship development programmes to promote an entrepreneurial culture among rural youth and encourage them to start enterprises in rural areas.
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