(2) National Bank for Agricultureand Rural Development(NABARD) is an apex developmentbank in India havingheadquarters based in Mumbai(Maharashtra) and otherbranches are all over thecountry. It was established on12 July 1982 by a special actby the parliament and itsmain focus was to uplift ruralIndia by increasing thecredit flow for elevation of agriculture& rural non farmsector.