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The Regional Office [RO] is headed by a Chief General Manager [CGM] as Officer in Charge, and the Head Office has several top executives viz the Directors, Deputy Managing Directors [DMD], and the Chairperson. The Board of Directors are appointed by the Government of India in consonance with NABARD Act.
It also recommended the RBI relinquish its seats on the board of directors of these banks. The committee further added that given that the government nominees to the board of banks are often members of parliament, politicians, bureaucrats, etc., they often interfere in the day-to-day operations of the bank in the form of the behest-lending. [4]
SIDBI also coordinates the functions of institutions engaged in similar activities. It was established in 1990, [2] through an Act of Parliament. [3] SIDBI is one of the five All India Financial Institutions regulated and supervised by the Reserve Bank of India. The other four are Exim Bank Of India, NABARD, NABFID and NHB. They play a ...
The functioning of the fund will be periodically reviewed by the central government. An action plan will be prepared by NABARD and sent to the government for approval. [5] An additional amount of ₹700 crore was set up as a contingency fund to meet the requirement of the weak RRBs, particularly those in the north-eastern and the eastern region ...
In response to the cries for help, the Indian government put together a nationwide welfare scheme aimed at targeting this very issue: The Mahatma Gandhi National Rural Employment Guarantee Act, or MGNREGA. The Government of India introduced the MGNREGA social welfare program in 2005 to address the problem of unemployment and poverty in rural ...
The Ministry of Rural Development, a branch of the Government of India, is entrusted with the task of accelerating the socio-economic development of rural India.Its focus is on special rural grants for health and education, piped filtered drinking water programs, public and affordable housing programs, public work programs and grants for rural roads and infrastructure.
Official Languages Act: 1963: 19 Government of Union Territories Act: 1963: 20 Export (Quality Control and Inspection) Act: 1963: 22 Limitation Act (Section 5 of the Indian Limitation Act) 1963: 36 Textiles Committee Act: 1963: 41 Administrators-General Act: 1963: 45 Specifice Relief Act: 1963: 47 Central Boards of Revenue Act: 1963: 54 ...
The Small Farmers Agribusiness Consortium (SFAC) is government owned organization in India, it was established to promote the interests of small and marginal farmers by facilitating their integration into the agribusiness sector. [2]