National Bank for Agriculture and Rural Development (NABARD)
The government's apex rural development bank, wholly owned by the Centre, which refinances rural lenders and lends to states for rural infrastructure. On 5 May 2026 its Andhra Pradesh State Focus Paper projected Rs 5.11 lakh crore of priority-sector credit in the state for 2026-27.
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How we verify →The government's apex rural development bank, wholly owned by the Centre, which refinances rural lenders and lends to states for rural infrastructure. On 5 May 2026 its Andhra Pradesh State Focus Paper projected Rs 5.11 lakh crore of priority-sector credit in the state for 2026-27.
What happened
NABARD was set up under the National Bank for Agriculture and Rural Development Act, 1981 and is wholly owned by the Government of India. It refinances cooperative and rural banks, lends to state governments for rural infrastructure, and plans rural credit.
For 2023-24 its annual report shows total income of Rs 48,847 crore and profit after tax of Rs 6,103 crore.
On 5 May 2026 Chief Minister N. Chandrababu Naidu released NABARD's State Focus Paper for Andhra Pradesh, projecting priority-sector credit of Rs 5.11 lakh crore for 2026-27, including Rs 5,313 crore earmarked for horticulture in Rayalaseema and Prakasam, The Hindu reported.