National Bank for Agriculture and Rural Development (NABARD):
Established: 12th July 1982 (By Recommendations of B.Sivaraman Committee, Under Act 61, 1981 of Parliament)
Paid Up Capital (Opening time): 500 Cr. (Government of India= 50%, RBI = 50%)
Paid Up Capital (At Present): 200 Cr. (Government of India= 99%, RBI= 01%)
Objective of NABARD:
- NABARD provides refinance assistance for agriculture, promoting rural development activities. It also provides all necessary finance and assistance to small scale industries.
- NABARD in coordination with the State Governments, provides agriculture.
- It improves small and minor irrigation by way of promoting agricultural activities.
- It undertakes R&D in agriculture, rural industries.
- NABARD promotes various organizations involved in agricultural production by contributing to their capital.
- Thus, the objects of NABARD can be brought under three major heads:
Function of NABARD:
- Apex body of Agriculture
- Specialised Bank/ Development Bank
- There is no function of Cheque and CASA deposit
- Refinance System
- NABARD has power to inspect the books of according RRB’s & also provide finance facility to RRB
- Genetic purity, and uniformity and should conform to the standards of the particular cultivar.
- Disease-free, viable seeds.
- Free from admixtures of other crop seeds, weeds and inert matter.
- Acceptable uniformity with respect to size, shape and color.
- Higher income
- Higher quality seed for next sowing
There are two types (major) of seed production i.e. Varietal and hybrid based on the type of seed used for multiplication
SCOPE AND IMPORTANCE OF SEED PRODUCTION
- Varietal Development.
- Seed Production.
- Seed Replacement Rate Enhancement.
- Primary responsibility for production of breeder seed to be that of the ICAR/State Agriculture Universities.
- An effective seed production programme.
- Popularization of new varieties.
- Availability of newly developed varieties to farmers with minimum time gap.
- Provision of incentives to domestic seed industry to enable it to produce seeds of high yielding varieties and hybrid seeds at a faster pace to meet the challenges of domestic requirements.