Question

NABARD, as an apex institution, provides refinancing support to financial institutions. Which of the following best defines NABARD’s refinancing function?

A Directly lending to farmers and rural entrepreneurs
B Offering loans to commercial banks and cooperative institutions to lend for agriculture and rural development
C Regulating the interest rates of loans offered by rural banks
D Disbursing funds for large-scale infrastructure projects in urban areas
E Funding international agricultural trade activities
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