NABARD
Re-finance agencyFull Name: National Bank for Agriculture and Rural Development
Suggested by: Shivaraman Committee
Established: 1982
Purpose: Provide loans for Rural and Agricultural development.
- Initial Capital (₹100 Cr): 73% RBI, 27% GoI
- After 2017: 0.4% RBI & 99.6% GoI
- After 2023: Fully owned by GoI
HQ: Mumbai, Maharashtra
Chairman: Shahji K.V.
EXIM
Full Name: Export Import Bank of India
Established: 1982 by IDBI (Industrial Development Bank of India)
Purpose: Provide technical assistance and promote export-import business.
HQ: Mumbai
Chairman: Harsha Bangari
NHB
Full Name: National Housing Bank
Established: 1988
Suggested by: Rangarajan committee
Purpose: Works for the development of the housing sector of the economy.
HQ: Delhi
Chairman: Sanjay Shukla
SIDBI
Full Name: Small Industrial Development Bank of India
Established: 1990 by IDBI
Autonomy: Gained autonomy in 1998, delinked from IDBI in 2000.
Purpose: Provide loans to MSMEs (Micro, Small, and Medium Enterprises).
HQ: Lucknow, UP
Chairman: Manoj Mittal
NaBFID
Full Name: National Bank for Financing Infrastructure and Development
Presented in: Union Budget of 2021
Purpose: Provide long-term loans for infrastructure development.
HQ: Mumbai, Maharashtra
Chairman: K.V. Kamath