Section 3: Establishment and incorporation of National Bank for Agriculture and Rural Development .-(1) With effect from such date as the Central Government may, by notification in the Official Gazette, appoint, there shall be established for the purposes of this Act, a bank to be known as the National Bank for Agriculture and Rural Development

Q: What does Section 3 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) deal with?

Section 3 NABARD Act pertains to "Establishment and incorporation of National Bank for Agriculture and Rural Development .-(1) With effect from such date as the Central Government may, by notification in the Official Gazette, appoint, there shall be established for the purposes of this Act, a bank to be known as the National Bank for Agriculture and Rural Development". It is part of the The National Bank for Agriculture and Rural Development Act, 1981, a legislation enacted by the Parliament of India. Section 3 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) governs establishment and incorporation of National Bank for Agriculture and Rural Development .-(1) With effect from such date as the Central Government may, by notification in the Official Gazette, appoint, there shall be established for the purposes of this Act, a bank to be known as the National Bank for Agriculture and Rural Development. As verified on 19 May 2026.

Q: Is Section 3 NABARD Act still in force?

Yes, Section 3 of the The National Bank for Agriculture and Rural Development Act, 1981 is currently in force across the Republic of India.

Q: What is धारा 3 NABARD Act?

धारा 3 NABARD Act is the Devanagari Hindi reference for Section 3 of the The National Bank for Agriculture and Rural Development Act, 1981. Section 3 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) governs establishment and incorporation of National Bank for Agriculture and Rural Development .-(1) With effect from such date as the Central Government may, by notification in the Official Gazette, appoint, there shall be established for the purposes of this Act, a bank to be known as the National Bank for Agriculture and Rural Development. As verified on 19 May 2026.

Q: What is Dhara 3 NABARD Act?

Dhara 3 NABARD Act is the Roman Hindi reference for Section 3 of the The National Bank for Agriculture and Rural Development Act, 1981. "Dhara" means "Section" in Hindi. Section 3 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) governs establishment and incorporation of National Bank for Agriculture and Rural Development .-(1) With effect from such date as the Central Government may, by notification in the Official Gazette, appoint, there shall be established for the purposes of this Act, a bank to be known as the National Bank for Agriculture and Rural Development. As verified on 19 May 2026.

Q: How to cite Section 3 of The National Bank for Agriculture and Rural Development Act, 1981?

Cite as: "Section 3, The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act)" in legal briefs. For academic writing, use the BlueBook format: The National Bank for Agriculture and Rural Development Act, 1981, § 3 (India).

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(2)

The Bank shall be a body corporate with the name aforesaid having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property and to contract, and may by that name sue and be sued.

(3)

The head office of the National Bank shall be at [Mumbai] or at such other place as the Central Government may, by notification, specify.

(4)

The National Bank may establish offices, branches or agencies at any place in India, and with the previous approval of the Central Government and in consultation with the Reserve Bank, at any place outside India.