Question
How NABARD is different from TFCI?
| S.No. |
Basis
|
National Bank for Agriculture and Rural
Development (NABARD)
|
Tourism Finance Corporation of
India (TFCI)
|
| 1. |
Mode of formation
|
It was formed, subsequent to the passing of NABARD Bill in the Parliament and started functioning from 1st July, 1982.
|
It was incorporated as a public limited company under the Companies Act, 1956 on 27th January, 1989 and became operational with effect from 1st February, 1989.
|
| 2. |
Reason for formation
|
It was formed to provide credit for the promotion of agriculture, SSls, handicrafts, cottage and village industries.
|
It was formed to cater to the needs of the tourism in the country.
|
| 3. |
Functions performed
|
The functions performed can be categorised as credit, developmental and regulatory
|
It performs only credit and developmental functions.
|
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