Section 38:
Other functions of National Bank.
The National Bank--
(i) shall co-ordinate its operations and the operations of various institutions engaged in the field
of rural credit and maintain expert staff to study all problems relating to agriculture and rural
development and be available for consultation to the Central Government, the Reserve Bank, the
State Governments and the other institutions engaged in the field of rural development;
(ii) may act as the agent for the Central Government or a State Government or the Reserve Bank
in the transaction of any business in respect of loans and advances granted or to be granted, or bonds
or debentures purchased or subscribed for, or to be purchased or subscribed for;
(iii) may provide facilities for training, for dissemination of information and the promotion of
research including the undertaking of studies, researches, techno-economic and other surveys in the
field of rural banking, agriculture and rural development and it may for the said purposes 1[make
loans or advances or grants] including grants by way of provision for fellowships and chairs to any
institution.
2[(iv) may provide technical, legal, financial, marketing and administrative assistance to any
person engaged in agriculture and rural development activities;
(v) may provide consultancy services in the field of agriculture and rural development and other
related matters in or outside India, on such terms and against such remuneration, as may be agreed
upon;
(vi) may perform the functions entrusted to or required of the National Bank by any other law for
the time being in force; and
(vii) do any other kind of business or undertake any other kind of activity which the Central
Government or the Reserve Bank may authorise.]
Notes:
1. Subs. by Act 55 of 2000, s. 23, for "make grants" (w.e.f. 1-2-2001).
2. Ins. by s. 23, ibid. (w.e.f. 1-2-2001).