NABARD Grade A & B Salary (In-Hand), Job Profiles and more

NABARD has recently released the official NABARD 2019 notification for the recruitment of Grade ‘A’ and ‘B’ Officers, with a total of 87 vacancies. In this Blog, we are going look at the details of NABARD Grade A & B Salary, their Job Profiles, Career progression, work culture in NABARD and more.

NABARD Grade A & B Salary – Post-Recruitment

Post recruitment into NABARD, the candidates are given training. They must undergo a probation of 2 years which is extendable to 1 more year. During the training, the trainees are explained their job roles & responsibilities.

At the end of the probation period, they’re confirmed as Assistant Managers/Managers and are posted at one of the regional banks of NABARD. The Assistant Managers and Managers are initially required to perform basic operations and understand the various job posts and what they have to offer. Gradually their responsibilities will increase and they’re given bigger tasks and decision making powers.

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NABARD Grade A & B Salary – Basic Pay and In-hand Salary

NABARD Grade A Officer Salary 2019

  • Basic Pay -: Rs.28150/- p.m.
  • Pay-scale -: 28150-1550(4)-34350-1750(7)–46600–EB-1750(4)-53600-2000(1)-55600
  • Additional Allowances – Dearness Allowance, Local Compensatory Allowance, House Rent Allowance, and Grade Allowance.
  • Initial Monthly In-hand Salary – Rs. 60,000/-.

NABARD Grade B Officer Salary 2019

  • Basic Pay -: Rs. 35150/- p.m.
  • Pay-scale -: Rs.35150 – 1750 (9) – 50900 – EB – 1750(2) – 54400 – 2000 (4) – 62400 (16 years)
  • Additional Allowances – Dearness Allowance, Local Compensatory Allowance, House Rent Allowance, and Grade Allowance.
  • Initial Monthly In-hand Salary – Rs. 73600/-p.m.

NABARD Grade A & B Salary – List of Allowances

Telephone, Newspaper, Maid, Dearness Allowance, House Rent Allowance, Local Allowance, Family Allowance, Grade Allowance, Accommodation (subject to availability), Reimbursement, Furniture allowance, Dispensary facilities, Reimbursement of medical expenses, Interest-free festival advance, Leave fare concessions, Loans at concessional rates of interest (house, car, education, etc), Gratuity benefits, and much more.

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NABARD Grade A & B Salary – Job Profile

NABARD  Grade ‘A’ Job Profile – Responsibilities

As an Assistant Manager, you will be posted in any department irrespective of your qualification. You will have to report to the Chief General Manager (CGM) of the regional NABARD office.

Here are some of the responsibilities of a Grade ‘A’ Assistant Manager:

  • Carry out clerical/managerial/any other task assigned by the CGM
  • Dealing with policy issues of various state and central government programs related to Agriculture & Rural development
  • Liaison with Banking Industry and the State Government, that encompass the activities in rural areas
  • Work under the Manager & do clerical work

NABARD  Grade ‘B’ Job Profile – Responsibilities

NABARD Grade B Managers can be posted in Rural areas where they work as Lead District Officers and monitor the flow of credit to agriculture & other priority sectors.

Here are some of the responsibilities of NABARD Grade ‘B’ Managers:

  • Develop & Maintain relationships with customers
  • Develop & approve bank loans
  • Monitor accounting procedures followed by the bank
  • Ensure smooth functioning of the office and its employees
  • Monitor several projects at the same time (multitasking)
  • Coordinate with other departments & facilitate inter-departmental assignments

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NABARD Grade A & B Salary – Work Culture

The working environment at NABARD is progressive, collaborative and purely bureaucratic. You will be required to work 5 days a week, the weekends (Saturdays and Sundays) are off. The office timings are generally 9:30 to 5:30.

NABARD Grade A & B Salary – Job Posting

“Since NABARD is concerned with the development of Rural areas, the posting happens only in rural areas” is a myth. NABARD is headquartered in Mumbai and has regional offices in state capitals all over India. You will be posted anywhere in India, but do not expect to be posted in your home town.

After a few years of experience, you might (or might not) get a district-level posting as a District Development Manager (DDM). The DDM enjoys a lot of perks including provision of an office-cum-residence.

As a DDM, these would be some of your responsibilities:

  • Look after development, planning of regional rural bank and credit cooperative branches and act as their regulatory body
  • Advise the District administration to take up developmental initiatives
  • Coordinate with commercial banks and regional rural banks on subsidy
  • Promotion of Financial Literacy centers for the betterment of customers
  • Development of infrastructure and coordination with community-level organizations for development initiatives & consultancy

NABARD Grade A & B Salary – Career Progression

Following is what a regular career progression path in NABARD looks like for Grade A and B Managers, starting with Assistant Manager:

  • Director
  • Executive Director
  • Chief General Manager
  • General Manager
  • Deputy General manager
  • Assistant General manager
  • Manager
  • Assistant Manager

Since both Grade ‘A’ and ‘B’ will land you in a Managerial position in NABARD, the future posts will only deem you more respect and hike in pay.

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What is NABARD?

NABARD stands for National Bank of Agriculture & Rural Development. It is a unique development financial institution (apex-level bank) which came into existence on 12th July 1982. The formation of NABARD was proposed by the Sivaraman Committee in 1979, to supply credit flow for the development of rural areas. NABARD was initially started with an amount of Rs100 crore.

NABARD’s mission is to promote sustainable and equitable agriculture and rural prosperity through effective credit support, related services, institution development and other innovative initiatives.

Dr. Harsh Kumar Bhanwala is the chairman of NABARD and it is headquartered in Mumbai. It isn’t a wholly owned subsidiary of RBI now, because RBI sold 99% of its stake to the Government of India.

What are the functions of NABARD?

  • The main role of NABARD is to provide and manage credit flow for the promotion & development of agriculture, cottage, village and other small scale industries in rural areas across the country
  • Making rural India Financially inclusive & empowering it through goal-oriented departments (which touch almost every aspect of rural economy) which can be categorized into: Financial, Developmental & Supervision
  • Providing refinancing support for building rural infrastructure
  • Preparing district-level credit plans to motivate the Banking industry to achieve targets
  • Supervising Regional Rural Banks (RRBs) and State Co-operative Banks (SCBs)
  • Helping RRBs and SCBs to develop good Banking practices and on-boarding them to CBS (Core Banking Solution) platform
  • Formulating new development schemes
  • Providing training & market to handicraft artisans
  • Providing term loans to designated food parks & food processing units at affordable rates of interest
  • Providing loans to private & public sectors for building warehouses, cold storage, silos and other cold chain infrastructure
  • Providing credit facilities to Marketing Federations
  • Assisting Co-operative banks and producer organizations financially
  • Providing Alternative Investment Funds (AIF)
  • Encouraging farmers and rural artisans to take up investment activities by providing long term and medium term refinance to banks, and building entrepreneurial culture among rural women & youth
  • Supervision and regulation of RRBs and SCBs
  • Supporting holistic development of the tribal communities
  • Providing credit to the un-reached and linkages to cottage & village industries, handicrafts, hand-loom and other decentralized sectors in rural areas
  • Utilizing the Financial Inclusion fund to provide Financial inclusion of excluded populace at National level
  • Facilitating micro-finance initiatives across the country and sustained access to financial services for the poor living in rural areas in cost effective and sustainable manner
  • Conducting research to acquire insights into problems of agriculture & rural development
  • Taking initiative towards institution building by facilitating the process of bringing co-operative sector into CBS (Core Banking Solution) platform.
  • Implementing feasible climate adaption projects posed by State/Central Government departments, Technical institutions, research institutions and NGOs.
  • Periodically inspecting SCBs, CCBs (Central Co-operative Banks) and RRBs and state-level co-operative institutions like Apex weavers societies, Marketing Federation, State Co-operative Agriculture & Rural Development Banks, etc.

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What are the different types of loans provided by NABARD?

NABARD provides short, medium and long term loans:

Short term loans

Short term loans are provided at concessional rates of interest for production purposes to Regional Rural Banks (RRBs) & State Co-operative Banks (SCBs). The RRBs and SCBs then provide credit as loans for:

  • The marketing of crops
  • Fisheries department
  • Agricultural operations
  • Industrial Cooperative Societies (not to weavers)
  • Purchasing, stocking & distributing of fertilizers
Medium term loans

Banks give extra period of time for repayment of loans in situations like droughts causing crop damage. These extended period of short term loans are medium term loans.

Long term loans

Long term loans are generally provided to small scale industries, hand-looms, power-looms, non-farming sectors, etc. for a period of 3 to 15 years.

What are the names of some institutions eligible for refinancing the long term loans?

  • Commercial Banks (CBs)
  • Regional Rural Banks (RRBs)
  • Scheduled Primary Urban Co-operative Banks (PUCBs)
  • Non-Banking Financial Institutions (NBFCs)
  • North East Development Finance Corporation (NEDFC)
  • State Co-operative Agriculture & Rural Development Banks (SCARDBs)
  • State Agricultural Development Finance Companies (ADFCs)
  • State Co-operative Banks (SCBs)

We hope the above gives you a brief overview of NABARD. For more information visit NABARD’s official website:

Further reading:

NABARD Grade ‘A’ and ‘B’ 2019 Recruitment Notification

NABARD Online Application Link

NABRD 2019 Mock Tests for Grade A & B Officers

NABARD Grade A Officer Syllabus

NABARD 2019 Exam Dates

That is all from us in this blog on NABARD Grade A & B Salary (In-Hand) and Job Profiles. We hope the above provided information is helpful. Keep checking this space for all the NABARD Exam updates, Free Study Materials and Mock Tests.

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