Established by the Bank, in accordance with the provisions of the NABARD Act 1981, the Research and Development (R&D Fund aims at acquiring new insights into the problems of agricultural and rural development through in-depth studies and applied research and trying out innovative approaches backed up by technical and economic studies. The R&D Fund is utilised for formulating policies on matters of importance to agricultural operations and rural development, including facilities for training, dissemination of information and promotion of research by undertaking techno-economic studies and other surveys in the fields of agriculture, rural banking and rural development.