Section 14: Advisory Council .-(1) [The Board may] constitute an Advisory Council consisting of such number of directors and such other persons who, in the opinion of the Board, have special knowledge of agriculture, agricultural credit, co-operation and rural economics, [micro-enterprises, small enterprises and medium enterprises] [Substituted 'small-scale industries' by Act No. 7 of 2018, dated 18.1.2018], village and cottage industries and handicrafts and other rural crafts or have special knowledge and appreciation of the country's overall developmental policies and in particular overall monetary and credit policies, which is considered by the Board as useful to the National Bank

Q: What does Section 14 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) deal with?

Section 14 NABARD Act pertains to "Advisory Council .-(1) [The Board may] constitute an Advisory Council consisting of such number of directors and such other persons who, in the opinion of the Board, have special knowledge of agriculture, agricultural credit, co-operation and rural economics, [micro-enterprises, small enterprises and medium enterprises] [Substituted 'small-scale industries' by Act No. 7 of 2018, dated 18.1.2018], village and cottage industries and handicrafts and other rural crafts or have special knowledge and appreciation of the country's overall developmental policies and in particular overall monetary and credit policies, which is considered by the Board as useful to the National Bank". It is part of the The National Bank for Agriculture and Rural Development Act, 1981, a legislation enacted by the Parliament of India. Section 14 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) governs advisory Council .-(1) [The Board may] constitute an Advisory Council consisting of such number of directors and such other persons who, in the opinion of the Board, have special knowledge of agriculture, agricultural credit, co-operation and rural economics, [micro-enterprises, small enterprises and medium enterprises] [Substituted 'small-scale industries' by Act No. 7 of 2018, dated 18.1.2018], village and cottage industries and handicrafts and other rural crafts or have special knowledge and appreciation of the country's overall developmental policies and in particular overall monetary and credit policies, which is considered by the Board as useful to the National Bank. As verified on 19 May 2026.

Q: Is Section 14 NABARD Act still in force?

Yes, Section 14 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 14 NABARD Act?

धारा 14 NABARD Act is the Devanagari Hindi reference for Section 14 of the The National Bank for Agriculture and Rural Development Act, 1981. Section 14 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) governs advisory Council .-(1) [The Board may] constitute an Advisory Council consisting of such number of directors and such other persons who, in the opinion of the Board, have special knowledge of agriculture, agricultural credit, co-operation and rural economics, [micro-enterprises, small enterprises and medium enterprises] [Substituted 'small-scale industries' by Act No. 7 of 2018, dated 18.1.2018], village and cottage industries and handicrafts and other rural crafts or have special knowledge and appreciation of the country's overall developmental policies and in particular overall monetary and credit policies, which is considered by the Board as useful to the National Bank. As verified on 19 May 2026.

Q: What is Dhara 14 NABARD Act?

Dhara 14 NABARD Act is the Roman Hindi reference for Section 14 of the The National Bank for Agriculture and Rural Development Act, 1981. "Dhara" means "Section" in Hindi. Section 14 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) governs advisory Council .-(1) [The Board may] constitute an Advisory Council consisting of such number of directors and such other persons who, in the opinion of the Board, have special knowledge of agriculture, agricultural credit, co-operation and rural economics, [micro-enterprises, small enterprises and medium enterprises] [Substituted 'small-scale industries' by Act No. 7 of 2018, dated 18.1.2018], village and cottage industries and handicrafts and other rural crafts or have special knowledge and appreciation of the country's overall developmental policies and in particular overall monetary and credit policies, which is considered by the Board as useful to the National Bank. As verified on 19 May 2026.

Q: How to cite Section 14 of The National Bank for Agriculture and Rural Development Act, 1981?

Cite as: "Section 14, 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, § 14 (India).

Law on Tips Editorial Board

(2)

The Advisory Council shall advise the National Bank in such matters as may be referred to the Advisory Council by the National Bank and may discharge such other functions as may be entrusted or delegated to the Advisory Council by the National Bank.

(3)

A member of the Advisory Council shall hold office for such term not exceeding five years as the National Bank may fix, and receive such fees and allowances as may be prescribed for attending the meetings of the Advisory Council and for attending to any other work of the National Bank.

(4)

The Advisory Council shall meet at such times and places and shall observe such rules of procedure in regard to transaction of business at its meetings as may be prescribed.