Section 28: Security for credit .-(1) No accommodation shall be granted by the National Bank under clause (a) or clause (c) of sub-section (1) of section 25 or section 30 or section 32 to an institution other than a scheduled bank unless it is fully and unconditionally guaranteed by the Government as to the repayment of principal and payment of interest:

Q: What does Section 28 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) deal with?

Section 28 NABARD Act pertains to "Security for credit .-(1) No accommodation shall be granted by the National Bank under clause (a) or clause (c) of sub-section (1) of section 25 or section 30 or section 32 to an institution other than a scheduled bank unless it is fully and unconditionally guaranteed by the Government as to the repayment of principal and payment of interest:". It is part of the The National Bank for Agriculture and Rural Development Act, 1981, a legislation enacted by the Parliament of India. Section 28 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) governs security for credit .-(1) No accommodation shall be granted by the National Bank under clause (a) or clause (c) of sub-section (1) of section 25 or section 30 or section 32 to an institution other than a scheduled bank unless it is fully and unconditionally guaranteed by the Government as to the repayment of principal and payment of interest:. As verified on 19 May 2026.

Q: Is Section 28 NABARD Act still in force?

Yes, Section 28 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 28 NABARD Act?

धारा 28 NABARD Act is the Devanagari Hindi reference for Section 28 of the The National Bank for Agriculture and Rural Development Act, 1981. Section 28 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) governs security for credit .-(1) No accommodation shall be granted by the National Bank under clause (a) or clause (c) of sub-section (1) of section 25 or section 30 or section 32 to an institution other than a scheduled bank unless it is fully and unconditionally guaranteed by the Government as to the repayment of principal and payment of interest:. As verified on 19 May 2026.

Q: What is Dhara 28 NABARD Act?

Dhara 28 NABARD Act is the Roman Hindi reference for Section 28 of the The National Bank for Agriculture and Rural Development Act, 1981. "Dhara" means "Section" in Hindi. Section 28 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) governs security for credit .-(1) No accommodation shall be granted by the National Bank under clause (a) or clause (c) of sub-section (1) of section 25 or section 30 or section 32 to an institution other than a scheduled bank unless it is fully and unconditionally guaranteed by the Government as to the repayment of principal and payment of interest:. As verified on 19 May 2026.

Q: How to cite Section 28 of The National Bank for Agriculture and Rural Development Act, 1981?

Cite as: "Section 28, 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, § 28 (India).

Law on Tips Editorial Board

Provided that no such guarantee shall be required in cases in which security to the satisfaction of the Board is furnished by the borrowing institution.

(2)

No accommodation shall be granted by the National Bank under clause (a) or clause (c) of sub-section (1) of section 25 or section 32 to any scheduled bank unless security to the satisfaction of the Board is furnished by such scheduled bank.

(3)

[ Notwithstanding anything contained in sub-section (1) or sub-section (2), no guarantee or security referred to therein shall be required in cases in which the Board, for reasons to be recorded in writing, decides that no such security or guarantee is necessary in respect of a scheduled bank, a State co-operative bank or any person or class of persons, specifically approved by the Board or in respect of any scheme or class of schemes, having regard to the nature and scope of the scheme or schemes for which accommodation is proposed to be granted by the National Bank.]