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The Indian economy is based on the farming industry, and the actual India is found in its villages. Rural economic development is required to achieve economic planning objectives. As a result, banks along with other financial firms are thought to play an important role in rural Indian economic expansion. NABARD contributes significantly to rural India's prosperity. A developing nation, such as India, should provide an excellent setting for microfinance projects aimed at reaching the underprivileged and achieving financial sustainability. Microfinance is seen as a key poverty reduction method, as well as a means of generating growth in the economy and creating jobs for small, micro, and medium-sized companies (SMMEs). A sophisticated collection of successful models, an association with engaged members, coordinated assistance for rural people, and active assistance from banks and NABARD in the country have arisen to sustain a vibrant business. Farmers can obtain bank credit in the form of short-term lending for crops and livestock, as well as medium- term/long-term financing via debt for capital expenditures in crops and associated operations such as land, including buying land for small irrigation, farm mechanization, program development, poultry and other domestic animals, fishing, cultivation, and the gardening industry. Funds are available for preserving, transforming, and trading agricultural goods in today's market. The National Bank For Agriculture and Rural Development (NABARD) also provides long-term and short-term financing to these organizations. This is a development of farming financing. This article attempts to clarify the notion of rural banking in India, NABARD's participation in credit sector priorities and numerous plans developed by NABARD for the sustained growth of rural India. This research is solely based on secondary data sourced from NABARD and RBI journals and accounting records.