The National Bank for Agriculture and Rural Development (NABARD) sets the NABARD Grade A Salary. Candidates interested in applying for the NABARD Grade A position in 2024 should be aware of the basic characteristics of the NABARD Grade A salary and job profile in 2024. NABARD will post a formal recruitment notice for several posts on its official website. NABARD Grade A Recruitment is being done for one of the central government openings. As a result, candidates can enjoy all of the benefits accessible to all central government employees. Candidates should also review the NABARD Grade A 2024 job responsibilities to get a sense of what to expect. This page discusses the NABARD Grade A 2024 salary, allowances, benefits, and job responsibilities.
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NABARD Grade A Salary 2024
Assistant Managers are appointed from among NABARD Grade A personnel. They are eligible for a salary grade of Rs. 44,500 – 89,150, which indicates that NABARD Grade A officers’ starting base pay is Rs. 44,500 per month. The remuneration for NABARD Grade A officers has been updated and is now calculated using the new pay scale of Rs. 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850-3300(1)-89150 (17 years). This means the starting wage for NABARD Grade A positions is Rs. 44,500/-. In addition to the minimum wage, qualifying candidates may be entitled for various perks based on Central Government requirements. Let us take a look at the detailed NABARD Grade A wage structure below.
| Component | Amount |
| Basic Pay | Rs. 44,500/– |
| Pay Scale | Rs. 44500–2500(4)-54500–2850(7)–74450–EB–2850(4)–85850–3300(1)–89150(17 Years) |
| Pay Range | Rs. 44,500 – 1,50,000 |
| Monthly Gross Emoluments | Rs. 1,20,000 |
NABARD Grade A Inhand Salary
A NABARD Grade A officer’s base monthly remuneration ranges from Rs. 44,500 and Rs. 1,50,000/-. However, after accounting for all allowances, the overall take-home wage is significantly larger. Officers are eligible for allowances such as Dearness Allowance, House Rent Allowance, and Transportation Allowance, among others. Based on existing allowances, a NABARD Grade A officer’s total monthly take-home compensation is around Rs. 1,20,000/-. This salary will rise steadily with years of service and annual increases.
NABARD Grade A Allowances
Candidates are eligible for Dearness Allowance and Local Compensatory Allowance under central government laws. Aside from that, they can also enjoy rewards such as:
- House Rent Allowance (HRA)
- Conveyance Allowance (CA):
- Medical Allowance
- Leave Fare Concession Travel (LFC)
- Bank Loan Facility
- Pension
Aside from these government-mandated benefits, NABARD Grade A Officers are eligible to the following bonuses in the form of reimbursements:
- Vehicle maintenance
- Newspaper
- Internet
- Telephone expenses
- Book grant
- Furnishing of residence
NABARD Grade A Job Responsibilities
Once you are hired as an Assistant Manager at one of the banks, you will be allocated to a department that is appropriate for your skills. At the regional NABARD office, you will report to the Chief General Manager (CGM). The NABARD Grade A officials play an important role in promoting agricultural and rural development throughout India. According to the job description provided in the links, the officers are involved in a variety of initiatives aimed at improving the rural economy. The work duties of NABARD Grade A Assistant Managers include the following:
- Implementing rural development strategies and programs in the field in collaboration with other government and non-government organizations. This includes identifying local concerns and obstacles.
- Manage loan facilities for farmers, self-help groups, and rural businesses. This includes reviewing loan requirements, conducting field inspections, and assuring timely disbursement and utilization of funds for their intended purposes.
- Evaluating current rural programs in terms of their goals, financial management, and impact on recipients. Suggestions for scheme optimization are made based on monitoring and data analysis.
- Conducting study into rural funding approaches, agricultural trends, and development programs. This helps with policy formulation and finding gaps in existing treatments.
- Inspecting the final usage of loans granted to rural borrowers. Officers are also responsible for monitoring the repayment of agricultural and ancillary loans from the field.
- Leading project teams to mitigate financial risks in rural lending operations. This includes developing appropriate risk management methods and maintaining the security of the bank’s investments and assets.
- Representing NABARD at state and district committee meetings, as well as coordinated conferences on the rural economy and banking.
NABARD Grade A Job Growth
The career path for NABARD Grade A officers is extremely progressive, with numerous opportunities to advance to higher positions with increased responsibility and compensation. Officers can expect to be promoted depending on their merit and experience. The following is the career development trajectory of NABARD Grade A Officers.
Assistant Manager (Entry Level)
Promotion to manager with supervisory responsibilities for 2-3 assistant managers. Involved in designing local agricultural initiatives, managing loan portfolios, and cooperating with banks and local governments.
Assistant General Manager (10–15 Years)
At Head Offices, a mid-level function oversees crucial divisions such as recovery, financing, and monitoring. Asst. General Managers may be required to manage state-level bank relationships and approve big farm loans over 50 lakhs.
Deputy General Manager (15–18 Years)
Senior leadership position with greater duties. Posting in zonal offices to lead regional strategies, resolve client difficulties, and meet financial targets.
General Manager (20+ Years)
Top executive responsibilities include policy development, national program evaluation, and presentations to boards and Cabinet committees. May lead Zonal offices.
Chief General Manager (25+ Years)
Prestigious job at NABARD’s head office, reporting directly to the executive director. Lead crucial departments and give strategic direction.
Executive Director/Director
These are the most senior members of the NABARD Board. They are in charge of making critical judgments after three decades of service. They are also expected to provide governance supervision.
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