The prominent question to debate in current scenario is role and impact of agricultural sector in a developing economy. Indian Economy is a developing economy where most of the people live in rural area and depend on agriculture and other related activity. Rajasthan is the largest state in country with a geographical area of 3.42 lakh sq. km after the partition of Madhya Pradesh. Rajasthan is a predominantly agrarian state and economy of Rajasthan is agriculture based economy. There is abundant natural and human resources available in the state but due to lack of capital, lack of technical knowledge, administrative inefficiency and lack of proper planning, they have not been fully absorbed. So the general public did not get full advantage of it. In order to provide adequate credibility on time for agriculture and non-agricultural activities in rural areas, NABARD is playing an important role in strengthening the economy. Under this research study to discuss the role of NABARD in agriculture and primary sector of Rajasthan the impact of credit facility provided by NABARD on agricultural productivity, employment, income generation capacity, assets creation and living standard have been considered.

KEY WORDS- NABARD, Rajasthan Economy, Refinance, Credit Facility.