The reason NABARD (National Bank for Agriculture and Rural Development) is considered the apex body for coordinating the activities of all institutions involved in the rural financing system in India is as follows:

1.NABARD was established in 1982 by an act of the Indian Parliament. It was created with the specific mandate of promoting rural development and providing financial and developmental support to the agriculture and rural sectors.

2.NABARD acts as a link between various financial institutions, including commercial banks, regional rural banks (RRBs), and cooperative banks, and the rural sector. It coordinates their efforts to ensure the efficient and targeted flow of credit to rural areas.