National Bank for Agriculture and Rural Development – NABARD News

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NABARD aid touches all – time high in State

The National Bank for Agriculture and Rural Development ( NABARD ), Karnataka region, has recorded an all – time high financial assistance to the State at [rupee] 8,424 crore during 2012 – 13 for agricultural and rural development, registering a year – on – year growth of about 40 per cent.

S.N.A. Jinnah, Chief General Manager, NABARD, Karnataka, told presspersons on 3rd April, 2013 the bank has disbursed the highest – ever investment credit support for banks to the extent of [rupee] 1,920 crore in the State.

“This will improve the much – needed capital formation for agriculture,” he said.

In order to help farmers in the drought – affected State, it extended concessional crop production finance at 4.5 per cent per annum to the extent of [rupee] 5,377 crore during 2012 – 13 to cooperative banks and RRBs.

NABARD has disbursed [rupee] 750 crore aid to the State government for creating rural infrastructure such as the Raitha Samparka Kendras, anganwadis, schools in rural areas, rural roads and bridges.

Special line of credit

In addition, [rupee] 326 crore was given as a special line of credit to cooperative banks to meet the financial needs under the direct window system. To address agrarian distress, 164 watershed projects covering over 2.21 lakh hectares in 24 districts were disbursed grant assistance of [rupee] 36 crore, Mr. Jinnah said.

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NABARD releases Credit Plan

The five – year potential linked credit plan ( PLP ) for institutional credit in rural areas for the years 2012 – 13 to 2016 – 17 prepared by NABARD was released for the district by District Collector V. Seshadri.

The potentials for each sector and sub – sector have been worked out in detail. This forms the basis for the banks credit in the rural areas, NABARD Assistant General Manager K.V.S.S.L.V. Prasada Rao said in a statement issued here. The PLP has been redesigned to make it a meaningful link between development planning and credit planning process, leading to action planning. It would cover primary, secondary and tertiary sectors under priority sector with greater emphasis on primary sector.

The total credit potential for 2013 – 14 under priority sector for the district is estimated at [rupee] 6,119 crore registering a growth of 22 per cent over the PLP projection and 45 per cent over the Annual Credit Plan target for the year 2012 – 13. About 28.26 per cent of the credit potential is estimated for agriculture and allied activities and 11 per cent for MSME sector.

The crop loans projected at [rupee] 1,349.76 crore and term investment for agriculture and allied activities is [rupee] 379.39 crore.

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Free Training in Bee – Keeping

The Rudset Institute is offering a seven – day training programme on ‘bee keeping and mushroom cultivation’ during the fourth week of September completely free of cost.

Sponsored by the National Bank for Agriculture and Rural Development ( NABARD ), the course would cover various aspects of the field.

Both men and women in the age group of 18 to 45 years with a minimum qualification of Standard VIII are eligible. Preference would be given to those already engaged in agriculture.

Applications should reach the Director, Rudset Institute, Airport Road, Perungudi, Madurai, 625 022, before 20th September, 2012, with a self – addressed, stamped ( [rupee] 5 ) envelope.

More details can be had from ( 0452 ) 269 0038 / 269 0609, according to a press release.

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The Andhra Pradesh State Cooperative Bank Limited ( APCOB ) on September 6, 2011 entered into a Memorandum of Understanding ( MoU ) with the National Bank for Agriculture and Rural Development ( NABARD ) on co – finance.

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NABARD Training  College becomes BIRD

The regional training college of the National Bank for Agriculture and Rural Development (NABARD) here will now be known as Bankers’ Institute of Rural Development (BIRD), Mangalore. This change is in the wake of NABARD entering into academic collaboration with the BIRD, Lucknow, on May 5. The administrative and management of BIRD, Mangalore, will continue to remain with NABARD.

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A Skill Development Initiative for Women Entrepreneurs

Muthoot Pappachan Foundation, a social service organisation under the patronage of Muthoot Pappachan Group, has launched a skill development initiative for women entrepreneurs in Kerala with the involvement of National Bank for Agriculture and Rural Development (NABARD).

Chief General Manager of NABARD K.C. Shashidhar inaugurated the programme at a function here on Tuesday. ACCION International and ROPE, organisations working for economic empowerment of the poor, are also associating with the programme, the foundation said in a press release here on Tuesday. The foundation, with the assistance of NABARD and ACCION International, would organise a three-month training course in batches for 200 women entrepreneurs selected from the districts of Thiruvananthapuram, Ernakulam, Thrissur, Alappuzha, and Palakkad. They would be trained in business skills and vocational skills such as making handmade paper bags, banana fibre products, jute products, dry flowers etc.

ROPE would buy the products made by the entrepreneurs trained under this course and market the products within and outside the country.

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