NABARD projects Rs 2,43,093 crore credit potential for Bihar
Notably, the total credit flow under the priority sector for the year 2024-25 is estimated at Rs 2,43,093 crore.
Notably, the total credit flow under the priority sector for the year 2024-25 is estimated at Rs 2,43,093 crore.
This was informed by Usha Ramesh, chief general manager of NABARD, West Bengal regional office, Kolkata during the State Credit Seminar organized by NABARD on Saturday.
Several schemes initiated by the National Bank for Agriculture and Rural Development (NABARD) under the Rural Infrastructure Development Fund (RIDF) have helped the rural people immensely and paved way to make them economically self-reliant.
The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 148.23 crore for the development of the tribal population spread over 11 districts in Bengal.
Finance Minister Nirmala Sitharaman on Monday advised NABARD to work towards ensuring efficiency and outcomes at the ground level with improvement in rural income as top priority.
He said it is a new concept at the end of HPSAMB and the effort will be to put the structure and system in place by July, 2022.
This was asserted by Himachal Pradesh chief minister Jai Ram Thakur while presiding over the NABARD state Credit Seminar 2021-22 on ‘Collectivization of Agricultural Produce for Enhancing Farmers Income’ here today.
The liquidity facility to both the NABARD and the NHB will be offered at the policy repo rate.
The credit support under special liquidity facility (SLF) will be extended to state cooperative banks, regional rural banks and micro-finance institutions (MFIs).
IIT Mandi will get Rs 35 lakh under the MoU with NABARD for collaboration on setting up Farmer Producer Organisations (FPOs) in Mandi district of Himachal Pradesh.