PATNA:
The National Bank for Agriculture and Rural Development (Nabard) set a
new record by extending financial support of Rs 2,842 crore in 2012-13
to Bihar, an increase of 65% over the previous year.
Addressing mediapersons on Friday, Nabard's chief general manager (CGM) D V Deshpande said, "Nabard has been a major contributor in development of rural infrastructure in Bihar and sanctioned new projects worth Rs 1,490 crore in different sectors such as roads, bridges, irrigation etc in 2012-13." He added that Nabard has provided Rs 480 crore for the construction of bridges as part of the Indo-Nepal border road project.
Another major achievement of Nabard has been computerization of almost 95% of cooperative banks in the state and linking them through core banking system. "The remaining co-operative banks will be linked by the end of April. It will help in maintaining transparency in banking transactions," he said.
Nabard has also helped in the formation of nearly 1,400 new farmers club in the last financial year, which educate farmers to take up developmental activities through credit. It has also promoted the formation of Self-Help Groups (SHGs) and Joint Liability Groups (JLBs). "We have been supporting village development plan to promote convergence of various development activities by the government. In 2012-13, we gave Rs 16.2 lakh for the development of nine villages," said Deshpande.
It provided Rs 1,598 crore to regional rural banks and cooperative banks in the state to meet the credit requirement of farmers. "Nabard also administers Interest Subvention Scheme of the Union and state governments, so that the farmers paying their loans regularly get further loan at an interest rate of 3% only," he added.
The CGM said that so far, Nabard had sanctioned cumulative amount of Rs 6,906 crore to the state government for implementing 11,730 odd projects.
PGDM 2nd
Kushank Singhal
Addressing mediapersons on Friday, Nabard's chief general manager (CGM) D V Deshpande said, "Nabard has been a major contributor in development of rural infrastructure in Bihar and sanctioned new projects worth Rs 1,490 crore in different sectors such as roads, bridges, irrigation etc in 2012-13." He added that Nabard has provided Rs 480 crore for the construction of bridges as part of the Indo-Nepal border road project.
Another major achievement of Nabard has been computerization of almost 95% of cooperative banks in the state and linking them through core banking system. "The remaining co-operative banks will be linked by the end of April. It will help in maintaining transparency in banking transactions," he said.
Nabard has also helped in the formation of nearly 1,400 new farmers club in the last financial year, which educate farmers to take up developmental activities through credit. It has also promoted the formation of Self-Help Groups (SHGs) and Joint Liability Groups (JLBs). "We have been supporting village development plan to promote convergence of various development activities by the government. In 2012-13, we gave Rs 16.2 lakh for the development of nine villages," said Deshpande.
It provided Rs 1,598 crore to regional rural banks and cooperative banks in the state to meet the credit requirement of farmers. "Nabard also administers Interest Subvention Scheme of the Union and state governments, so that the farmers paying their loans regularly get further loan at an interest rate of 3% only," he added.
The CGM said that so far, Nabard had sanctioned cumulative amount of Rs 6,906 crore to the state government for implementing 11,730 odd projects.
PGDM 2nd
Kushank Singhal
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