Page 5 - Nabard

Over 40,000 Odisha farmers to gain as Nabard sanctions Rs 3.72 bn

Since the inception of RIDF in 1995-96, NABARD has sanctioned financial assistance of about Rs 19,950 crore to Odisha

Nabard's assistance to Odisha crosses Rs 100 bn by the end of Q3

The rural development refinancing agency National Bank of Agriculture and Rural Development (Nabard's) developmental financial assistance to Odisha has crossed Rs 10000 crore mark before the end of Q3 in the current financial year."During the last fiscal, Nabard had extended financial assistance to the tune of Rs 14,715 crore to the state government and the banks, a achievement of whopping 150 per cent given. This year we aim to cross the last year's figure", K C Panigrahi, chief general manager, Nabard (Odisha regional office).Under refinance channel, Nabard has so far extended Rs 4861 crore to the cooperative banks for production of crops by about three million farmers in the state. Under the long term refinance head, banks have availed credit support of Rs 624 crore, which have facilitated creation of private sector farm assets.For infrastructure creation, the bank has extended financial support to the tune of Rs 2118 crore to the state government.The financial assistance so ...

Nabard aid to Chhattisgarh reaches Rs 3,928 cr in FY17; 39% up from FY16

The rural sector financier had provided Rs 2,816 cr in FY16

NABARD to recruit 17 officers in grade B

Last date to apply for the positions is July 7, 2017

Nabard surpasses FY17 loan target by 50% in Odisha

National Bank for Agriculture and Rural Development (Nabard) has extended financial support to the tune of Rs 14716 crore to Odisha during 2016-17, an achievement of a whopping 149 per cent of the target of Rs 9868 assigned to it for last fiscal.The total financial support to the state government, banks, corporations and other agencies like non-governmental organizations and producers' organizations during the fiscal under review has seen a rise of 76 per cent compared to Rs 8368 crore disbursed during 2015-16.Odisha has been one of the biggest beneficiaries of Nabard's Rural Infrastructure Development Fund (RIDF) under which loans are extended to the state government for critical rural infrastructure projects in sectors like irrigation, roads, bridges. The total loans disbursed to Odisha government during the fiscal stood at Rs 2406 crore.The cumulative RIDF disbursements in Odisha at the end of March 2017 stood at Rs 12324.71 crore."Under the long-term irrigation fund instituted by .

Nabard extends Rs 9,241 cr to co-operative banks, RRBs as refinance in Guj

National Bank for Agriculture and Rural Development (Nabard) has extended Rs 9,241 crore as refinance support to cooperative banks and regional rural banks (RRBs) in Gujarat for providing crop loans to farmers during 2016-17. The bank has sanctioned Rs 2274 crore to the Government of Gujarat for irrigation project of SAUNI Yojana."Refinance support amounting to Rs 9241 crore has been extended to cooperative banks and RRBs in Gujarat for providing crop loans to farmers by Nabard in 2016-17. This is highest ever refinance support given by the bank in Gujarat," said official of Nabard in Gujarat.Nabard has provided Rs 2,274 crore to the state government for irrigation projects under rural infrastructure development fund (RIDF). The fund was given for Saurashtra-Narmada Avataran Irrigation Yojana (SAUNI) link 2 and 4, lift Irrigation project from Kadanna reservoir and Sardar Sarovar canal based drinking water supply project."As per the state's requirement, we have sanctioned Rs 2,274 ...

Shun farm debt waivers: Nabard

Nabard said such schemes should be only for needy people

Govt moves bill in Lok Sabha to raise Nabard's capital to Rs 30K cr

RBI currently holds 0.4% of paid-up capital of Nabard and remaining 99.6% is held by central govt

Nabard rolls out Rs 5,900 cr for area based plan in Odisha

The 'Sectoral Development & Banking Plan' aims at providing comprehensive credit to six identified sectors

Nabard to raise Rs 20,000 cr for on-lending to cooperative banks

Lending rate will be 4.5% with an aim to provide cheaper crop loans to farmers

Nabard sanctions Rs 205 crore loan for Haryana

It is for the first time that Nabard has sanctioned this type of project in the state of Haryana

NABARD sanctions Rs 204.67 cr for Haryana

Aggregate length of the proposed three rural bridges is 329.20 m and that of proposed 26 rural roads in 10 districts is 184.78 Km

NABARD sanctions Rs 26.06 crore to Punjab

The fund has been sanctioned for tackling waterlogging by constructing lift schemes in low-lying areas

Nabard sanctions Rs 177 cr for Punjab

It is for construction of 843.75 km main branches of watercourses and installation of RO plants

Nabard lends Rs 1,000 crore to HSWC for wheat procurement

The Haryana Food and Supplies Department expects around 75 lakh metric tonnes of wheat in the current season

Nabard sanctions Rs 8,800-crore loans in Odisha in FY16

Against these sanctions, the regional office has disbursed Rs 8,367 crore to the state government, banks and corporations

Nabard FY17 borrowing estimated at Rs 50k cr

The market borrowings also include the funds raised through tax-free bonds

Nabard refinances Rs 2,500 crore NBFC-MFI loans in 1st year

Chairman HK Bhanwala said they wish to grow its exposure to NBFCs in FY17, but declined to give a target

Nabard's tax-free bonds offer risk-free investment

Lock into these long-term bonds for higher interest rates and capital appreciation

J&K govt launches Rs 4,200 crore NABARD's PLC Plan in Jammu

Various action points like social mobilisation, creation of awareness and skill formation drives have been identified