Nabard support in Haryana crosses Rs 6,000 cr in 2012-13

Records 19% growth from Rs 5,091 cr last fiscal

Haryana Regional Office of NABARD has extended a record support of Rs 6,031 crore for Agriculture and Rural Development in Haryana during the year 2012-13, recording a growth of 19 per cent over the year 2011-12 (Rs 5,091 crore).

According to a release issued by Nabard, refinance support of Rs 5,708 crore extended to banks in Haryana during the period. Out of the total refinance support, Rs 603 crore (10 per cent) was provided towards Investment Credit as refinance for capital formation in Agriculture and rural economy covering farm and non-farm sector activities to commercial banks, regional rural banks (RRBs) and cooperative banks.

Also, an amount of Rs 4,950 crore (registering 25 per cent growth over previous year i.e. Rs 3,960.90), constituting 87 per cent of the total support, was extended to Cooperative Banks and RRBs to meet the Short-Term Credit needs of farmers for carrying out crop production and other activities. In addition to this, an amount of Rs 150 crore (3 per cent) was provided as refinance to Haryana State Co-operative Bank.