Nabard records highest ever biz level of Rs13,509 cr in K'taka

National Bank for Agriculture and Rural Development has recorded the highest ever business level of Rs 13,509 crore in 2015-16, the bank said today.
The long-term refinance disbursements from Nabard to banks for financing agriculture and allied activities touched a new high at Rs 6,766.90 crore in the state- a record growth of 60 per cent over previous year, it said.
Long-term refinance disbursements to Cooperatives in Karnataka at Rs 1519.14 crore was the highest by any State in the country and Rs 1748.46 crore to Regional Rural Banks was second highest, Nabard said in a statement.
Short-term refinance for crop loans was disbursed to the tune of Rs 5,205.21 crore at a concessional rate of 4.5 per cent per annum to Cooperatives, Regional Rural Banks and Primary Agriculture Credit Societies through Commercial banks, it said.

Nabard also released a total loan assistance of Rs 761.82 crore to the government of Karnataka and State Corporations for development of rural and warehouse infrastructure during 2015-16, it added.