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The Assam Cabinet on Saturday approved raising a Rs 115.11 crore loan from NABARD to fast-track infrastructure development and road improvement projects in Karbi Anglong, West Karbi Anglong, North Cachar Hills and Tinsukia districts, Public Health Engineering Minister Jayanta Malla Baruah said. Briefing the media after the cabinet meeting, Baruah said the loan would help accelerate development works in key hill and industrial districts of the state. The cabinet also approved amendments to the Assam Police Manual to allow both armed and unarmed branch personnel to appear for promotion to assistant sub-inspector of police, promoting merit-based advancement and improved policing efficiency. The cabinet also gave its nod to the settlement of 732 proposals for government khas and ceiling surplus land in Kamrup (Metro) district under Mission Basundhara 3.0, benefitting indigenous and landless families for homestead purposes, he said. Additionally, 168 proposals under Mission Basundhara 2
A high-powered committee headed by the Kerala chief secretary has granted in-principle approval to infrastructure development projects worth Rs 1,441 crore in the state under tranche 31 of NABARD's Rural Infrastructure Development Fund (RIDF), the Chief Minister's Office said on Saturday. The National Bank For Agriculture And Rural Development's (NABARD) RIDF tranches are annual allocations of funds for rural infrastructure development in India. The approvals granted to the various projects were announced in a statement issued by the Chief Minister's Office (CMO) on Saturday. The CMO statement said that various projects were recommended, considering the normative allocation of Rs 550 crore under RIDF tranche 31. Projects worth Rs 159.64 crore, which include the creation of Rapid Response Teams, construction of forest station complexes and infrastructure development of forest offices, have been approved for the Forest Department, it said. The Electricity Department has been sanctio
The National Bank for Agriculture and Rural Development (Nabard) is looking to raise its maiden external commercial borrowing in FY26, a top official said on Tuesday. The entity has received the Reserve Bank approval to undertake such an issuance and is now gearing up for it, its chairman Shaji KV told reporters here. "We have the permission in place and have started work on it," Shaji said, speaking on the sidelines of the annual Fibac event here. The bank is keen to undertake the issuance in FY26 itself, Shaji said, choosing not to point out to an exact timeline or quantum to be raised. Proceeds of the issue will be deployed for climate change-related financing activities for which funds are available at a discount, he said, adding that nearly the entire rural portfolio of the lender will qualify under the category. Stating that it is yet to appoint merchant bankers to undertake the fundraise, he said the final costs of borrowing will play an important role in determining the fi
National Bank for Agriculture and Rural Development (Nabard) has promoted the formation of 6,215 FPOs till date under various schemes, Parliament was informed on Monday. The major support provided to Farmer Producer Organisations (FPOs) includes formation of FPOs, capacity building, credit facilitation and market linkage support, financial literacy, etc, Finance Minister Nirmala Sitharaman said in Lok Sabha. In addition, she said, Nabard, in partnership with Small Farmers' Agri-Business Consortium (SFAC) and Open Network for Digital Commerce (ONDC), has conducted FPO Melas (TARANG-celebrating Collectivisation) at 50 locations across 24 states/UTs to demonstrate the products of FPOs/OFPOs to enable the marketing & branding of FPO products. She further said Nabard extends loan assistance to state governments for the creation of rural infrastructure through various funds, that is, Rural Infrastructure Development Fund (RIDF), Nabard Infrastructure Development Assistance (NIDA), Rural
NABARD Chairman Shaji KV said on Monday IT integration of recently amalgamated Regional Rural Banks (RRBs) on the principles of 'One State One RRB' is expected to be completed by September 30. The amalgamation of RRBs on the principles of 'One State One RRB' became effective from May 1. This was aimed at improving scale efficiency and cost rationalisation. With this, now, there are 28 RRBs in 26 states and 2 UTs with more than 22,000 branches covering 700 districts. Speaking at a CII event, Shaji said that as of May 1, integration of all the RRBs at the state level has been done, and by September, the IT integration of RRBs is expected to be completed. The chairman said that NABARD (National Bank for Agriculture and Rural Development) is working on building a common digital infrastructure with RRBs. They are rolling out credit infrastructure and government data systems to reach rural populations. However, challenges like low internet bandwidth and awareness exist, but efforts ar