Nabard sanctions Rs 6,000 cr for 2011-12

The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 6,318.27 crore for various projects in Tamil Nadu and Puducherry during 2011-12, up by 47 per cent over the same period of previous year. During 2010-11 the banks' refinance was extended for crop loans at Rs 2,620 crore and for other short term purposes Rs 330 crore. It was also extended to co-operative banks for financing weavers' societies to Rs 230 crore, Chief General Manager Lalitha Venkatesan said in a statement. Nabard is implementing 16 subsidy schemes across sectors like animal husbandry.