Page 3 - Nabard

Sa-dhan seeks new MFI refinance body, calls for more equity support

Sa-dhan has urged the government to set up a dedicated MFI refinance body and increase flexibility in the India Microfinance Equity Fund to address funding challenges in the microfinance sector

Nabard sees credit potential of Rs 2,106 cr for Nagaland in priority sector

The National Bank for Agriculture and Rural Development (NABARD) projected a credit potential of Rs 2,106.34 crore for 2025-26 under priority sector activities in Nagaland. The projection was made in the State Focus Paper (SFP) released by Advisor for Agriculture Mhathung Yanthan during a seminar organised by NABARD here on Tuesday. The SFP stated that of the total projection, Rs 712 is for agriculture, Rs 968 crore for MSME and Rs 425 crore for other sectors. The paper outlines a comprehensive assessment of the state's credit potential for priority sector activities, which include agriculture, rural development, and infrastructure projects to help guide financial institutions in channelling credit effectively, said NABARD General Manager Pauliankap Bulte. He said banks should focus on extending credit to Farmer Producer Organisations (FPOs). Bulte stressed the importance of supporting Primary Agricultural Credit Societies (PACS), including those identified for computerisation und

MP priority sector has a credit potential of Rs 3.13 trillion, says Nabard

State focus paper released in State Credit Seminar, maximum credit potential in agriculture and MSME sectors

Economic Survey 2024-25: Rural demand rises, urban sends mixed signals

It also noted that the impulse from rural demand is expected to continue in the second half of the financial year

Growth in agri credit may top 13% in FY25: Nabard chairman Shaji KV

Nabard chair Shaji KV says rise shows declining reliance on informal sources

PM Modi launches 6-day Grameen Bharat Mahotsav, unveils rural India vision

At the inauguration, PM Modi interacted with artisans and was felicitated by Nabard Chairperson Shaji KV

Nabard raises Rs 4,864 crore at 7.40%; IRFC raises Rs 2,345 cr at 7.09%

PNB looking to raise Rs 3,000 cr through tier-II bonds

Cooperative banks expected to be digitised by March 2025: Nabard chairman

National Bank for Agriculture and Rural Development (NABARD) Chairman Shaji K V on Tuesday said cooperative banks are expected to be digitised by March 2025 with a view to streamline operations and enhance the efficiency of these financial institutions. The Reserve Bank of India (RBI) has mandated all cooperative banks to adopt the Core Banking Solution (CBS) marking a significant step towards modernisation. "We are on behalf of central government undertaking digitisation of cooperatives. By March 2025 it will happen and by that time we will invite fintechs to work on that. We need a lot of technology solutions to work on these digitised database that we will have besides looking at transaction trails of digital platform," he said. Speaking at a CII event here, he said NABARD is proposing to set up a common shared services entity across the country for all rural cooperatives. "Both government and the RBI have agreed in principle for this entity. We jointly with the central governme

Karnataka CM seeks more agricultural loans, meets FM for farmers' interests

Karnataka Chief Minister Siddaramaiah met Union Finance Minister Nirmala Sitharaman on Thursday, urging her to intervene and increase the Short Term Agricultural Loans (SAO) limit for the fiscal 2024-25. In the meeting held at North block, the chief minister highlighted a sharp decline in the proposed loan allocation by NABARD, which has sanctioned only Rs 2,340 crore against the state's applied limit of Rs 9,162 crore, a 58 per cent reduction compared to the previous year's Rs 5,600 crore. Presenting a detailed representation, Siddaramaiah emphasised that Karnataka aims to disburse short-term agricultural loans worth Rs 25,000 crore to 35 lakh farmers in 2024-25. In 2023-24, the state has already disbursed Rs 22,902 crore through the cooperative credit structure. The state government said that the drastic reduction in the SAO loan limit could significantly impede agricultural cooperation and potentially disrupt food grain production. NABARD attributed the reduced allocation to a ..

Karnataka CM seeks to meet FM Sitharaman to discuss Nabard loan 'reduction'

Karnataka Chief Minister Siddaramaiah on Wednesday said he has sought an appointment with Union Finance Minister Nirmala Sitharaman to discuss the "reduction" in loan amount to the state this year, from the National Bank for Agriculture and Rural Development (NABARD). The Chief Minister will be travelling to the national capital tonight. "There is a launch of Nandini products in Delhi, so I'm going. I have also sought appointment with Union Finance Minister Nirmala Sitharaman, because NABARD loan to the state this year has been reduced. Last year, Rs 5,600 crore was given, this year it is Rs 2,340 crore. It has been reduced by 58 per cent," Siddaramaiah said. Speaking to reporters here, he noted that the NABARD comes under the Finance Ministry. "I will make a request to her." Asked if he will be meeting the Congress high command during the visit, the CM said: "I will have to return (to state) by tomorrow evening. If I get time, I will meet." Siddaramaiah is scheduled to launch Nan

Dynacons Systems & Solutions shares fly 13% on Rs 108-cr order from NABARD

The rise in the Dynacons Systems & Solutions share price came after the company announced that it has secured an order worth Rs 108 crore from the NABARD

Nabard sanctions Rs 770 crore for two irrigation projects in Jharkhand

The National Bank for Agriculture and Rural Development (NABARD) on Saturday said it has sanctioned Rs 770 crore financial assistance for the construction of two irrigation projects in Jharkhand. These projects were approved under the Rural Infrastructure Development Fund (RIDF) for the fiscal year 2024-25. "NABARD has sanctioned financial assistance of Rs 769.58 crore for construction of two irrigation projects in Palamu and Giridih districts under Rural Infrastructure Development Fund during FY 2024-25," S K Jahagirdar, Chief General Manager, NABARD Jharkhand Regional Office, said. Once completed, the project in Palamu will provide irrigation to an additional 11,000 hectares of land through pipelines across eight blocks in the district. The megalift irrigation project in Giridih will cover 165 of the 197 villages in Pirtand block, leading to the development of 10,158 hectares of cultivable command area. Both projects are expected to significantly enhance agricultural activities

Rural households' indebtedness rose between 2016-17 and 2021-22: Nabard

The average monthly expenditure of rural households also increased during the five years from Rs 6,646 in 2016-17 to Rs 11,262 in 2021-22

Nabard to tap global agencies to set up carbon fund: Chairman Shaji K V

According to a recent study by the Coalition for Disaster Resilient Infrastructure (CDRI), globally, assets worth nearly $800 billion are getting affected on an annual basis due to climate change

Supporting agripreneurs

New fund should support innovation

After strengthening capital, RRBs to focus on product diversification

The top priority will be upgrading the technology platform for digital banking for retaining existing customers and attracting new ones in rural areas

Nabard may raise Rs 30,000 crore through bonds in FY25, says CRISIL

The money raised through the market covering bonds and money market instruments had about 51.5 per cent share in total borrowings by Nabard at the end of March 2024

Nabard partners with RBI Innovation Hub to fast-track digital agri lending

The National Bank for Agriculture and Rural Development (NABARD) on Thursday said it has partnered with Reserve Bank's arm RBIH to put in place a system which will enable faster processing of agricultural loans. NABARD said it will integrate its e-KCC loan origination system portal with the Public Tech Platform for Frictionless Credit (PTPFC) of Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of the RBI. NABARD has developed the loan origination system portal to facilitate digital Kisan Credit Card (KCC) loan processing for cooperative banks and Regional Rural Banks (RRBs). "The digitisation of agricultural lending will ensure instant doorstep delivery of credit to farmers while improving the efficiency of banks, advancing NABARD's mission of fostering rural prosperity," NABARD chairman Shaji K V said. The partnership agreement was signed by the NABARD chairman and Rajesh Bansal, CEO, RBIH. Through the integration with PTPFC, about 351 district and state cooperative

Nabard projects Rs 2,43,093 crore credit potential for Bihar in 2024-25

The National Bank for Agriculture and Rural Development (NABARD) has projected Rs 2,43,093 crore credit potential for Bihar in 2024-25. The likely estimate has been made taking into account the Reserve Bank of India's priority sector-based guidelines, Central and state government policies and policies for sustainable agriculture and rural development. The State Focus Paper 2024-25 for Bihar, a compilation of the assessed credit flow for all 38 districts of the state was unveiled by Development Commissioner Chaitanya Prasad at NABARD's credit seminar here on Tuesday. The total credit flow under the priority sector for the year 2024-25 is estimated at Rs 2,43,093 crore. Prasad said, "There is a need for credit intensification through specific planning for each of the sub-sectors under agriculture in the state. Credit plays an important role in economic development and employment generation in the state". Chief General Manager, NABARD, Sunil Kumar said that as on March 31, 2023, "Biha

Nabard estimates Rs 3.62 trn priority sector credit potential for FY25

The National Bank for Agriculture and Rural Development (NABARD) has projected a priority sector credit potential of Rs 3.62 lakh crore for 2024-25. This projection reflects a remarkable 32 per cent rise from its previous year's assessment, a bank official said Tuesday. The announcement was made during the State Credit Seminar held today, where NABARD launched the State Focus Paper (SFP) for FY 2024-25. The SFP serves as a consolidated document, outlining district-wise realistic potential in physical and financial terms for Rajasthan. Akhil Arora, Additional Chief Secretary (Finance), officially released the State Focus Paper in the presence of key dignitaries. Arora highlighted the role of NABARD and the banking fraternity as integral components of the development ecosystem. He stressed the importance of empowering youth and strengthening the Agri and MSME sectors, pitching for collaboration between the government and banking sector to achieve the mission of a 'Vikasit Rajastha