Page 6 - Nabard

Nabard, REC, others to hit bond mkt today; plan to raise about Rs 8,600 cr

Dealers said the PSU may have tied up with investors before launching the issue. There may be some anchor investors.

India Post, Nabard, 4 PSU banks part of two consortia vying for NUE licence

One group is led by top payment solutions firm Financial Software and Systems, the other by FIS, which provided tech solutions for merchants, banks, and capital markets firms globally

Nabard plans to raise up to Rs 40,000 crore through long-term bonds

The money raised will be mostly used for rural development programmes run by the government

NABARD lays emphasis on farmer producer organisation: official

NABARD believes the strategy of achieving higher growth in agriculture needs to be based on forming new farmer producer organisations (FPOs) and nurturing the existing ones

Nabard disburses Rs 16,500 cr under RIDF in first 10 months of FY21

Nabard said it has sanctioned Rs 30,200 crore in the same time

Higher allocation for RIDF to speed up ongoing projects: Nabard Chairman

Allocation to the Rural Infrastructure Development Fund (RIDF) was increased to Rs 40,000 crore

Allocation for Jal Jeevan Mission may be doubled in upcoming Budget

Ministry hopeful of uptick in activity; may take Rs 12k-crore loan from Nabard

NABARD, Agri Infra Fund Loans to be made available for PM-KUSUM scheme

PM-KUSUM or Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan Scheme is a flagship scheme of the central government to solarise agricultural areas and irrigation activities

Govt okays subsidised loans worth Rs 3,971 cr for micro-irrigation projects

Out of this, the biggest loan of Rs 1,357.93 crore has been approved for Tamil Nadu

Punjab govt seeks Rs 1,000 crore from NABARD for cooperative institutions

The Punjab government on Wednesday sought Rs 1,000 crore from NABARD for cooperative institutions in the state. Cooperation Minister Sukhjinder Singh Randhawa made this demand during a meeting with National Bank for Agriculture and Rural Development (NABARD) Chairman G R Chintala in Mumbai, according to a government release here. The assistance was sought under the Special Liquidity Facility (SLF) and Long Term Rural Credit Fund (LTRCF) for Punjab Agricultural Development Bank (PADB). The minister apprised NABARD Chairman of the financial constraints faced by PADB. A strong case was made out in favour of giving SLF and providing 100 per cent refinance under LTRCF to PADB through a presentation, the release said. After detailed discussions, Chintala assured to provide maximum support under SLF and 100 per cent refinance under the LTRCF to PADB, as per the release. Randhawa also took up the matter pertaining to loans for setting up cooperative sugar mills in Batala and Gurdaspur. .

Govt owned NABARD gives clean chit to Reliance Commercial Finance

NABARD, the second largest lender to Reliance Commercial Finance Limited (RCF) with over Rs 1,100 crore of secured loan exposure, has given a clean chit to RCF and has removed its red flag

Regional rural banks incur net loss of Rs 2,206 crore in FY20: Nabard

Regional rural banks (RRBs) as a group reported net loss of Rs 2,206 crore in the fiscal year ended March 31, 2020, as against Rs 652-crore net loss in FY19, according to data published by Nabard

NABARD to undertake Sanitation Literacy Campaign in 2,000 villages

NABARD is embarking on a Sanitation Literacy Campaign from October 2 to promote literacy on 'WASH' (Water, Sanitation and Hygiene) in 2,000 villages across India covering 100,000 rural population

Nabard clean chit to Reliance Commercial Finance, sees no fraud in GT audit

Nabard had classified the account of RCFL as "red flag" in February this year, which led to a detailed forensic audit of the company's books, delaying its sale.

Deja vu on DFIs

The bank-led model of infrastructure financing is fraught with difficulties. But DFIs are not a quick fix

NABARD gives sanction for proposals worth Rs 1,568 cr under Agri Infra Fund

NABARD has given in-principle sanction for Rs 1,568 crore worth of proposals received from agri-credit societies in 22 states under the recently launched Rs 1 trn Agri Infrastructure Fund

Nabard to disburse Rs 1.2 trillion crop loan for farmers this fiscal

In a bid to support agri sector amid Covdi-19 crisis, NABARD on Thursday said it aims to disburse Rs 1.20 trillion crop loan to farmers for meeting production expenses this fiscal

NABARD sanctions micro irrigation projects worth Rs 3,805 cr so far: Tomar

Agriculture Minister Narendra Singh Tomar said the National Bank for Agriculture and Rural Development (NABARD) has sanctioned micro irrigation projects worth Rs 3,805.67 crore so far

Firms raising 3-month money at much lower than RBI's overnight rates

Even as FCI is raising Rs 75,000 cr for three months at 4.69%, companies are regularly tapping bond market for the same tenure at as low as 3.2%, way lower than RBI's repo rate of 4%

Agri sector silver lining for FY21 amid economic slowdown: NABARD chief

Chintala said one of the prescriptions for lifting the economy out of a slowdown was to put in place a strategy that leverages its latent strength