Page 6 - Nabard

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

RBI announces special liquidity facility of Rs 10,000 cr for Nabard, NHB

The liquidity facility to both the Nabard and the NHB will be offered at the policy repo rate, RBI Governor Shaktikanta Das said

Nabard sanctions Rs 795 cr for infra damaged by cyclone Amphan in Bengal

The amount of Rs 795 crore was sanctioned following the appeal of the government, the official said

Nabard to give banks refinance of Rs 5,000 cr to support watershed projects

These projects cover 2.3 million hectares of rainfed area, watershed and tribal development project areas

Agri-infrastructure needs a push

Facilities that help reduce post-harvest wastage of produce will also boost farmers' incomes

Banarasi paan, Barabanki handloom, other exclusive UP products to get GI tag

Among other prospective goods for GI tagging are Banarasi Langra, Adamchini rice, Ram Nagar baigan, Barabanki handloom, Muzaffarnagar jaggery, Agra leather footwear, and Baghpat handloom

Rural Fintech startup Jai Kisan raises Rs 30 cr from NABARD-backed fund

Over the past 6 months, Jai Kisan has disbursed over Rs 50 crore in loans of top tier credit quality to a diverse set of 5,500-plus borrowers from various income groups across 10 states

FM's Day 3 stimulus: Agriculture, allied activities get Rs 1.5-trn package

Opposition, experts say measures do nothing for farmers facing income loss

Govt pumps Rs 30,000 crore into Nabard, offers Rs 2-trn loan to farmers

Brings 25 million farmers under concessional loan scheme; experts say these measures do nothing to address basic problem of low farm prices and falling demand

We are expecting a vibrant crop production this year: Nabard chief Bhanwala

Harsh Kumar Bhanwala, Chairman, Nabard, in a telephonic interview with Namrata Acharya shares his insights about the present state of agriculture and other rural sectors

Nabard to review fundings of Regional Rural Banks, co-op banks on April 20

To tap RBI refinance window for funding to RRBs etc

RBI measures sufficient, not substantial; Guv doing balancing act: Experts

RBI governor is walking a tightrope, says a former chief statistician