Page 8 - Nabard

Have headroom to raise Rs 35,000 cr to fund business growth: Nabard chief

The National Bank for Agriculture and Rural Development raises funds through long term bonds, usually of 10-15 years tenures

Modi govt to seek Nabard help for J&K's saffron, peach, walnut producers

To ensure better price to the farmers of newly created union territory of Jammu and Kashmir, Finance Minister Nirmala Sitharaman on Tuesday said the government will seek help of NABARD in procuring farm produce like saffron, peaches and walnuts from them. Also, she said, the government wants to promote solar energy generation in the union territory (UT) of Ladakh, which is also carved out of the erstwhile state of Jammu and Kashmir. The government has recently procured apples from the farmers of UT of Jammu and Kashmir (J&K) through National Agricultural Cooperative Marketing Federation of India (NAFED). "Now I'm ensuring that I will take the chairman of NABARD to J&K even if it's winter now because I want ... the next crop of saffron, peaches and walnuts and other agri produce of J&K to get that kind of support which through NABARD the central government can extend to Jammu and Kashmir," she said at an event organised by National Bank for Agriculture and Rural Development

FM Sitharaman advises farmers to produce oilseeds, which are high in demand

Finance Minister Nirmala Sitharaman on Tuesday urged farmers to produce oilseeds in place of other crops as India particularly imports edible oil and palm oil."We are telling farmers which crops will give them a better price in the area. We are also telling them what all crops can be irrigated or cannot be irrigated on the rain-fed land," she said while addressing the sixth World Congress on Rural & Agriculture Finance in New Delhi."The support price may be given for other things but please do produce oilseeds because they have a great demand in India. Edible oil consumption is also a matter of great concern, as we still import quite a lot quantity particularly palm oil," she said.The Union Minister also requested National Bank for Agriculture and Rural Development (NABARD) Chairman Dr Harsh Kumar Bhanwala to visit Jammu and Kashmir to ensure that the farmers get the correct price of their produce in the next season."You are aware that recently we used NAFED to procure apples ...

Nabard is shortlisting start-ups, first deal in 2 months: Harsh Bhanwala

Start-ups have approached us, and we are in the process of identifying them based on their innovation, he said

Nabard to raise Rs 55,000 crore from market for rural development schemes

The financial institution raises funds through long term bonds - usually of 10-15 years tenures

Nabard to switch to risk-based supervision of co-operative banks, RRBs

It will first conduct such exercise on pilot basis and then scale up to cover 400 entities under its supervisory ambit

Nabard to raise Rs 60,000 crore via non-convertible debentures this year

Nabard has introduced new features like multiple pricing of bonds, tripartite repos and 15-year tenor debentures

Nabard pegs Odisha's credit potential at Rs 75,612 crore for FY20

The total outlay for credit requirement projections is an aggregation of the 'Potential Linked Credit Plans' prepared by the Nabard for all the districts of the state

Financial inclusion: A long way to go

The All India Rural Financial Inclusion Survey by Nabard shows while rural India is no longer predominantly agricultural, access to financial services remains weak

Nabard launches Rs 80 bn Dairy Processing and Infra Development Fund

According to Nabard, the fund is expected to achieve an investment of Rs 100 billion in the dairy sector by 2019-20

All you need to know about NABARD's 'agriculture household' survey

This survey also shows how things have moved forward since the last large-scale sample survey conducted by NSSO in 2012-13

Nabard doubles financial assistance to Odisha in two years

The total financial resource support to the state has doubled to Rs 171.95 billion in 2017-18 under both institutional credit support and infrastructure development.

NABARD to lend Rs 210 bn to Madhya Pradesh in current fiscal year

In the last three years, NABARD has given Rs 20 bilion every year to the Madhya Pradesh government for works related to roads, bridges and irrigation among other things

NABARD breather for small farmers in Chhattisgarh's un-electrified villages

This will be the first project of NABARD to provide solar pump sets for the minor irrigation project

Nabard plans to double balance sheet to Rs 7 trn in five years

Nabard is allowed to raise up to 10 times of its net owned fund which would be nearly Rs 380 billion by end-March

Over 40,000 Odisha farmers to gain as Nabard sanctions Rs 3.72 bn

Since the inception of RIDF in 1995-96, NABARD has sanctioned financial assistance of about Rs 19,950 crore to Odisha

Nabard's assistance to Odisha crosses Rs 100 bn by the end of Q3

The rural development refinancing agency National Bank of Agriculture and Rural Development (Nabard's) developmental financial assistance to Odisha has crossed Rs 10000 crore mark before the end of Q3 in the current financial year."During the last fiscal, Nabard had extended financial assistance to the tune of Rs 14,715 crore to the state government and the banks, a achievement of whopping 150 per cent given. This year we aim to cross the last year's figure", K C Panigrahi, chief general manager, Nabard (Odisha regional office).Under refinance channel, Nabard has so far extended Rs 4861 crore to the cooperative banks for production of crops by about three million farmers in the state. Under the long term refinance head, banks have availed credit support of Rs 624 crore, which have facilitated creation of private sector farm assets.For infrastructure creation, the bank has extended financial support to the tune of Rs 2118 crore to the state government.The financial assistance so ...

Nabard aid to Chhattisgarh reaches Rs 3,928 cr in FY17; 39% up from FY16

The rural sector financier had provided Rs 2,816 cr in FY16

NABARD to recruit 17 officers in grade B

Last date to apply for the positions is July 7, 2017

Nabard surpasses FY17 loan target by 50% in Odisha

National Bank for Agriculture and Rural Development (Nabard) has extended financial support to the tune of Rs 14716 crore to Odisha during 2016-17, an achievement of a whopping 149 per cent of the target of Rs 9868 assigned to it for last fiscal.The total financial support to the state government, banks, corporations and other agencies like non-governmental organizations and producers' organizations during the fiscal under review has seen a rise of 76 per cent compared to Rs 8368 crore disbursed during 2015-16.Odisha has been one of the biggest beneficiaries of Nabard's Rural Infrastructure Development Fund (RIDF) under which loans are extended to the state government for critical rural infrastructure projects in sectors like irrigation, roads, bridges. The total loans disbursed to Odisha government during the fiscal stood at Rs 2406 crore.The cumulative RIDF disbursements in Odisha at the end of March 2017 stood at Rs 12324.71 crore."Under the long-term irrigation fund instituted by .