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HomePosts Tagged "NABARD scheme"
Finance, Schemes - NABARD

Expert’s views were taken into account for meeting the gap in augmenting productivity by way of agri- reforms, transformation, post-harvest management, collectivisation of agricultural produce, value addition and organising farmers into FPO

National Bank for Agriculture and Rural Development (NABARD) has projected a credit potential of Rs 36,292 crore for the state of Assam for the financial year 2022-23

NABARD launched the State Focus Paper today for the financial year 2022-23 which is the consolidation of exploitable district wise realistic potential, both in physical and financial terms in the state of Assam.
Focusing on the priority sector and to ensure integrated and sustainable rural prosperity in the state, NABARD has projected a credit potential of Rs 36,292 crore for the state of Assam for the financial year 2022-23 in the State Credit Seminar held on December 8, 2021. The credit potential is 12 per cent higher than the previous year.

Of the total projected credit potential, as much as Rs 18755 crore (52 per cent) is towards Agriculture and Allied activities, Rs 12952 crore (36 per cent) is towards MSME sector, Rs 1388 crore for Informal Credit – SHGs / JLGs and Rs 3197 crore for housing, education and other Sectors.

The State Focus Paper was released at Guwahati by Finance Minister Ajanta Neog, in presence of Additional Chief Secretary P K Borthakur, Regional Director, RBI, Sanjeev Singha and CGM SBI, R S Ramesh etc.
The credit potential estimated in the State Focus Paper will be used as a base for the preparation of the Annual Credit Plan for priority sector lending of the state by financial institutions for the year 2022-23.

Baiju Kurup, Chief GM, NABARD informed that the seminar deliberated upon the demand of credit at the grass-root level besides taking cognizance of the policy interventions and programmes initiated by NABARD, Financial Institutions, the State as well as Central Governments in various sectors. It was also informed that expert’s views were taken into account for meeting the gap in augmenting productivity by way of agri- reforms, transformation, post-harvest management, collectivisation of agricultural produce, value addition and organising farmers into Farmer Producers’ Organisation (FPO), which may help in creating local level commodity-specific value chains to enable small and marginal farmers to realise optimal value of their products, through better price discovery mechanisms.

Expert’s views were taken into account for

Finance, Schemes - NABARD

It aims to synergise the activities of allied sectors for bringing better value to the stakeholders.

APEDA has been focusing on a collaborative approach to bring synergy with a number of organizations and institutions having inherent professional and specialized expertise in different areas for capacity building of various stakeholders and providing solutions for addressing some of the identified interventions for the development of Agriculture and its export enhancement, in consonance with the objectives set under Agri Export Policy announced by Government of India.

The Agriculture Export Policy was framed with a focus on agriculture export-oriented production, export promotion, better price realisation to farmer and synchronisation within policies and programs of the Government of India. It focuses on ‘Farmers’ Centric Approach for improved income through value addition at the source itself to help minimise losses across the value chain. Policy, therefore, suggests to adopt the approach of developing product-specific clusters in different agro climatic zones of the country to help in dealing with various supply side issues viz., soil nutrients management, higher productivity, adoption of a market-oriented variety of crop, use of Good Agriculture Practices etc.

APEDA and NABARD have signed MoU at their respective Head offices through online virtual mode to utilise their expertise by mutually working together to synergise the activities in the interest of agriculture and allied sectors for bringing better value to the stakeholders.

National Bank for Agriculture and Rural Development (NABARD) is established as a development bank for providing credit for promotion of agriculture, small scale, cottage and village industries, handicrafts and other allied activities in rural areas, with a view to promote integrated rural development and securing prosperity of the rural areas and for matters connected therewith or incidental thereto.

It aims to synergise the activities of