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NABARD focuses on 3 areas to make farming profitable

-- Celebrates 34th foundation day   

Bhubaneswar, July 12: The National Bank of Agriculture and Rural Development (NABARD) has planned to focus on three areas, increasing ground level disbursement of agricultural term loan, deepening and wider spatial coverage of the ongoing efforts relating to SHGs/JLGs/Producer Organisations as well as setting up of adequate scientific warehouses and processing units this financial year to make farming a profitable proposition.

NABARD Odisha CGM SK Kale informed this on the occasion of its 34th foundation day.

Chief Secretary GC Pati who graced the occasion as the chief guest appreciated NABARD for its continuous support and active involvement in the development of rural sectors. He urged for appropriate policy measures for reducing the inequality in farm and non-farm sector. He laid emphasis on expanding outreach of banks in rural areas to provide banking services in the remotest corner of the State.

As on date, NABARD have sanctioned RIDF assistance of nearly Rs 12,000 crore to the State cumulatively. It is estimated that the completed irrigation projects under RIDF have created irrigation potential of 9.13 lakh hactre and the roads and bridges have created connectivity over 8129 km and 1.18 lakh meters, respectively.

Development Commissioner UN Behera praised NABARD for the records sanction for infrasturecture projects under Rural Infrastructure Development Fund (RIDF). SBI CGM KM Trivedi appreciated the efforts of agriculture bank in providing handholding support to banks for increasing the ground level credit flow in the State.

Among others, NABARD GM and SLBC convenor BP Samantaray, representatives from banks, NGOs participated in the programme.

The guests also released four publications of NABARD on the occasion.

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