| |
Introduction |
| |
| NABARD is set up as an apex Development Bank with a mandate for facilitating
credit flow for promotion and development of agriculture, small-scale industries,
cottage and village industries, handicrafts and other rural crafts. It also has the
mandate to support all other allied economic activities in rural areas, promote
integrated and sustainable rural development and secure prosperity of rural
areas. In discharging its role as a facilitator for rural prosperity NABARD is
entrusted with |
| |
| 1. |
Providing refinance to lending institutions in rural areas |
| |
|
| 2. |
Bringing about or promoting institutional development and |
| |
|
| 3. |
Evaluating, monitoring and inspecting the client banks |
| |
|
| |
Besides this pivotal role, NABARD also: |
| |
|
| • |
Acts as a coordinator in the operations of rural credit institutions |
| |
|
| • |
Extends assistance to the government, the Reserve Bank of India and other organizations in matters relating to rural development |
| |
|
| • |
Offers training and research facilities for banks, cooperatives and
organizations working in the field of rural development |
| |
|
| • |
Helps the state governments in reaching their targets of providing
assistance to eligible institutions in agriculture and rural development |
| |
|
| • |
Acts as regulator for cooperative banks and RRBs |
| |
|
|
|
Some of the milestones in NABARD's activities are: |
| |
|
| |
A. Business Operations: |
| |
|
| • |
Production Credit: Production Credit (or Crop Loans) to Cooperative Banks and Regional Rural Banks (RRBs) stood at  48,981 crore during 2011-12, registering a growth of 45 per cent over the previous year. |
| |
|
| • |
Investment Credit : Investment Credit for capital formation in agriculture & allied sectors, non-farm sector activities and services sector to commercial banks, RRBs and co-operative banks reached a level of 15,421 crore as on 31 March 2012 registering an increase of 14 per cent, over the previous year. |
| |
|
| • |
Rural Infrastructure Development Fund (RIDF): Through the Rural Infrastructure Development Fund (RIDF) 14927 crore was disbursed during 2011-12. A cumulative amount of 142470.65 crore has been sanctioned for 462229 projects as on 31 March 2012 covering irrigation, rural roads and bridges, health and education, soil conservation, drinking water schemes, flood protection, forest management etc. |
| |
|
| |
B. New Business Initiatives: |
| |
|
| • |
NABARD Infrastructure Development Assistance (NIDA): NABARD has set up NIDA, a new line of credit support for funding of rural infrastructure projects. The cumulative sanctions under NIDA during the year 2011-12 was 890.85 crore and disbursement was 422.90 crore. |
| |
|
| • |
Producers Organisations Development Fund (PODF): In order to support and finance Producers’ Organiosations, NABARD set up PODF. During the year, 13 projects were sanctioned to Producers Organisations and 70 projects to PACS, with an assistance of `32.29 crore and 7.75 crore, respectively. The cumulative sanction under the fund was 40.04 crore. |
| |
|
| • |
Direct Lending to CCBs: Under Direct lending to CCBs, 937.74 crore was disbursed during the year 2011-12. |
| |
|
| • |
PACS as Multi Service Centres : A total of 2,335 PACS have been developed as Multi-service Centres through various interventions from NABARD. |
| |
|
| • |
Core Banking Solutions (CBS) : Through Core Banking Solution (CBS), Co-operatives are being brought to a higher technology platform so as to compete with other banks for business and growth. |
| |
|
| |
C. Development Initiatives: |
| |
|
| • |
Watershed Development Fund (WDF): During 2011-12, NABARD provided assistance of 239.99 crore for watershed development covering an area of 5.29 lakh ha, as against 152 crore during 2010-11. The cumulative support stood at 598 crore in respect of 620 projects as on 31 March 2012. |
| |
|
| • |
Farm Innovation and Promotion Fund (FIPF): During 2011-12, 41 projects were sanctioned under FIPF in 14 States with financial assistance of 56.53 crore under the Fund. The Fund also supported the pilot testing of the unique mobile-enabled Kisan Credit Project (m-KCC) project. |
| |
|
| • |
Farmers’ Technology Transfer Fund (FTTF): During the year 2011-12, 395 proposals were sanctioned in 29 States with grant assistance of 20.59 crore. The cumulative disbursement as at the end of March 2012 was 44.59 crore. |
| |
|
| • |
Farmers’ Clubs: With the launching of 25,243 new Farmers’ Clubs during the year, the number of clubs reached 1,01,951 as on 31 March 2012. |
| |
|
| • |
Umbrella Programme on Natural Resource Management (UPNRM): UPNRM aims to boost rural livelihoods by supporting community-managed sustainable natural resource management projects and supported 104 projects in 16 States with disbursements to the tune of 131.89 crore. |
| |
|
| • |
Tribal Development Fund (TDF): During the year 2011-12, financial assistance of 290.63 crore was sanctioned for 98 projects benefiting 72,419 tribal families in 16 States. The cumulative sanction as on 31 March 2012 was 1,208.23 crore, covering 3.23 lakh families in 415 projects across 26 States/UTs. |
| |
|
| • |
Financial Inclusion Fund (FIF) and the Financial Inclusion Technology Fund (FITF) : As on 31 March 2012, the cumulative sanctions under FIF and FITF were 114.62 crore and 343.48 crore, respectively and disbursements were 36.46 crore and 184.16 crore, respectively. |
| |
|
| • |
SHG-Bank Linkage Programme: As on 31 March 2011, there were more than 74.62 lakh savings linked Self Help Groups (SHG) and more than 47.87 lakh credit-linked SHGs covering 9.7 crore poor households under the micro-finance programme. The SHG - Bank Linkage Programme was given a renewed thrust with the launch of SHG-2. |
| |
|
| |
go to top |
| |
|
