Recently announced National Strategies for accelerating the flow of credit to farm sector include doubling the flow of agricultural credit in 3 years, increase in disbursement from Rs.80,000 crore in 2003-04 to Rs.1,05,000 crore in 2004-05, financing of atleast 100 new farmers and 2-3 new investment projects in various sub-sectors of agriculture by each of the rural and semi-urban branches of Commercial Banks.
In the above context, NABARD's strategies, inter alia, cover formulation and circulation of Model Bankable Schemes and Location Specific Bankable Schemes to the financing banks. NABARD also proposes to identify highly potential zones for undertaking investment activities in various states and organise interactive workshops in these potential zones.
The Technical Services Department of NABARD is preparing and bringing model bankable agricultural projects in the areas of Minor Irrigation, Land Development, Plantation & Horticulture, Agricultural Engineering, Forestry and Wasteland, Fisheries , Animal Husbandry and Biotechnology. Besides these traditional areas, State specific area development projects and profiles in the emerging thrust areas of Medicinal & Aromatic Plants, Processing of Fruits & Vegetables have also been prepared for dissemination among financing banks.
Of late, organic farming is gaining prominence as a sustainable alternative in reviving Indian Agriculture. To promote this through institutional credit, Model Bankable Schemes on Organic Farming have been formulated.
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