Particulars of its organisation, functions and duties
NABARD/ Department of Storage and Marketing (DSM), Head Office, Mumbai,
Tel : 022 26524207
Functions and duties:
Warehouse Infrastructure Development
- Providing financial support for creation of Scientific Storage Infrastructure (Dry and Wet) for Agricultural Commodities out of Warehouse Infrastructure Fund.
- Financing APMCs for construction of marketing infrastructure within the APMCs.
Support for creating Infrastructure and Promoting Food Processing Industries
- Provide credit for establishing infrastructure in Designated Food parks and individual food processing units in these designated food parks.
- Formulate policies / strategies for augmenting the processing infrastructure to ensure reduction in post-harvest losses, creating awareness for value addition, and developing forward linkages for the farmers produce directly.
- Promote modernization of existing processing units in the designated food parks resulting in technology upgradation, automation, increase in efficiency, improvement in product quality, reduction in cost etc.
- To assist MOFPI, Government of India, in effective implementation of Mega Food Park Scheme, Scheme for Creation of Agro Processing Cluster, Scheme for Creation of Backward, and Forward Linkages and Scheme for Cold Chain, Value Addition, Mission Operation Greens, and Preservation Infrastructure by being a member in the Inter Ministerial Approval Committee and Technical Committee.
Agri Marketing Infrastructure Fund:
- Government of India in the Union Budget 2018-19 announced setting up of Agri- Market Infrastructure Fund (AMIF) with a corpus of Rs.2000 crore with NABARD for developing and upgrading agricultural marketing infrastructure in 22000 GrAMs and 585 APMCs.
- The scheme aims to provide financial assistance for upgradation of Rural Haats to Gramin Agriculture Markets (GrAMs), creation of electronic display mechanism, linking of GrAMs with APMCs and upgradation of 585 e-NAM enabled APMCs.
- The Ministry of Agriculture and Farmers Welfare (MoA&FW), GoI has since issued the Scheme Guidelines to the State Governments. NABARD has issued internal operation guidelines on 28 July 2020.
- State Governments, shall be eligible to avail loans, through respective Finance Departments, from NABARD under AMIF.
- The beneficiaries under AMIF may be identified by the respective State Government and may include APMCs, PRIs, Farmers Producers’ Organizations (FPOs)/ Cooperatives/ State Level Agencies, etc. which may avail loans through AMIF through the Nodal Department in the State Government.
||The powers and duties of its officers and employees
Sanctions: Depending on the amount of term loan, the projects are sanctioned by the Internal Sanctioning Committee for loans under RIDF (ISC) or the Sanctioning Committee (SC) which is a sub-committee of the Board of Directors as under:
|Type of Borrower
||Internal Sanctioning Committee
|State Governments and State Owned Entities (backed by State Government Guarantee)
||Loan upto Rs. 100 crore
||Loan above Rs. 100 crore
|State owned entities (not backed by State Government guarantee) and Private Sector
||Loan upto Rs. 50 crore
||Loan above Rs. 50 crore
* Not applicable to AMIF
Procedure followed in the decision making process, including channels of supervision and accountability
- Policies related with the various activities of the department are formulated at Head Office level.
- Sanction of projects for financial assistance is accorded by the Sanctioning Committee, which is a sub-committee of the Board of Directors.
- Post sanction activities including disbursement of loan, monitoring of projects, review of progress, etc., is carried out by the Regional offices.
||Norms set by it for the discharge of its functions
||The functionsare discharged as per the guidelines set by GoI / RBI and as per the rules and regulations of utilization of the funds.
||Rules, regulations, instructions, manuals and records, held by it or under its control or used by its employees for discharging its functions.
||All financial transactions are subject to NABARD Expenditure Rules 2019 and delegation of powers approved by Competent Authority and as per the extant loan policy.
||A statement of the categories of documents that are held by it or under its control
||Documents relating to projects of a given state are kept in the respective Regional Offices, while those related to multistate projects are kept at HO.
||Particulars of any arrangement that exists for consultation with or representation by the members of the public in relation to the formulation of its policy or implementation thereof
||Public opinion is taken into consideration based on feedback received from public during monitoring and evaluation studies. The same is taken into consideration for policy formulation. Further, the considered views and suggestions received from the representatives of public such as Members of Parliament, MLAs, various Committees, stakeholders such as collateral companies, commodity exchanges, warehouse owners, farmers, etc. are duly considered for bringing about refinements in the policies and procedures to the extent feasible and considered necessary in consultation with GoI and RBI.
||A statement of the boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice, and as to whether meetings of those boards, councils, committees and other bodies are open to the public, or the minutes of such meetings are accessible for public
||A directory of its officers and employees
||Directory of its Officers and Employees
||The monthly remuneration received by each of its officers and employees, including the system of compensation as provided in its regulations
||Budget allocated to each of its agency, indicating the particulars of all plans, proposed expenditures and reports on disbursements made
||GoI through budgetary announcement has created two special funds viz. Warehouse Infrastructure Fund during 2013- 14 and 2014- 15 with a corpus of Rs.5000 crore for each year for providing financial assistance to warehousing sector. Food Processing Fund was created during 2014-15 with a corpus of Rs.2000 cr for providing affordable credit to designated food parks notified by MoFPI and food processing units in these designated food parks. The details of corpus, sanctioned amount, disbursements etc., as on 31 December 2022 are as below:
* Out of corpus of Rs.5000, Rs.519 crore was refunded to Commercial Banks
Note: No sanctions yet, in respect of AMIF
|Name of Fund
||Net Corpus Available
WIF 2013- 14
WIF 2014- 15
||Manner of execution of subsidy programmes, including the amounts allocated and the details of beneficiaries of such programmes
||The department is not administering any subsidy schemes. However, the projects
sanctioned under WIF are eligible for subsidy under schemes of GoI subject to
compliance with the respective scheme guidelines.
||Particulars of recipients of concessions, permits or authorisations granted by the organization
||Details in respect of the information available to or held by it, reduced in an electronic form
||All information relating to sanction and release of fund are available and held in soft form.
||Particulars of facilities available to citizens for obtaining information, including the working hours of a library or reading room, if maintained for public use
||The names , designations and other particulars of the Public Information Officers
Information is available on the public domain www.nabard.org at below link
||Such other information as may be prescribed and thereafter update these publications every year