Producers Organisation Development Fund (PODF)
NABARD has taken an initiative for supporting producer organizations, adopting a flexible approach to meet the needs of producers. In order to give a special focus, the “Producers Organization Development Fund” (PODF) has been set up w.e.f. 01 April 2011, with an initial corpus of Rs. 50 crore.
Any registered Producers Organization viz, Producers Company (as defined under Sec 581 A in part IXA of Company’s Act 1956), Producers Cooperatives, registered Farmer Federations, MACS (Mutually aided cooperative society), industrial cooperative societies, other registered federations, PACS, etc. set up by producers are eligible under the fund. Support under PODF is provided as under:
Tribal Development Programmme
- Credit Support is provided for financial intervention. Support in the form of grant, loans, or a combination of these is also available for capacity building & market interventions.
- Since most of the Producers Organisations are having low capital base, scope for NABARD's intervention under PODF has been enhanced to support Producers Organisations for contribution to share capital.
NABARD has been closely associated with tribal development and sustainable livelihoods through orchard based farming systems. As an integral component of NABARD’s Natural Resource Management (NRM) policy of providing sustainable livelihoods, NABARD laid special emphasis on providing support for holistic development of tribal communities with orchard establishment as the core element.
Based on the successful experience of Adivasi Development Programmes, NABARD embarked upon an ambitious program of replicating the wadi model across the country. In this direction, NABARD created a Tribal Development Fund (TDF) with a corpus of Rs. 50 crore, out of its profits for 2003-04. The corpus was augmented from time to time. All projects under TDF are implemented by partnering with State Governments, Government of India, NGOs and Corporates.
Watershed Development Programme
The Union Finance Minister, in his budget speech for 1999-2000, had announced the creation of a Watershed Development Fund (WDF) in National Bank for Agriculture and Rural Development (NABARD) with broad objectives of unification of multiplicity of watershed development programmes into a single national initiative through involvement of village level institutions and PFAs.
In pursuance thereof, WDF has been created in NABARD with a contribution of Rs. 100 crore each by Ministry of Agriculture, Government of India (GoI) and NABARD.
Climate Change Adaptation and Mitigation
- Policy framework for Natural Resources Management and & climate change adaptation and mitigation
- Functional role as National Implementation Entity (NIE) for Adaptation Fund through Adaptation Fund Board (AFB) for Climate Change Adaptation (CCA) Projects including guiding the Executing Entities (EEs) in designing & submission of CCA projects
- Implementation & monitoring of projects approved by AFB
- Training and capacity building of stakeholders
- Collaboration with other agencies (national and international) like Ministry of Environment and Forests (MoEF, GoI), Global Environment Fund (GEF), Green Climate Fund / for accreditation and all other issues concerning CCA
- Upscaling of Climate change adaptation and monitoring and pilot projects on climate proofing of watershed projects under WDF