1.

Find out:Information about the latest achievements of NABARD.

Answer»

NABARD plays a pivotal role in reducing regional inequality and help small farmers, marginal farmers, and weaker sections of society.

Achievements: 

(i) Refinance – short term loans: 

In the year 2017-18, NABARD sanctioned short-term credit limits of ₹ 55,000 crores for seasonal agricultural operations to financial institutions.

(ii) Refinance – long term loans: 

In the year 2017-18, refinance of ₹ 65,240 crores has been provided to financial institutions to carry forward a wide gamut of activities comprising of farm and non-farm activities. 

(iii) Rural Infrastructure development fund: 

NABARD disbursed ₹ 24,993 crores in RIDF which has now contributed substantially to the rural infrastructure funding.

(iv) Pradhan Mantri Awaas Yojana – Grameen (PMAY-G)

NABARD released ₹ 7,329.43 crores in 2017- 18 to the National Rural Infrastructure Development Agency (NRIDA). Financial assistance was further provided by PMAY-G that planned to provide houses with basic amenities to houseless households by 2022.

(iv) Food Processing Fund: 

To promote the food processing industry the Government of India instituted a special fund in NABARD in the year 2014-15. However, as of 31st March 2018, 11 Mega Food Park Projects, one integrated Food Park Project and three Food Processing Units have been sanctioned.

(v) Watershed Development: 

Watershed Development programmes in 27 states have been sanctioned as of 31st March 2018.

(vi) Tribal Development: 

712 projects have been sanctioned covering ₹ 5.21 lakh tribal families. ₹ 2,121 crores have been provided for their development.



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