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Find out:Information about the latest achievements of NABARD. |
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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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