NATIONAL BANK FOR AGRICULTURAL  & RURAL DEVELOPEMENT(NABARD)

Credit & Finance

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Introduction

Date of Opening : 14th Oct'1996

NABARD being an Apex Development Bank promotes agriculture and rural development through refinance support to all banks for investment credit and to Co-operatives and RRBs for production credit.  The objective of providing refinance to eligible institutions is to supplement their resources for delivering credit for agriculture,cottage & village industries, SSIs , rural artisans, etc., thus influencing the quantum of lending in consonance with the policy of Govt. of India.  It directs the policy, planning and operational aspects in the field of credit for agriculture and integrated rural development .

Besides the refinancing activity it discharges the developmental functions which are as under :

• It co-ordinates the operations of rural credit institutions
• It ensures institution building to improve absorptive capacity of credit delivery system.
• It develops expertise to deal with agriculture and rural problems
• It assists Govt.,RBI & other institutions in rural development
• It provides facilities for training,research and dissemination of information in rural banking
• It assists State Govt. to enble them to contribute to the share capital of eligible institutions
• Under Rural Infrastructure Development fund, NABARD extends financial assistance to State Govts. for completion of various incomplete rural projects such as Irrigation,Rural Bridges & Roads and new projects also
• It undertakes inspection of Co-operative Banks and RRBs as a part of regulatory function.

The function of District Development Office in Brief

The basic functions of district development office is planning,monitoring and co-ordination.

• The Potential Linked Credit Plan (PLP) prepared by us have been used as reference by the credit planning agency.
• The monitoring of service area approach was assigned to NABARD by RBI as it was considered advantageous to have a single rural agency to plan, co-ordinate and monitor the credit programmes of banks. We are also monitoring RIDF projects sanctioned to various NGOs, CDF assistance to Mini Banks, SHF formation and linkages.  We also monitor the refinance uptake in the district
• The district office of NABARD will be the principal agency for co-ordinating agriculture and rural development activities of various credit agencies as also liaisoning with the development departments of State Govt.
• Collection of vital informations.
• Member of various district level standing committees and other committees related to agriculture and rural development
• Member of DLCC,DLRC,BLBC,etc.
• Associate with the inspections of Cooperative banks and RRBs in the district.

Ground Level Credit Information : The ground level credit flow during last five years were as under :

NABARD  Refinance

RIDF : Uder RIDF NABARD had assisted Rs.1000.00 lakhs for expansion of 49 LIPs in the district during 1995-96 . In 1996-97 NABARD had sanctioned Rs.168.00 lakhs for construction of Batari Minor Irrigation Project which has been completed.

Promotional Projects : We have sanctioned Rs.15.00 lakhs to Samanwita Grama Unnayan Samit for Training-cum- Production centre and promotion of SHG along with other projects. Two promotional projects under ARWIND scheme were sanctioned to two NGOs for imparting training to tribal women for applique and artistic bamboo crafts.

Training : We are organising  various training programmes/workshops on SHG,NFS, VVV,Minor irrigation, Gender Sansitisation Programme, etc. at district level.

Model Projects and Unit Cost : We prepare various model projects and finalise the unit cost of various activities under farm sector.

SHG : At present 37 SHGs are linked to banks for credit. Recently NABARD had decided to extend Revolving Fund Assistance to NGOs for on-lending to SHGs.

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