All posts tagged: NABARD

NABARD projects ₹4.88 lakh crore priority sector credit for Rajasthan

NABARD projects ₹4.88 lakh crore priority sector credit for Rajasthan

Published by Parlour News

Chief Secretary of the Rajasthan Government V. Srinivas during the NABARD’s State Credit Seminar. Photo: X/@svoruganti1466. The National Bank for Agriculture and Rural Development (NABARD) has projected the priority sector credit potential of ₹4.88 lakh crore for 2026-27 in Rajasthan. The State Focus Paper (SFP), revealing the district-wise realistic potential in both physical and financial terms, was launched in Jaipur on Friday (February 13, 2026). Also Read | NABARD pegs FY27 priority sector credit potential of Telangana at ₹4.43 lakh crore Chief Secretary V. Srinivas highlighted the ₹6.11 lakh crore State Budget outlay while releasing the SFP at the NABARD’s State Credit Seminar. Mr. Srinivas said the NABARD had carried out credit planning with the preparation of SFP for the next financial year to align financial institutions with the State’s development priorities. Mr. Srinivas asked the banks and other stakeholders to work in unison to achieve the projections made in the SFP. “NABARD has played a significant role in strengthening the cooperative movement through computerisation, training programmes and financial support to cooperatives,” he said. NABARD …

Andhra Pradesh cabinet clears 2 new districts, to seek ₹7.3K-cr NABARD loan

Andhra Pradesh cabinet clears 2 new districts, to seek ₹7.3K-cr NABARD loan

Published by Parlour News

The Andhra Pradesh Cabinet, chaired by chief minister N Chandrababu Naidu, on Monday approved the reorganisation of districts in the state, creating two new districts — Markapuram and Polavaram — thereby raising the total number from 26 to 28. ₹7.3K-cr NABARD loan” title=”Andhra Pradesh cabinet clears 2 new districts, to seek ₹7.3K-cr NABARD loan” /> ₹7.3K-cr NABARD loan” title=”Andhra Pradesh cabinet clears 2 new districts, to seek ₹7.3K-cr NABARD loan” />Andhra Pradesh cabinet clears 2 new districts, to seek ₹7.3K-cr NABARD loan Briefing reporters after the Cabinet meeting at the state secretariat, revenue minister Anagani Satyaprasad said the reorganisation involved changes in 17 of the existing 26 districts, covering 25 modifications. “No changes were proposed in Vizianagaram, Parvathipuram Manyam, Visakhapatnam, Eluru, NTR, Krishna, Guntur, Palnadu, and Anantapur districts,” he said. The Cabinet decided to form two new districts — Polavaram, with Rampachodavaram assembly constituency as its headquarters, and Markapuram, comprising the Markapuram, Kanigiri, Yerragondapalem, and Giddaluru blocks. “Polavaram village will be developed as a revenue division in the future,” the minister added. Although a proposal …

Andhra Pradesh cabinet clears 2 new districts, to seek ₹7.3K-cr NABARD loan

Assam cabinet approves ₹115.11 crore NABARD loan for infra push

Published by Parlour News

Guwahati, The Assam Cabinet on Saturday approved raising a ₹115.11 crore loan from NABARD to fast-track infrastructure development and road improvement projects in Karbi Anglong, West Karbi Anglong, North Cachar Hills and Tinsukia districts, Public Health Engineering Minister Jayanta Malla Baruah said. ₹115.11 crore NABARD loan for infra push” title=”Assam cabinet approves ₹115.11 crore NABARD loan for infra push” /> ₹115.11 crore NABARD loan for infra push” title=”Assam cabinet approves ₹115.11 crore NABARD loan for infra push” />Assam cabinet approves ₹115.11 crore NABARD loan for infra push Briefing the media after the cabinet meeting, Baruah said the loan would help accelerate development works in key hill and industrial districts of the state. The cabinet also approved amendments to the Assam Police Manual to allow both armed and unarmed branch personnel to appear for promotion to assistant sub-inspector of police, promoting merit-based advancement and improved policing efficiency. The cabinet also gave its nod to the settlement of 732 proposals for government khas and ceiling surplus land in Kamrup district under Mission Basundhara 3.0, benefitting indigenous and …

GI tag sought for Thoothukudi salt, Authoor Poovan banana and Villiseri lemon with NABARD support

GI tag sought for Thoothukudi salt, Authoor Poovan banana and Villiseri lemon with NABARD support

Published by Parlour News

The producers of Thoothukudi salt, Villiseri lemon and Authoor Poovan banana have sought Geographical Indication (GI) tag, aiming to secure legal recognition for these products and enhance their market visibility. The National Bank for Agriculture and Rural Development (NABARD), Chennai along with NABARD-MABIF (Madurai Agribusiness Incubation Forum) were the facilitators for these three applications. The application for securing tag for salt was filed by Thoothukudi Uppu Urapathiyalargal Sangam. Salt, in this particular region, is produced through the solar evaporation method, in which seawater or sub-soil brine is channelled into large salt pans and allowed to evaporate under intense sunlight. This natural process produces large, white, crystalline salt known for its purity and quality. Thoothukudi accounts for nearly 30% of India’s total salt production, with around 25,000–30,000 acres of salt pans spread across villages such as Vepalodai, Tharuvaikulam, Muttayapuram, and Ottapidaram. Both edible salt and industrial-grade salt are manufactured here and supplied to households, chemical industries, leather processing units, textile dyeing units, and pharmaceutical companies. According to details in the filing, Tamil Sangam literature (like Pattinappaalai …

NABARD pegs credit potential for priority sectors across Telangana at ₹3.86 lakh crore

NABARD pegs credit potential for priority sectors across Telangana at ₹3.86 lakh crore

Published by Parlour News

Telangana Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka launching the NABARD’s State Focus Paper for 2025-26 in Hyderabad on Friday (February 14, 2025). | Photo Credit: Special Arrangement Telangana Deputy Chief Minister Mallu Bhatti Vikramarka has called for a collaborative approach to ensure timely and adequate credit flow to priority sectors as well as to promote financial literacy and digital banking in rural areas besides leveraging National Bank for Agriculture and Rural Development’s (NABARD) expertise for innovative financing models. Credit potential of ₹1.63 lakh crore for agriculture Mr. Bhatti Vikramarka, who is also the Finance Minister, said this at launch of NABARD’s State Focus Paper for 2025-26 that pegs the credit potential for priority sectors across all the 33 districts at ₹3.86 lakh crore, including ₹1.63 lakh crore for agriculture. The roadmap must be actively utilised by banks, financial institutions and policymakers, he said at the programme held in Hyderabad on Friday (February 14, 2025). Challenge faced by rural communities Underscoring the need for all concerned to work together to make Telangana a model …

T.N. Finance Minister releases NABARD’s State Focus Paper 2025-26

T.N. Finance Minister releases NABARD’s State Focus Paper 2025-26

Published by Parlour News

Tamil Nadu Finance Minister Thangam Thennarasu releases the State Focus Paper 2025-26, during the State credit seminar organised by NABARD in Chennai on Tuesday | Photo Credit: S.R. Raghunathan Despite recent natural disasters, Tamil Nadu continues to demonstrate strong resilience with a compounded annual growth rate of 11-12 percent over the past decade, Finance Minister Thangam Thennarasu said in Chennai on Wednesday (February 5, 2025). After releasing the State Focus Paper 2025-26 of National Bank for Agriculture and Rural Development (NABARD) at the State Credit Seminar, he said Tamil Nadu had allocated ₹29,730 crore to agriculture and allied sectors in the 2024-25 Budget. “Agriculture remains vital to our country, yet challenges persist. The Tamil Nadu government has launched several initiatives to support agriculture and rural development,” he said. NABARD has prepared a district-wise Potential Linked Credit Plans for 2025-26, aggregated and published as the State Focus Paper, he said. NABARD has projected, for 2025-26, a priority sector credit potential of around ₹10 lakh crore, with ₹4,34,583 crore allocated for agriculture and allied activities, Mr. Thennarasu …

Deputy CM for continued support of Nabard in State development

Deputy CM for continued support of Nabard in State development

Published by Parlour News

Nabard Telangana region CGM Uday Bhaskar greeting Deputy Chief Minister Bhatti Vikramarka in Hyderabad on Thursday. Deputy Chief Minister Mallu Bhatti Vikramarka has said that the government is looking forward to continued support of National Bank for Agriculture and Rural Development (NABARD) in the development of the State. Assuring all possible cooperation to Nabard, he expressed willingness in further collaboration of the bank with the government. Mr. Bhatti Vikramarka made these comments when Nabard Telangana region Chief General Manager Uday Bhaskar, who took charge, called on him on Thursday. Mr. Uday Bhaskar briefed the Deputy Chief Minister about the various developmental activities and initiatives in the State. Presenting a publication over Nabard’s journey in Telangana, he informed Mr. Bhatti Vikramarka about the interventions of the bank that helped in the development of the State. Published – October 10, 2024 07:26 pm IST Source link

NABARD pegs credit plan estimate for Villupuram at ₹7,357.65 crore

Published by Webster

Villupuram District Collector D. Mohan and officials of NABARD and Indian Bank at the recent launch of the Potential Linked Credit Plan 2023-24 for Villupuram district. | Photo Credit: Special Arrangement The National Bank for Agriculture and Rural Development (NABARD) has pegged the Potential Linked Credit Plan (PLP) for Villupuram district at ₹7,357.65 crore for the year 2023-24. The projected credit potential for the priority sectors of the district for 2023-24 is about 8% more than the previous year’s estimated credit flow potential and is about 15.67% higher than the current year’s Annual Credit Plan (ACP) target. The PLP will be the reference for the preparation of the ACP by Indian Bank, the lead bank of the district, for determining sector-wise lending priorities. District Collector D. Mohan recently released the PLP at a meeting. The Collector, while appreciating the support rendered by the banks, also advised them to strive to achieve the targets fixed by the lead bank against the ground-level credit potential estimated in the PLP. Apart from agriculture sector investments, loans to the …

NABARD Officers’ Association members observe strike over wage anomalies

Published by Webster

Perturbed over alleged anomalies in the wage revision by the Central government, the members of NABARD Officers’ Association (NBOA) observed a day-long strike on Friday, in Chandigarh. Ravinder Singh, secretary of the Association said that the protest was against the anomalies in the wage revision created by an order issued by the Department of Financial Services (DFS), the Ministry of Finance (Government of India). “We were also supported by the retired staff since the wage revision holds implications for the future— for the service as well as retired staff. The officers of NABARD had been on agitation ever since the DFS order was issued on September 14, 2022 followed by the administrative circular on September 21, 2022, to implement the order. After many representations and rounds of dialogues with the officials of DFS over the last two months, there has been no resolution, hence we were left with no other choice but to go on strike,” said Mr. Singh. He said that in the next phase of protest, they planned to stage a march to …