The Hindu Business Line : Nabard to launch Kerala-specific farm credit plans

THE National Bank for Agriculture and Rural Development (Nabard) will shortly introduce a series of Kerala-specific projects as part of its `model bankable agricultural projects' initiative. These will be in addition to the project proposals the bank has already introduced under the scheme, Mr B.S. Shekhawat, Chief General Manager, Kerala Regional Office, Nabard, told Business Line.

These model schemes are part of the bank's efforts to increase the flow of credit to the agricultural sector, he pointed out. The idea is to provide farmers and agricultural entrepreneurs with information on viable investment options in agriculture and allied sectors, encourage them to invest in setting up such projects and thereby improve the flow of credit to the sector, Mr Shekhawat explained.

Details of all the model agricultural projects, including the Kerala-specific ones, will be made available to farmers and entrepreneurs through multiple channels including bank branches, offices of the State agriculture department and the 300 farmers clubs across the State.

Nabard is also organising a series of agri-business workshops as part of the effort to create greater awareness about the model agriculture projects, said Mr J.G. Menon, General Manager, Kerala Regional Office, Nabard. While the first such event will be held in Thrissur by the end of the month, similar events will be organised in other locations across Kerala.

Meanwhile, the bank's technical services department has already prepared 29 model bankable agricultural projects from seven areas including minor irrigation, land development, plantation and horticulture, agricultural engineering, forestry and wasteland development, fisheries and animal husbandry.

Examples of specific projects include establishment of bio-pesticide units, mango cultivation, jasmine cultivation, guava cultivation, establishment of cold storage facilities for plantation and horticultural produce, construction of grain godowns, bamboo cultivation, shrimp farming, freshwater prawn culture, dairy farming and milk processing.

Each project proposal has information on the technical aspects of the project, scope of the venture, rationale for the project, indicative economic and financial details and so on.

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