In Madurai district, 114 rural godowns have come up under Nabard lending during the last two years, said K Palanivelu, Regional Joint Director of Co-operatives.
Inaugurating a regional workshop here, he said that during the last three years, the bank has lent under RIDF, over ₹250 crore to the State Government for construction of over 2000 rural godowns in various primary agriculture co-operative credit societies, giving a facelift to grassroot-level credit institutions.
He said farmers who moved away from the co-operative sector, are coming backand the Department was intent on getting accreditation of these godowns.
R Shankar Narayan, AGM, Nabard, Madurai, urged the officials to understand the nuances of project preparation of critical infrastructure projects to facilitate lending under the RIDF window.
More Like This
Published on February 26, 2014
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.