National

Nabard’s support to Haryana up 19% at Rs 6,031 cr in 2013-13

PTI Chandigarh | Updated on March 12, 2018

The National Bank for Agriculture and Rural Development (Nabard) has given a total support, including refinance, of Rs 6,031 crore to Haryana this fiscal, up 19 per cent from Rs 5,091 crore last fiscal.

Out of the total support, an amount of Rs 4,950 crore was extended to cooperative banks and RRBs to meet the short-term credit needs of farmers for carrying out crop production and other activities, Nabard said in a release.

Moreover, Rs 603 crore was provided towards Investment Credit as refinance for capital formation in Agriculture and rural economy covering Farm and Non Farm Sector activities to Commercial Banks, Regional Rural Banks (RRBs) and Cooperative Banks.

In addition to this, an amount of Rs 150 crore was provided as refinance to Haryana State Co-operative Bank (HSCB).

Under Rural Infrastructure Development Fund (RIDF), 39 projects involving loan of Rs 355.58 crore were sanctioned for Haryana during 2012-13.

“This mainly includes 25 rural roads, one rural drinking water project and 13 warehouses,” Nabard CGM (Haryana) K Sayeed Ali said, adding, “Rs 322.38 crore was released to the Government of Haryana for creation of various Rural Infrastructure Development facilities.”

For creation of additional Warehousing facilities in the state, a total loan of Rs 70.74 crore has been sanctioned to Food & Civil Supply Department, Haryana State Warehousing Corporation and Haryana Agro Industries Corporation Ltd. This will create additional storage capacity of approximately 2 lakh tonnes, it said.

Nabard has also taken up an initiative to facilitate entire process of implementation of Core Banking Solution (CBS) in Cooperative Banks. In Haryana, all the DCCBs and the Haryana SCB (HSCB) have joined the CBS project covering around 652 branches, he said.

Published on March 29, 2013

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