TNAU Agritech Portal :: Banking & Credit


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Banking & Credit :: NABARD NABARD – Highlights of 2011-12 NABARD recorded high levels of performance in purveying rural credit during 2011-12. The aggregate assets held by NABARD rose to Rs. 1,82,300 crore as on 31 March 2012, an increase of Rs. 23,500 crore compared to the position as on 31 March 2011. Refinance to Banks Refinance assistance provided by NABARD to cooperative banks and regional rural banks (RRBs) during 2011-12 to disburse crop loans to farmers touched an all-time high of Rs. 48,000 crore, registering an increase of Rs. 14,000 crore or 41% growth over the previous year. The investment refinance provided to banks by NABARD during 2011-12 for capital formation in agriculture and allied sectors and for non-farm activities stood at Rs. 15,424 crore, registering an increase of Rs. 1,938 crore or 14 % growth over last year. RIDF to State Governments Another all-time high was achieved by NABARD under Rural Infrastructure Development Fund (RIDF) by disbursing Rs.14,970 crore during 2011-12, which was Rs. 2,900 crore or 24% more than the disbursements made to state governments during 2010-11. Sanctions given by NABARD under the RIDF also increased to Rs. 21,460 crore, which was over Rs.3,000 crore more than the sanctions during the previous year (growth of 17%). These loans are used by State governments to create infrastructure in agriculture and allied sectors including irrigation and power, rural connectivity through rural roads and bridges, health, education, rural drinking water supply, etc. Special Scheme for Warehouse Projects For the first time, a special allocation of Rs.2,000 crore was made to NABARD for warehouse financing under RIDF by the Finance Minister in the Union Budget for 2011-12. NABARD achieved 100 per cent utilization of the fund during the year, by sanctioning warehousing projects to the state governments and private sector agencies through banks. State Governments availed of Rs. 1,240 crore and banks availed of refinance to the extent of Rs. 760 crore. This is expected to create around 9 million metric tonnes of warehousing infrastructure, particularly for storage of food grains in the country. NABARD Infrastructure Development Assistance (NIDA) NIDA is designed to assist State Governments and other State owned organizations/Corporations, both on-budget as well as off-budget funding on flexible terms, outside RIDF, for creation of rural infrastructure. Under this facility during 2011-12, term loans of Rs. 932.97 crore has been sanctioned and Rs. 422.90 crore has been disbursed to various State owned entities. Direct Lending to Cooperative Banks The implementation of Revival Package as per Vaidyanathan Committee recommendations has enabled CCBs to raise financial resources from sources other than the SCB. NABARD has designed a Short Term Multipurpose Credit Product for financing directly to CCBs. Under this line of credit Rs.1,547 crore of loan has been sanctioned to 24 CCBs and 2 SCBs and Rs.937.74 crore has been disbursed during 2011-12. Direct Lending to Producers’ Organisations (POs) During 2011-12, an initiative to support Producers' Organisation through credit and credit-plus activities and also strengthen PACS to provide multi service activities to farmers has been launched by NABARD. During the year Rs.35.49 crore of assistance has been sanctioned and Rs.7.43 crore has been disbursed to enable various type of Producers' Organisations to improve production systems, improve the value chain and strengthen the marketing capabilities. Around 1846 PACS have been promoted/supported as Multi Service Providers directly befitting the farmers/members of PACS. Special Thrust for Eastern India and North East Region NABARD introduced an innovative concessional refinance scheme for banks, to increase productivity in Eastern India. Under this scheme, refinance to the tune of Rs. 129 crore was disbursed during the year. Refinance flow to the North Eastern Region amounted to Rs. 233 crore during 2011-12. NABARD's refinance was utilized by banks to support investments in minor and micro Irrigation, Animal Husbandry, Fisheries, Land development, Plantation & Horticulture, SHGs/ JLGs, Agro Clinic/Agro Business, Agro-Processing, Agri Marketing Infrastructure including cold storage, godowns, market yards, Non Conventional Energy Sources, Rural Non-Farm Sector etc. Subsidy Schemes and Revival Packages implemented by NABARD A 'Revival, Reform and Restructuring Package' of Rs. 3,884 crore for the Handloom Sector to benefit 15,000 Weaver Societies and 3 lakh Weavers across the country was finalized by the GoI, Ministry of Textiles during 2011-12. The GoI has authorized NABARD to implement the same. In addition, the Central Government also nominated NABARD as the channelizing agency for release of margin money and interest subsidy assistance under the Comprehensive Package for the Handloom Sector to all banks during 2011-12. In addition to the above, NABARD has already been implementing 16 subsidy schemes on behalf of the Government of India. During the year 2011-12, an amount of Rs.486.55 crore has been released as subsidy to various banks on behalf of the beneficiaries. The subsidy schemes cover sectors like animal husbandry and poultry development including Poultry Venture Capital Fund & Mother Units for Rural Backyard Poultry., Cold Storages, Rural Godowns, and Solar lighting & Photo voltaic cells schemes. More

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