NABARD celebrates 44th foundation day, reaffirms commitment to rural development
In his welcome address, NABARD General Manager (GM) K.V.S. Prasad underlined the institution's commitment to its developmental mandate and stakeholder partnerships. NABARD A.P. Chief GM M.R. Gopal presented the achievements of the regional office during financial year 2024–25.
He highlighted that NABARD A.P. disbursed a total of ₹42,842 crore in loans and ₹31.83 crore in grants, supporting critical infrastructure and institutional development. With the inauguration of new district development manager (DDM) offices in East Godavari, West Godavari, and Nandyal, NABARD's grassroots reach has expanded in the State. He underscored the credit flow of ₹29,827 crore in refinance to rural financial institutions.
Commissioner of Cooperation and Registrar of Cooperative Societies, Babu A., commended NABARD's contribution to the modernisation and digitisation of the cooperative credit structure in Andhra Pradesh. He acknowledged NABARD's continuous support in building institutional capacities and emphasised the need for further convergence to achieve financial inclusion and cooperative strengthening across all 26 districts.
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Time of India
4 days ago
- Time of India
NABARD disburses Rs 43,000 cr to Andhra Pradesh, expands grassroots reach
NABARD disbursed nearly Rs 43,000 crore in loans and around Rs 32 crore in grants to Andhra Pradesh in FY25, its chief general manager M R Gopal said on Monday. Speaking at The National Bank for Agriculture and Rural Development's 44th Foundation Day celebrations in Vijayawada, Gopal said the bank made significant progress in supporting rural infrastructure, institutional development, and credit expansion across the state. Explore courses from Top Institutes in Select a Course Category PGDM Data Science Design Thinking Others MBA Data Science Product Management Cybersecurity Artificial Intelligence CXO healthcare Digital Marketing Operations Management Management Healthcare MCA Public Policy Degree Data Analytics others Technology Project Management Leadership Finance Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details "In FY25, NABARD disbursed Rs 42,842 crore in loans and Rs 31.83 crore in grants, and inaugurated district development manager offices in three districts," he said. The launch of new offices in East and West Godavari and Nandyal districts has expanded NABARD's grassroots reach in the state, he added. Gopal also noted that credit flow of over Rs 29,000 crore was achieved through refinance to rural financial institutions. Live Events He highlighted the progress in computerising Primary Cooperative Societies (PCS), calling it a "benchmark for the nation." He also acknowledged the support of the RBI, the State Level Bankers' Committee, and the Andhra Pradesh Grameena Bank in the digital transformation. Commissioner of cooperation and registrar of cooperative societies A Babu lauded NABARD's role in modernising and digitising the cooperative credit structure. He emphasised the need for greater convergence to achieve financial inclusion and strengthen cooperatives across all 26 districts. RBI regional director A O Basheer also appreciated NABARD's efforts in strengthening the cooperative banking framework and enhancing financial stability in rural Andhra Pradesh.
News18
4 days ago
- News18
NABARD disburses Rs 43,000 cr to Andhra, expands grassroots reach
Agency: Last Updated: July 21, 2025, 21:15 IST Representational image (Image: News18) Vijayawada, Jul 21 (PTI) NABARD disbursed nearly Rs 43,000 crore in loans and around Rs 32 crore in grants to Andhra Pradesh in FY25, its chief general manager M R Gopal said on Monday. Speaking at The National Bank for Agriculture and Rural Development's 44th Foundation Day celebrations in Vijayawada, Gopal said the bank made significant progress in supporting rural infrastructure, institutional development, and credit expansion across the state. 'In FY25, NABARD disbursed Rs 42,842 crore in loans and Rs 31.83 crore in grants, and inaugurated district development manager offices in three districts," he said. The launch of new offices in East and West Godavari and Nandyal districts has expanded NABARD's grassroots reach in the state, he added. Gopal also noted that credit flow of over Rs 29,000 crore was achieved through refinance to rural financial institutions. He highlighted the progress in computerising Primary Cooperative Societies (PCS), calling it a 'benchmark for the nation." He also acknowledged the support of the RBI, the State Level Bankers' Committee, and the Andhra Pradesh Grameena Bank in the digital transformation. Swipe Left For Next Video View all Commissioner of cooperation and registrar of cooperative societies A Babu lauded NABARD's role in modernising and digitising the cooperative credit structure. He emphasised the need for greater convergence to achieve financial inclusion and strengthen cooperatives across all 26 districts. RBI regional director A O Basheer also appreciated NABARD's efforts in strengthening the cooperative banking framework and enhancing financial stability in rural Andhra Pradesh. PTI MS STH SSK (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments News agency-feeds NABARD disburses Rs 43,000 cr to Andhra, expands grassroots reach Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Hindu
4 days ago
- The Hindu
NABARD celebrates 44th foundation day, reaffirms commitment to rural development
The National Bank for Agriculture and Rural Development (NABARD) marked its 44th Foundation Day here on Monday, reaffirming its commitment to sustainable and inclusive rural development. A short documentary titled 'Roots of Change' and publications such as 'NIDHI' were released during the event. It also featured exhibitions by FPOs and artisans and recognised exemplary PACS and DCCBs. In his welcome address, NABARD General Manager (GM) K.V.S. Prasad underlined the institution's commitment to its developmental mandate and stakeholder partnerships. NABARD A.P. Chief GM M.R. Gopal presented the achievements of the regional office during financial year 2024–25. He highlighted that NABARD A.P. disbursed a total of ₹42,842 crore in loans and ₹31.83 crore in grants, supporting critical infrastructure and institutional development. With the inauguration of new district development manager (DDM) offices in East Godavari, West Godavari, and Nandyal, NABARD's grassroots reach has expanded in the State. He underscored the credit flow of ₹29,827 crore in refinance to rural financial institutions. Commissioner of Cooperation and Registrar of Cooperative Societies, Babu A., commended NABARD's contribution to the modernisation and digitisation of the cooperative credit structure in Andhra Pradesh. He acknowledged NABARD's continuous support in building institutional capacities and emphasised the need for further convergence to achieve financial inclusion and cooperative strengthening across all 26 districts.
