Latest news with #44thFoundationDay
Time of India
a day ago
- Business
- 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
a day ago
- Business
- 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
a day ago
- Business
- 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.
New Indian Express
4 days ago
- Business
- New Indian Express
Declining agri share in GDP may weaken Tamil Nadu's social fabric: PTR
CHENNAI: IT and Digital Services Minister Dr Palanivel Thiaga Rajan on Thursday acknowledged the declining share of agriculture in the state's GDP - driven in part by the rapid growth of electronics manufacturing - but cautioned that unchecked structural imbalances in the rural economy could weaken the social fabric. 'It is vital to the health of society that small and medium-sized farm organisations, especially in the plains and hill regions, receive targeted support to survive and grow,' he said, while speaking at the 44th Foundation Day of National Bank for Agriculture and Rural Development's (NABARD) Tamil Nadu Regional Office. 'A vibrant middle - whether in class or enterprise - is the hallmark of a stable democracy. Without it, stratification leads to disparity,' he said. His comments come as the state doubles down on its push to become a $1 trillion economy, with rural infrastructure, digital agriculture, and climate resilience seen as critical enablers. The minister urged NABARD to deepen its role in facilitating inclusive growth through innovation in agri-finance and institutional capacity-building. He released the Indicative Unit Cost booklet for FY2025-26, a key reference tool for banks to assess long-term farm loan requirements, and launched NABTRACE, a mobile application designed to enable traceability in agricultural commodity supply chains. He also commended NABARD's contributions to the rural economy through special funds such as RIDF and NIDA, and its support for computerising all Primary Agricultural Credit Societies (PACS) in the state.
The Hindu
4 days ago
- Business
- The Hindu
Focus must be on climate resilience for benefit of farmers, fishermen, says Soumya Swaminathan
Soumya Swaminathan, Chairperson, MS Swaminathan Research Foundation (MSSRF), said the creation of the National Bank for Agriculture and Rural Development (NABARD) was a visionary step, and over the last 44 years, it has made some considerable accomplishments. Speaking at the 44th Foundation Day celebrations of NABARD, she said both the MSSRF and NABARD were coming together for the 'Climate Smart Village' project. 'Weather fluctuations due to climate change are here to stay. So, we have to focus on climate resilience, especially for [the benefit of] farmers and fishermen. We have just started a programme called Climate Smart Village in Nagapattinam and Mayiladuthurai. We look at how to optimally use natural resources and how to plan for the future,' she added. Minister for Information Technology and Digital Services Palanivel Thiaga Rajan said agriculture's share in Tamil Nadu's Gross Domestic Product has been decreasing, particularly, as there had been a surge in electronics goods manufacturing over the last few years. 'It is vital for the health of society that the right kind of support is provided at all levels of the farming spectrum, across the plains and hills, to enable small and medium farm organisations to thrive,' he added. R. Anand, Chief General Manager of NABARD Tamil Nadu Regional Office, said over ₹50,000 crore of funds had been disbursed in Tamil Nadu in the financial year 2024-25 for building infrastructure and agricultural refinance. He noted that this was the highest quantum of funds disbursed by NABARD to any State in the country. V. Srinivasan, General Manager, Reserve Bank of India, and P.S, Harikrishnaraj, General Manager, NABARD, Tamil Nadu Regional Office, also spoke.
