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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.
Hans India
11-07-2025
- Business
- Hans India
BoB unveils dedicated agriculture branch
Vijayawada: Bank of Baroda on Thursday inaugurated a specialised CAMP (Centre for Agriculture Marketing and Processing) branch here. Located within the premises of its Vijayawada Main Branch, this new dedicated facility aims at bolstering support for the agricultural sector in the region. Chief General Manager, NABARD–AP MR Gopal was the chief guest and Ritesh Kumar, General Manager & Zonal Head, Bank of Baroda, and Anupam Srivastava, Deputy General Manager & Regional Head, Vijayawada also participated. A key highlight of the inauguration was the symbolic handover of sanction letters totalling Rs 22.27 lakh to farmers by the NABARD CGM. These sanctions included Rs 4.90 lakh under the Agri Infrastructure Fund for a Drone Package, Rs 10.30 lakh for a four-wheeler loan for farmers, and Rs 7.07 lakh for a tractor loan. Speaking on the occasion, Gopal commended Bank of Baroda's initiative in launching this agriculture-focused branch.
