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NABARD chalks out Rs 153 cr plan for distressed districts

The National Bank for Agriculture and Rural Development (NABARD) is coming out with a Rs 153 crore special plan for the 33 distressed districts including a scheme for induction of high yielding milk animals and related activities...

Written by Express News Service | Pune |
February 6, 2009 12:39:04 am

The National Bank for Agriculture and Rural Development (NABARD) is coming out with a Rs 153 crore special plan for the 33 distressed districts including a scheme for induction of high yielding milk animals and related activities,said senior officers from NABARD.

With two new funds,a Financial Inclusion Fund for meeting the cost of developmental and promotional interventions and Financial Inclusion Technology Fund to meet the technology adoption,a corpus of Rs 500 crore is to be made available to each.

Initial contributions would come from the central government,RBI and NABARD,the officers said.

Jalna was selected for the first phase of financial inclusion.

This scheme would now be taken to other 32 districts including Chandrapur,Gadchiroli,Solapur,Gondia,Sindudurg,Raigad,Thane,Nashik and Satara among others.

For the year 2009-10,the state has a total credit linked potential of Rs 29,9998.4 crore for the year 2009-10,up by 14 per cent over the credit potentials estimated at Rs. 26,268 .69 crore for the current year 2008-09.

Projections estimated for agriculture is Rs. 19,291 crore and Rs. 7,470 crore for other priority sectors.

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