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NABARD supports the formation of JLG in project mode for availing micro credit from banks through all its offices across India. The scheme is implemented through good NGO, Farmers Clubs etc. NABARD has published one booklet on success stories of JLGs which is available on its website.
The credit flow to agriculture activities sanctioned by NABARD reached Rs 1,57,480 crore in 2005–2006. [citation needed] Through assistance of the Swiss Agency for Development and Cooperation, NABARD set up the Rural Innovation Fund. The Rural Infrastructure Development Fund (RIDF) is another noted scheme for the bank for rural development. [31]
The other four are Exim Bank Of India, NABARD, NABFID and NHB. They play a statutory role in the financial markets through credit extension and refinancing operation activities and cater to the long-term financing needs of the industrial sector. [4]
The Kisan Credit Card (KCC) scheme is a credit scheme introduced in August 1998 by Indian public sector banks to issue kisan credit card to the farmers of India.This model scheme was prepared by the National Bank for Agriculture and Rural Development (NABARD) on the recommendations of the R. V. Gupta Committee [1] to provide advances for agricultural needs.
AIC was incorporated on 20 December 2002 with an authorized capital of Rs. 1500 crore. The initial paid-up capital was Rs. 200 crores, which was subscribed by the promoting companies, General Insurance Corporation of India GIC (35%), NABARD (30%) and the four public-sector general insurance companies (8.75%) each, viz., National Insurance Co. Ltd., Oriental Insurance Co. Ltd.,
In 2018, NABARD sanctioned 12,773 crore to Maharashtra for 26 projects. [5] The LTIF has identified 99 projects to fund in 18 states. In addition, it funds the Polavaram National Project in Andhra Pradesh and North Koel Reservoir Project in Bihar and Jharkhand. [6]
The Narsimha Rao Committee set up a group headed by J.S. Baijal, the then Secretary, Planning Commission to work out the details, in the light of the guidelines it recommended in its first meeting, regarding retention of CSS, mode of transfer of schemes to State Plans, allocation of outlays for the scheme proposed to be transferred. [2]
Gramin Bhandaran Yojana, or Rural Godown Scheme, is an Indian government initiative to offer subsidies to individuals or organizations which build or repair rural godowns. Introduction [ edit ]