TNAU Agritech Portal :: Banking & Credit


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Banking & Credit :: NABARD :: Highlights NABARD – Highlights of 2012-13 NABARD recorded high levels of performance in purveying rural credit during 2012-13. The aggregate assets held by NABARD rose to `2,13,170 crore as on 31 March 2013, an increase of `30,700 crore (17 %) compared to the position as on 31 March 2012. Refinance to Banks Refinance assistance provided by NABARD to cooperative banks, regional rural banks (RRBs) and commercial banks during 2012-13 to disburse crop loans to farmers touched an all-time high of `66,095 crore, registering an increase of 36 per cent over the previous year. The investment refinance provided to banks by NABARD during 2012-13 for capital formation in agriculture and allied sectors and for non-farm activities stood at `17,674.29 crore, registering an increase of 15 per cent growth over last year. RIDF to State Governments Another all-time high was achieved by NABARD under Rural Infrastructure Development Fund (RIDF) by disbursing `16,292.26 crore during 2012-13, which was 8 per cent more than the disbursements made to state governments during 2011-12. Sanctions given by NABARD under the RIDF-XVIII was `20,588.34 crore. These loans are used by State governments to create infrastructure in agriculture and allied sectors including irrigation and power, rural connectivity through rural roads and bridges, health, education, rural drinking water supply, etc. Special Scheme for Warehouse Projects Under RIDF-XVIII, `5,000 crore was exclusively dedicated for creation of warehousing facilities in different states. The sanctions under warehousing projects amounted to `2141 crore. NABARD Infrastructure Development Assistance (NIDA) NIDA is designed to assist State Governments and other State owned organizations/Corporations, both on-budget as well as off-budget funding on flexible terms, outside RIDF, for creation of rural infrastructure. Under this facility during 2012-13, term loans of `2818.46 crore has been sanctioned and `859.70 crore has been disbursed to various State owned entities. Direct Lending to Cooperative Banks The implementation of Revival Package as per Vaidyanathan Committee recommendations has enabled CCBs to raise financial resources from sources other than the SCB. NABARD has designed a Short Term Multipurpose Credit Product for financing directly to CCBs. Under this line of credit `3,385 crore of loan has been sanctioned to 42 CCBs and 3 StCBs and `2,363.45 crore has been disbursed during 2012-13. Direct Lending to Producers’ Organisations (POs) During 2012-13, the initiative to support Producers’ Organisation through credit and credit-plus activities and also strengthen PACS to provide multi service activities to farmers was continued by NABARD. During the year `55.95 crore of assistance has been sanctioned and `29.18 crore has been disbursed to enable various type of Producers’ Organisations to improve production systems, improve the value chain and strengthen the marketing capabilities. Subsidy Schemes and Revival Packages implemented by NABARD NABARD continued to implement the Revival, Reform and Restructuring Package' of `3,884 crore for the Handloom Sector to benefit Weavers across the country. In addition, the Central Government also nominated NABARD as the channelizing agency for release of margin money and interest subsidy assistance under the Comprehensive Package for the Handloom Sector to all banks. In addition to the above, NABARD has already been implementing a number of subsidy schemes on behalf of the Government of India. During the year 2012-13, an amount of `693.78 crore has been released as subsidy to various banks on behalf of the beneficiaries. The subsidy schemes cover sectors like animal husbandry and poultry development including Poultry Venture Capital Fund & Mother Units for Rural Backyard Poultry., Cold Storages, Rural Godowns, and Solar lighting & Photo voltaic cells schemes. More

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