Search Result for : Nabard

The Dollar Business Bureau The Minister of Food Processing Industries Harsimrat Kaur Badal addressed a Joint Press Conference with the organizers of ANUGA - an international business platform for Food Industry to be held in Cologne, Germany. She also signed the Memorandum of Understanding for Participation in the ANUGA (Allgemeine Nahrungs Und Genußmittel Ausstellung- translated into English- General Food and Non essential Provisions Exhibition) Exhibition with Katharina C Hamma, Chief Operating Officer, Koelnmesse GmBH (the Organizers of ANUGA). The Minister said that it was an honour for India to be a co-partner country in such a prestigious international event. “It gives us the opportunity to showcase our strengths and opportunities to an international audience”. The Minister also said that Food Processing Sector ...

PTI The Telangana Government today signed an MoU with NABARD here for a loan of Rs.874 crore to the Horticulture Development Corporation to cover 3.15 lakh acres under Micro Irrigation scheme for 2016-17 and 2017-18. A Government release quoted Agriculture Secretary Parthasarathi as saying agriculture in the state is rain-fed and about 42.82 lakh acres depend on borewells for irrigation. Due to change in climatic conditions, the ground water level is decreasing and it is the need of the hour for the farmer to use micro irrigation, he said. Parthasarathi said the target for the year 2016-17 under the NABARD project is to cover 2.23 lakh acres allotted to all districts in the state.

The Dollar Business Bureau (sourced from PTI)  Government has allowed NABARD to disburse Rs.21,000 crore to cash-starved farmers, helping them sow winter crops like wheat ahead of the sowing season, Economic Affairs Secretary Shaktikanta said today.  The government's demonetisation move, which swept away 86% of currency in circulation, has badly hit farmers leaving them without cash just ahead of the sowing season.  Das said the National Bank for Agriculture and Rural Development (NABARD) will disburse the money to farm cooperatives for onward payments to farmers.  "NABARD, for the facility of agricultural operations in the current rabi season and especially for the benefit of farmers, has sanctioned a special limit of Rs.21,000 crore to district central cooperative banks," he told reporters here.  More than 40% small and ...

The Dollar Business Bureau  The National Bank for Agriculture and Rural Development (NABARD) will be extending a loan of Rs 7000 crore to the Telangana Govt for 11 irrigation projects. The loan is a part of the MoU between the Ministry of Water Resources, River Development and Ganga Rejuvenation and NABARD for providing assistance to 99 irrigation projects in the State. These projects come under the PM Krishi Sinchayee Yojana programme (PMKSY).  The Telangana Minister for Irrigation, T Harish Rao met Central ministers, Nitin Gadkari, Nirmala Sitharaman, Uma Bharti and RadhaMohan and apprised them of the issues related to their ministries in the State. He thanked NABARD and the Central Govt for extending them the loan.  NABARD will raise in phases over Rs 77000 ...

The Dollar Business Bureau The Reserve Bank of India has asked the co-operative banks to “immediately start” monitoring the non-performing assets(NPA) in the Self Help Group segment. They have also stressed on the credit ratings of the same. The RBI had earlier asked the co-operative banks to report the member level data and the credit information relating to SHG and its members. RBI said that the requirement of the information will be implemented in two phases. Phase I will start from 1st of July 2016 and will last for one year. Phase II will be implemented from 1st July 2017 and expects that credit related information will increase during this period. The reporting and the collection of this credit information will be restricted ...

Chief Minister of Uttarakhand, Harish Rawat, has asked the state officials to draft a proposal for acquiring a loan of Rs.500 crore from NABARD (National Bank for Agriculture and Rural Development). The loan is to be taken for developing roads in rural areas and requesting for additional credit for the state’s drinking water supply initiatives. The order for the proposal came right after D N Magar, Chief Managing Director of NABARD visited the Chief Minister, an official release said on Wednesday. NABARD is considered a ‘partner in development’, by the Uttarakhand government. The Chief Minister said that they can work in coordination in building and conserving water reservoirs and in planting trees in order to tackle the impact of climate change. Rawat said ...

The Dollar Business Bureau The Government of India has sanctioned the proposal for setting up of 30 new cold chain proposals with a grant-in-aid of Rs 274.9 crore. The above information was given by Harsimrat Kaur Badal, Minister of Food Processing Industries, who told the media that the aid would attract an investment of Rs 470 crore, reported a PIB release. The minister also stated that, to boost the creation of infrastructure for food processing, the Ministry has, in the last one year, inaugurated two Mega Food Parks - one in Karnataka and another in Fazilka in Punjab. Three more Mega Food Parks are to be inaugurated shortly in West Bengal, Madhya Pradesh and Assam. Government has announced 17 ...

Jayarama Emani | The Dollar Business President of SESI (Solar Energy Society of India), Ajay Prakash Shrivastava, expressed his displeasure over The Ministry of New and Renewable Energy (MNRE) reported move to stop commercial banks from giving loans for installing solar home lighting system under the subsidy scheme since it is burdened with pending subsidy claims. The ‘solar home lighting system’ scheme is a bank loan cum capital subsidy scheme mooted as part of the Jawaharlal Nehru National Solar Mission (JNNSM) that is funded through the National Bank for Agriculture and Rural Development (NABARD) and its branches. Speaking to The Dollar Business, Shrivastava said, “This is really a sad news for Solar Energy Sector especially for the rural areas ...