‘NABARD contributes to the rural development of Odisha’

NABARD has made coherent efforts, initiatives and contributions to rural development and has provided constant support and development of rural sectors in Odisha, said Senior Guest Governor Professor Ganeshi Lal on the 40th day of the foundation of the National Bank of Agriculture and Rural Development (NABARD) Regional office here Tuesday

Lal said that NABARD, through its initiatives such as the Rural Infrastructure Development Fund (RIDF), the Long Term Irrigation Fund (LTIF), the Watershed Development Fund (WDF), the liaison between self-help groups and banks (SHG-BLP) and others, complements development initiatives. central government and state. He commended NABARD for its efforts to provide funds to those who have not been funded.

He also appreciated the role of NABARD in providing jobs for women through the formation of self-help groups (SHG). He stressed that sincere and unremitting efforts are needed for the growth of the livestock, fishing, horticultural and sunrise industries.

He expressed his concerns about the increasing levels of pollution and the abuse of natural resources which are vital for life and life. “The contamination of our agricultural lands by the massive use of chemical fertilizers and pesticides must be reduced and environmentally friendly agriculture must be encouraged,” said the governor. The governor pointed out that in the coming years; NABARD needs to step up its efforts, in particular towards new age skills development initiatives that provide jobs for rural youth. NABARD Chief Executive Officer C Udayabhaskar thanked stakeholders for the excellent cooperation and support which resulted in NABARD’s fabulous performance in the state. NABARD has been a major partner of the Odisha government in its development efforts such as farmer welfare, women empowerment, rural infrastructure construction, tribal development, watershed development and OPF .

NABARD’s financial support to Odisha state government, banks and corporations touched Rs. 22,709 crore in 20-21. He indicated that the referral zones for 21-22 undertake projects on income-generating activities beyond paddy cultivation, FPOs, development of successful SHG women micro-entrepreneurs, doubling of bank credit to SHGs , new FPOs on activities such as goat farm, fishing, apiary and bamboo-based livelihoods, Bhaskar said.

Massive bamboo projects across Odisha are proposed to provide livelihoods for the poor and to combat climate change. About 3,000 SHG women would be trained to set up Grameendukhan for marketing facilities. Emphasis will also be placed on the establishment of non-agricultural producer organizations (OFPO) in the fields of looms and crafts, in addition to training rural youth on skills development to get them properly employed. , said CGM. Development Commissioner PK Jena appreciated the efforts of NABARD for the record sanction for infrastructure projects under RIDF in Odisha.

He highlighted NABARD’s contribution to credit and technical support leading to systematic fiscal consolidation and increased capital spending. He pointed out that rural connectivity has been fostered by the construction of bridges and roads under the RIDF.

In addition, additional support for irrigation, WADI, watershed development, credit to the MSME sector, women self-help groups, capital grants, support to agro-entrepreneurs and marketing have boosted the state’s economic growth. He also explained the active role of NABARD in the promotion of agricultural producers’ organizations.

Finance Secretary AKK Meena appreciated NABARD’s efforts to provide support to banks to increase the flow of core credit in the state. He urged all stakeholders to redouble their efforts and work together to achieve the priority sector credit disbursement target of Rs 1.10 lakh crore during the current fiscal year.

Among others, the commissioner and secretary of Mission Shakti, Sujatha Kartikeyan, the regional director of RBI HN Panda, the SLBC coordinator A Jena, senior bank officials, district collectors, district heads, development managers of NABARD district, bankers and progressive farmers were present.

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