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Goa: NABARD scaling new heights in financial year 2020-21

During FY 2020-21, Goa Regional Office has registered stellar performance both in business areas  and developmental front. Achievement of  Sanction and disbursement under Rural Infrastructure Development Fund (RIDF) were Rs. 344 Crore and Rs. 250 Crore as against a target of Rs. 65 Crore and 150 Crore respectively.

Similarly, under NABARD NIDA (NABARD Infrastructure Development Assistance), RO sanctioned Rs. 64.87 Crore and disbursed Rs. 21.77 Crore. Refinance window for Goa StCB was opened after a gap of almost 25 years with a disbursement of Rs. 20 Crore and Rs. 5.25 Crore under Short Term-Others and Short Term-Seasonal Agricultural Operations, respectively. Besides this, funding under the Long Term Irrigation Fund and Fisheries and Aquaculture Infrastructure Development Fund are in the final stages of sanction. An amount of ₹ 3.8 crore has been released as Central Government grant assistance for Tillari Irrigation Project.

The efforts in the developmental front are quite evident with the presence of rural marts across Goa, support for Geographical tagging of local produce viz. Kunbi weaving, Mankura mango, Bebinca and skill training to rural populace and setting up of Rural Haat, which is in its final stage.

On the institutional development front, the Board of Directors of Goa STCB were trained on Corporate Governance during the year. Govt of Goa has committed to bring in adequate share of funding towards PACS computerization in the State. Besides this, NABARD proactive supervision, dedicated efforts and strategic approach have resulted into Goa StCB improving its financials in terms of profit, CRAR, etc. We acknowledge the active support and involvement from our stakeholder’s particularly State administration and Dr Pramod Sawant, Hon’ble Chief Minister of Goa in taking forward developmental efforts of NABARD in the State.

 

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