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Tamil Nadu: CS appreciates NABARD’s contribution of Rs.27,135 Cr for state develop

Dr. V. Irai Anbu, Chief Secretary, Govt. of Tamil Nadu, in his virtual address on the 40th Foundation day of National Bank for Agriculture and Rural Development (NABARD) appreciated NABARD’s contribution of Rs.27,135 crore in FY ’21 and expressed happiness over commitment of Rs.40,000 crore during the current year.

Shri. Hansraj Verma, IAS, CMD, Tamil Nadu Industrial Investment Corporation (TIIC) stated that need of the hour was creating employment opportunities and convergence among various stakeholders.

Shri S Selvaraj, Chief General Manager, NABARD, Tamil Nadu Regional Office stated that NABARD has diversified its activities  and has substantially enhanced infrastructure assistance under Rural Infrastructural Development Fund and NABARD Infrastructure Development Assistance for strengthening rural infrastructure in the State.

Various milestones achieved by NABARD over 4 decades, with specific focus on farmers, increasing bank credit, and strengthening rural infrastructure was highlighted in the presentation made.

Shri. Suman Ray, Chief General Manager, Reserve Bank of India highlighted the impact of NABARD’s DDMs at the district level.

On the 40th Foundation Day the following banks were awarded for their performance – State Bank of India, Indian Bank, Tamil Nadu Grama Bank, Puduvai Bharathiyar Grama Bank, Tamil Nadu State Apex Cooperative Bank, Erode Dist. Central Cooperative Bank and Pudukottai Dist. Central Cooperative Bank.

A Memorandum of Agreement was signed between NABARD and Indian Bank for collaboration for  inclusive growth, in the presence of Shri. Imran Amin Siddiqui, Executive Director, Indian Bank. He highlighted the contribution of the Indian Bank in the development of the State.

A banking plan on the seaweed farming prepared by NABARD was released on the occasion.

The programme was attended by senior government officials, Shri. P Palanisamy, Chief General Manager, Canara Bank, Shri. Bhuwan Chandra Sharma, General Manager, Indian Overseas Bank and executives of other banks. In the virtual mode, farmers, SHG members, FPOs, NGOs and district level officials joined the programme.



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