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AP: Nabard celebrates its 40th Foundation Day

The National Bank for Agriculture and Rural Development (NABARD) celebrated its 40th  Foundation Day recently at Vijayawada.

Dr.(Smt.)Poonam Malakondaiah, Special Chief Secretary, Agriculture, Sericulture &Horticulture, was the Chief Guest on the occasion. In her address, while congratulating NABARD for its proactive role in fostering rural prosperity, she acknowledged the various challenges facing the agrarian sector and shed light upon the roadmap for achieving sustained growth in farm incomes and reducing the vulnerability of farmers.  Two Booklets on Annual Performance of Andhra Pradesh 2020-21 and NABARD initiatives in 04 districts of Andhra Pradesh were released.

Smt.A R Anuradha, IPS, Principal Secretary, WCD & SC Department expressed her gratitude towards the support for Anganwadi Centres by NABARD under RIDF.

Shri A Babu, IAS, Commissioner, Cooperation and RCS, had acknowledged the various changes that were possible due to the timely interventions of NABARD in both supervising and policy making roles. He had also lauded NABARD for its FINANCIAL INCLUSION activities in rural areas of the district.

Shri Arun Kumar, IAS, Commissioner Agriculture, In his address, while congratulating NABARD for its proactive role in fostering rural prosperity, he acknowledged the various challenges facing the agrarian sector and shed light upon the roadmap for achieving sustained growth in farm incomes and reducing the vulnerability of farmers, he has also acknowledged the financial support rendered by NABARD to the university under RIDF.

Shri T Janakiram, Vice-Chancellor, Horticulture University, has acknowledged the financial support rendered by NABARD to the university under RIDF. He had also lauded the works of NABARD in rural and urban areas, particularly in Horticulture sector.

Shri Sudhir Kumar Jannawar, Chief General Manager of NABARD’s AP Regional Office, while addressing the gathering, highlighted that NABARD after 4 decades of serving rural india, not only its balanace sheet has grown from ₹4500 crore to ₹6.5 lakh crore but also has evolved into a learning and knowledge based organisation.

Midle of the post

NABARD contributed to rural infrastructure creation in Andhra Pradesh with financial support of ₹ 2,684   crore,  credit facility of ₹ 7,472 crore for procurement operations, extended refinance support to the tune of ₹22,065 crore to Cooperative Banks and Regional Rural Banks and provided impetus to various developmental and promotional initiatives such as financing FPOs.

To meet the liquidity needs of the RRBs and Cooperative Banks in the wake of COVID-19 pandemic, Rs 2500 crore was released under the Special Liquidity Facility, he said.

Shri Jannawar, indicated that the State of Andhra Pradesh has always been a happening state.  He thanked the Government of Andhra Pradesh for enabling NABARD to support infrastructure projects in the Fisheries Sector.  Shri Jannawar pledged NABARD’s continued support for holistic development of Andhra Pradesh, especially in the wake of COVID-19 pandemic.

Shri Jannawar also indicated that in order to strengthen the banking network and to promote inclusive banking, NABARD will continue to support financial inclusion initiatives in the State such as conducting financial and digital literacy camps, conducting street plays on financial literacy, supporting mobile demonstration vans-cum-micro-ATMs for doorstep banking.

Shri V Bhramananda Reddy, SLBC, Field General Manager & Convenor, expressed his happiness for NABARD playing a key role in policy making for SHG, JLG formations, Watersheds, FPOs, TDF, which inturn brought smile on the faces of downtrodden populae. This credit facility to SHG and JLG is now playing a key role in the credit portfolios of many banks.

Shri B Udaya Bhaskar, GM, NABARD extended a warm welcome to the guests and indicated that the foundation day is an occasion for all in NABARD and other partners to channelise our efforts and interventions to NABARD’s vision of fostering rural prosperity

Senior officials from various Commercial Banks, Regional Rural Banks, Cooperative Banks, a few NGOs and FPOs attended the programme.

Shri B Ramesh Babu, DGM, NABARD acknowledged the important role played by all stakeholders, i.e. Government, Banks, NGOs in rural India’s vibrant growth story. As a recognition of their exemplary work in agriculture and rural development  Banks, NGOs, FPOs, rural innovators and farmers practising high-tech agriculture were felicitated on the auspicious occasion.

 

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