Take a fresh look at your lifestyle.

AP: NABARD is moving ahead with its unprecedented contribution to develop of “The Sunrise State” : Disburses र 39,708 Cr (21% growth)

The Andhra Pradesh Regional Office (AP RO) of NABARD, which has been an important partner in the development of the State of Andhra Pradesh, continued its unceasing efforts aimed at the socio-economic development of the state of Andhra Pradesh through several business, promotional, institutional development and policy interventions during FY 2021-22.

During the year 2021-22;

Loans disbursed by NABARD, AP Office reached an all-time high of ₹39,708 crore, as compared to ₹32,844 crore from previous year – a growth of 21%.

Grant disbursed by NABARD, AP Officeto the tune of ₹35.05 crore to various NGOs, banks, institutions and other agencies for undertaking development and promotional activities in the State.

Term Loan to Government of Andhra Pradesh for contributions to share capital of Co-operative Credit Institutions (CCIs)

Term loan of ₹295 crore was released to Government of Andhra Pradesh towards the reimbursement of their share capital contribution of ₹100 crore to Andhra Pradesh State Co-operative Bank Ltd. (APStCB) and ₹195 crore to 9 DCCBs – Vizianagaram, Visakhapatnam, Srikakulam, Prakasam, Nellore, Chittoor, Kadapa, Kurnool and Anantapur. This will help increase the maximum borrowing power of the CCIs, thereby enabling these Banks to expand their rural credit activities.

Refinance to Rural Financial Institutions

₹26,282.91 crore was extended as refinance to the banks for short term and long-term activities in farm and non-farm sectors. This includes the Special Liquidity support of ₹2,700 crore provided to Regional Rural Banks (RRBs) and Rural Cooperative Banks (RCBs) during the COVID-19 pandemic. NABARD has also extended Direct Refinance Assistance of ₹ 666 cr to the Andhra Pradesh State Cooperative Bank for on lending to the individual borrowers.

Under its Special Refinance Scheme aimed to enhanced credit flow to certain areas viz., in watershed and Maa Thota areas, promotion of WASH (Water, Sanitation & Hygiene) activities and support for micro food processing units, NABARD has provided concessional refinance of ₹381 crore to the eligible institutions.

Support to State Government for Infrastructure Development

NABARD has sanctioned ₹2765.89 crore under RIDF XXVII towards the construction of additional classrooms in 1553 Government high schools, construction of 3 Medical Colleges-cum-Hospitals, establishment of 5 Multi-Specialty Hospital in ITDA area upgradation of 4 Rural Roads and 2 high-level bridges across Krishna River with the financial assistance of ₹124.67 crore. During the year, NABARD has also released ₹1650.52 crore towards ongoing RIDF projects.

Besides, NABARD disbursed ₹260 crore during the FY 2021-22 aggregating ₹ 668 cr to AP Road Development Corporation (APRDC) against the sanction of ₹ 1158.53 cr for widening and strengthening of 233 rural roads. NABARD continued its support to the Chintalapudi lift irrigation project in West Godavari and Krishna districts and so far disbursed ₹1494 crore under NIDA against the sanctioned amount of ₹1,931 crore.

Support to Federations for Procurement and Marketing

NABARD has supported AP State Civil Supplies Corporation Ltd.(APSCSCL) for procurement operations during kharif marketing season (KMS)2020-21 with sanction of ₹6581.60 crore for working capital requirements.

Atmanirbhar Bharat – Transformation of  PACS as Multi Service Centres (MSC)

NABARD has sanctioned ₹1661.16 crore with a refinance of ₹1495.04 crore to APStCB for establishment of Multipurpose post-harvest infrastructure facilities by 1305 PACS in convergence with Rythu Bharosa Scheme of GoAP and Agricultural Infrastructure Fund of GoI. The major activity sanctioned under the scheme is construction of Rural Godowns for creation of additional storage capacity of 21.93 Lakh MT at PACS level. Other activities sanctioned include drying yards, cold rooms, procurement centers, assaying units, horticulture collection centers, cleaners & de-stoners, paddy driers and thresher.

Towards an Ecosystem to Promote Collectivization of Producers and Nurture Sustainable Collectives

In line with Government of India’s vision and State Government’s thrust on mitigating farmers’ issues, NABARD continued to facilitate the promotion and nurturing of 364 Farmer Producer Organizations (FPOs) in Andhra Pradeshcovering 3500+ villages across 13 districts and mobilizing more than 1.4 lakh small & marginal farmers. Andhra Pradesh RO has adopted saturation approach to drive FPOs towards sustainability and excellence in the long run. NABARD has also sanctioned grant assistance to FPOs for Capacity Building & Technology Transfer, Enterprise development programmes, setting up of Rural Haats

Purchase of Rural Mart/Mobile vanand BusinessDevelopment.  NABARD continues to encourage theFPOs to avail credit and convergence support from state Govt. programmes and corporates. NABARD has also facilitated credit linkage of FPOs through its subsidiary NABKISAN Finance Ltd. and other financial institutions. One FPO from Visakhapatnam, AnakapalleAgri and Horticulture FPC has recently availed the IEC code from DGFT for exporting the produce.

NABARD is also taking steps to nurture producer organisation of rural artisans / weavers etc under its off-farm development initiatives.

Tribal Development

NABARD has sanctioned two new Maa Thota Tribal Development Fund projects during FY 21-22 with grant support of ₹ 6.18 crore in the districts of Krishna and Kadapa benefitting more than 1000 tribal families.The grant assistancewill enabletribal farmers in taking up aggregation, processing and marketing of fruits and vegetables, poultry & dairy development, honey production etc. Besides economic welfare, health camps and women development initiatives under the projects promote overall social development of the tribal communities.

Natural Resource Management

NABARD sanctioned grant assistance for 4 new watershed projects in the Rayalaseema districts. NABARD is providing support for intensive soil and water conservation measures, promotion of dry-land horticulture, climate proofing measures, and awareness generation among the farmers.  The total grant support of₹5.06 crore has been released during the year for the above activities in existing and new watershed areas.

Skilling for Livelihoods

Under its support to development of Micro Enterprises, skilling rural youth and promotion of livelihoods, NABARD has supported more than 125 skill and livelihood development programmes aimed at benefitting 6500 rural beneficiaries.

Support for Formation, Nurturing and Credit Linkage of Joint Liability Groups: NABARD is providing incentive for promotion and credit linkage of JLGs, which are composed of small and marginal farmers, as well as tenant farmers. Grant assistance was sanctioned to eligible entities for promotion of 4702 JLGs.

Support for Marketing

NABARD organized the 4thedition of NABARD Crafts Mela at Vijayawada 31 December 2021 to 09 January 2022. More than 125 artisans, craftsmen and SHG women from across the country and all 13 districts of Andhra Pradesh exhibited handicrafts, handlooms and various other products in the mela. Besides, exhibitions were also sponsored in Srikakulam, Kadapa, Vizianagaram and Prakasam districts.

Towards Supporting Banking services “Reaching the Unreached”

NABARD continues to support the Rural Financing Institutions for conducting financial and digital literacy camps,street plays on financial literacy awareness, setting up centres for financial literacy, supporting mobile demonstration vans, procuring Micro ATMs, Installation of Solar UPS in Branches and onboarding RRBs and RCBs to BHIM UPI platforms.  During the year NABARD has sanctioned grant of ₹14.79 crore and disbursed ₹9.73 crore towards these financial inclusion initiatives in the State.

Strengthening the Rural Cooperative Sector & Computerisation of PACS

NABARD has been supporting training and capacity building initiatives including supporting of exposure visits of senior officials of the Rural Cooperative Credit Institutions.  NABARD also continued to provide infrastructure support to PACS for business development. Towards these activities, ₹146 lakh grant support has been extended during 2021-22 under Cooperative Development Fund

Credit Potential estimates for the year 2022-23 for the State of AP

NABARD in its State Focus Paper has assessed credit potential of ₹2.56 lakh crore for Andhra Pradesh under priority sectors for the year 2022-23 (10% growth), which was launched on 02 March 2022 by Hon’ble Chief Minister Shri YS Jagan Mohan Reddy in the presence of Dr. G. R. Chintala, Chairman, NABARDin the State Credit Seminar held at Chief Minister’s Camp Office, Tadepalli.

Way Forward

These achievements have come in backdrop of advertises faced due to Covid-19 pandemic. NABARD is committed to help unlock the potential contained in rural Andhra Pradesh and further contribute to the growth story of Andhra Pradesh in the years to come.

Leave A Reply

Your email address will not be published.

If you're looking for a fun and exciting new casino destination, look no further than Pin Up Casino India! Our online casino https://pinupcasino-india.in offers players a wide range of games to choose from, as well as some great bonus offers. We know that Indian players are looking for the best online gaming experience, and we are committed to providing just that! So come join us at Pin Up Casino India today and see what all the fuss is about!