Tag Archives: NABARD

SBI, Nabard join hands to help Bengal JLGs

Reported by | Updated: January 5, 2018

State Bank of India and Nabard have signed an agreement with five NGOs in Bengal for the promotion of 2500 joint liability groups (JLGs) in select districts of the state. The bank plans to extend assistance to the financially excluded sections of the society, especially landless farmers in the districts of Purulia, Paschim Medinipur, Purba […]

Nabard effort to digitize SHGs

Reported by | Updated: April 28, 2017

Nabard says it has digitized some 1.26 lakh self-help groups (SHGs) under its eShakti initiative. Some 14.86 lakh individuals in the country are now able to avail the benefits of this digitization. Nabard wants to digitize all SHGs under its Micro Credit and Innovations Department and reduce the drudgery of book keeping and cut the […]

Nabard to coordinate KCC conversion into RuPay cards

Reported by | Updated: February 9, 2017

The government has decided that Nabard will be the coordinating entity for the conversion of operative/live Kisan Credit Cards into RuPay ATM cum debit Kisan Credit Cards. These cards will be issued by cooperative banks and regional rural banks on priority. The conversion will enable farmers to do financial transactions on digital platform. Apart from […]

Nabard to raise Rs 20,000 cr through issue of bonds

Reported by | Updated: July 13, 2016

The National Bank for Agriculture and Rural Development will issue 15-year bonds to raise Rs 20,000 crore for an irrigation fund. The bonds will be issued starting from August and will be in four or five tranches, according to Nabard chairman HK Bhanwala. He said the idea is to raise funds throughout the year. The […]

Nabard helps banks to scale-up in extremist hit areas

Reported by | Updated: April 29, 2016

National Bank for Agriculture & Rural Development will support banks to open branches in un-banked villages in left wing extremist affected districts in the country. A letter from Nabard to heads of the scheduled commercial banks, regional rural banks and state cooperative banks, said that the expansion of banking network in the affected districts is […]

Nabard in MoU with World Resources Institute

Reported by | Updated: April 27, 2016

National Bank for Agriculture and Rural Development Nabard has entered in a memorandum of understanding with World Resources Institute (WRI) to develop methodologies for natural resources management. Through the MoU, both entities would collectively work for regeneration of forests and rural economy. Nabard chairman Harsh Kumar Bhanwala said both the entities would work in the […]

Israel looks to collaborate with Nabard

Reported by | Updated: April 9, 2016

Israel is looking to collaborate with National Bank for Agricultural and Rural Development in the field of agro-technologies and water conservation technologies, according to NABARD. For this purpose, a delegation from Israel led by minister for agriculture and rural development Uri Ariel has visited Nabard. The delegation held discussions relating to expanding the Agricultural Centres […]

Nabard to refinance more NBFCs

Reported by | Updated: March 30, 2016

Nabard has plans to enhance its focus on refinancing non-banking financial companies and microfinance institutions. Stating this, Harsh Kumar Bhanwala, chairman maintained though refinancing NBFCs and MFIs are small part of the overall assistance provided to reach out to small and marginal farmers, it is growing steadily as more companies are now focusing on rural […]