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NABARD emphasises on agri-fintech innovations for taking rural and agri-economy forward The National Bank for Agriculture and Rural Development (NABARD) took center stage at the Global Fintech Fest (GFF), held from September 5th to September 7th, 2023 in Mumbai. NABARD highlighted its ground-breaking work to integrate digital financial services with rural and agri-economy. During the event, NABARD participated in a series of panel discussions addressing important topics. These included the far-reaching impact of digital identity and Know Your Customer (KYC) solutions on regulati...
NABARD emphasises on agri-fintech innovations for taking rural and agri-economy forward
NABARD emphasises on agri-fintech innovations for taking rural and agri-economy forward
Source: PR Agency
9/09/2023 9:08:01 AM
Nirmala Sitharaman directs NABARD to make rural income improvement top priority. Finance Minister Nirmala Sitharaman on Monday advised NABARD to work towards ensuring efficiency and outcomes at the ground level with improvement in rural income as top priority. She said this while chairing a review meeting of NABARD's functioning in the presence of its chairman, banking secretary and other senior officials of the Finance Ministry. Sitharaman directed NABARD to facilitate the aggregation of organic producers by Farmer Producer Organisations (FPOs), with a focus on...
Nirmala Sitharaman directs NABARD to make rural income improvement top priority.
Nirmala Sitharaman directs NABARD to make rural income improvement top priority.
Source: IANS
20/06/2023 9:54:53 AM
NIrmala Sitharaman seeks identification of credit deficient dists for financial inclusion. Finance Minister Nirmala Sitharaman on Monday suggested identification of credit-deficient districts in each state and carrying out special credit outreach camps there. She also suggested holding a special district level review committee meeting between July 15 to August 15 and inviting MPs from such districts to further brainstorm on ideas of financial inclusion by opening Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts. She said this while chairing a meeting of a consultative committe...
NIrmala Sitharaman seeks identification of credit deficient dists for financial inclusion.
NIrmala Sitharaman seeks identification of credit deficient dists for financial inclusion.
Source: IANS
20/06/2023 9:32:46 AM
Government directs regional rural banks to achieve viability plan targets within a year The government on Friday urged regional rural banks (RRBs) to redouble their efforts for achieving the targets fixed in the viability plans within the next one year itself. This direction was given to them during a review meeting held in Pune by banking secretary Vivek Joshi. It was noted during the meeting that there has been substantial improvement in the financial performance of RRBs in 2022-23 as compared to 2021-22. During the meeting, the progress made by RRBs on various parame...
Government directs regional rural banks to achieve viability plan targets within a year
Government directs regional rural banks to achieve viability plan targets within a year
Source: IANS
13/05/2023 9:42:37 AM
Mr. Jagdish Capoor Appointed Chairman of West End Housing Finance Mumbai: Mumbai-based affordable housing finance company, West End Housing Finance Ltd., has appointed reputed banker Mr. Jagdish Capoor as its Chairman. The appointment was made by the board at its meeting held in Mumbai on the 10th of February, 2023. Mr. Jagdish Capoor has had an illustrious career in the finance sector, having served as the Deputy Governor of the Reserve Bank of India. He has also been the Chairman of HDFC Bank and the Bombay Stock Exchange (BSE), and has serve...
Mr. Jagdish Capoor Appointed Chairman of West End Housing Finance
Mr. Jagdish Capoor Appointed Chairman of West End Housing Finance
Source: PR Agency
14/02/2023 4:21:30 PM
India's NABARD aims to raise 30-50 billion rupees in debut green bond issue India's National Bank for Agriculture and Rural Development (NABARD) plans to raise funds by issuing its first-ever green bonds and could tap the market this month, three bankers aware of the development told Reuters on Tuesday. The state-run company is planning to raise between 30 billion rupees and 50 billion rupees ($363-$605 million) through the sale of green bonds maturing in five years to 10 years, the bankers said. The tenure will be finalised based on prevailing market condi...
India's NABARD aims to raise 30-50 billion rupees in debut green bond issue
India's NABARD aims to raise 30-50 billion rupees in debut green bond issue
Source: Reuters
7/02/2023 1:27:44 PM
NABARD pegs Odisha's credit potential at Rs 1.60 lakh cr for 2023-24 The National Bank for Agriculture and Rural Development (NABARD) has projected Odisha's credit potential for the financial year 2023-24 at Rs 1,60,280.30 crore, officials said here on Wednesday. The credit project for the year 2023-24 is 19.02 per cent higher than the previous year's credit estimation of Rs 1,34,665 crore, as per NABARD's State Focus Paper for the year 2023-24 released on Wednesday. Of the total credit potential for the priority sector, an amount of Rs 58,77...
NABARD pegs Odisha's credit potential at Rs 1.60 lakh cr for 2023-24
NABARD pegs Odisha's credit potential at Rs 1.60 lakh cr for 2023-24
Source: IANS
14/12/2022 5:29:41 PM
India to launch fourth tranche of BHARAT Bond ETF on Friday The fourth tranche of India's first corporate bond exchange-traded fund (ETF) is set to be launched this week, Edelweiss Mutual Fund, which manages the ETF, said on Thursday. The new fund offer of the ETF, which invests only in AAA-rated corporate bonds issued by state-run companies, will open on Dec. 2 and close for subscription on Dec. 8. The first offering of the ETF was launched in late 2019. Through the latest tranche, Edelweiss Mutual Fund plans to raise at least 10 billion...
India to launch fourth tranche of BHARAT Bond ETF on Friday
India to launch fourth tranche of BHARAT Bond ETF on Friday
Source: Reuters
1/12/2022 3:25:13 PM
NABARD sanctions Rs 220.50cr to Odisha Government under RIDF The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 220.50 crore to the Odisha government under Rural Infrastructure Development Fund (RIDF), officials said on Wednesday. NABARD has sanctioned the fund for construction of 57 flood protection projects and one bridge at a rural area. The projects will help districts including Kendrapara, Bolangir, Kalahandi, Nuapada, Rayagada, Boudh, Nayagarh, Jajpur, Khurda and Sonepur, a NABARD official said here on Wednes...
NABARD sanctions Rs 220.50cr to Odisha Government under RIDF
NABARD sanctions Rs 220.50cr to Odisha Government under RIDF
Source: IANS
16/11/2022 5:24:20 PM
Aiming to boost export, Nagaland plans coffee plantation in 50,000 hectares In a bid to export coffee to European and Middle Eastern countries, the Nagaland government has undertaken an ambitious plan to cover 50,000 hectares of land by coffee plantation by 2030, officials said on Monday. With the help and support of the Coffee Board, currently around 8,412.49 hectares and 1,419.7 hectares of land in different districts are covered by plantations of Arabica and Robusta coffee, respectively. Coffee Board Deputy Director P.P. Chaudhury said that the Board has bee...
Aiming to boost export, Nagaland plans coffee plantation in 50,000 hectares
Aiming to boost export, Nagaland plans coffee plantation in 50,000 hectares
Source: IANS
18/10/2022 9:23:37 AM
Commercial papers issuance rises around 60% on-month to Rs 1.51 lakh cr in August Fund raised through commercial papers rose sharply around 60 per cent month-on-month to Rs 1.51 lakh crore in August due to large issuances by some companies. This was even after the rates on these instruments have risen more than 25 basis points throughout the month. According to the Prime database, companies raised Rs 1.51 lakh crore in August, as compared to Rs 94,599 crore in July. With this, fundraising in August is highest in the current financial year. There are some regular is...
Commercial papers issuance rises around 60% on-month to Rs 1.51 lakh cr in August
Commercial papers issuance rises around 60% on-month to Rs 1.51 lakh cr in August
Source: IANS
15/09/2022 3:06:30 PM
Corporate bond issuances rise over 16% on-month in July Issuances of corporate bonds rose more than 16 per cent month-on-month in July to Rs 58,452 crore due to softening of yields on these instruments. According to the data from Prime database showed, banks and companies raised Rs 58,452 crore in July, as against Rs 50,099 crore in June. Since the beginning of this calendar year, issuances remained highest in month of March, with companies raising Rs 81,580 crore. Of the total amount raise in July, Housing Development Finance Corp (HDFC) ra...
Corporate bond issuances rise over 16% on-month in July
Corporate bond issuances rise over 16% on-month in July
Source: IANS
10/08/2022 3:58:16 PM
How ONDC is set to be India's UPI moment for e-commerce India is attempting several big reforms in the technology sector to allow local businesses thrive amid anti-market practices from Big Tech and according to Shireesh Joshi, Chief Business Officer (CBO) and President, Network Expansion for the Open Network for Digital Commerce (ONDC), the goal is to create population-scale inclusion of e-commerce in the country. With ONDC, a Unified Payments Interface (UPI)-type initiative of the Ministry of Commerce and Industry to promote open networks, th...
How ONDC is set to be India's UPI moment for e-commerce
How ONDC is set to be India's UPI moment for e-commerce
Source: IANS
17/07/2022 10:54:11 AM
NABARD sanctions highest allocation of Rs 4,013cr to Odisha The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 4,013 crore to the Odisha government during the financial year 2021-22 under the Rural Infrastructure Development Fund (RIDF), officials said on Monday. This financial allocation is highest in the country under RIDF during the financial year, the NABARD officials said. During this fiscal year, a major thrust has been given to improvement in the rural connectivity sector in the state under RIDF and an assi...
NABARD sanctions highest allocation of Rs 4,013cr to Odisha
NABARD sanctions highest allocation of Rs 4,013cr to Odisha
Source: IANS
22/03/2022 11:36:34 AM
NABARD Grameena Habba-2022 to boost rural economy jolted by Covid-19 pandemic Aimed at giving a push to rural economy hit by Covid-19 pandemic, NABARD, Karnataka Regional Office is organising an annual event "Grameena Habba", to provide marketing platform for rural artisans to sell handicraft and handloom products here between March 10 and 14. Artisans from Telangana, Tamil Nadu, Kerala, Uttar Pradesh, Madhya Pradesh, Haryana, Odisha and Chhattisgarh are expected to participate in this rural festival besides more than 25 artisans from Karnataka. The pre...
NABARD Grameena Habba-2022 to boost rural economy jolted by Covid-19 pandemic
NABARD Grameena Habba-2022 to boost rural economy jolted by Covid-19 pandemic
Source: IANS
7/03/2022 4:07:26 PM
NABARD sanctions Rs 1,744.51 cr to Mizoram for critical rural infra The NABARD has so far sanctioned a Rs 1,744.51 crore to Mizoram for 677 projects of critical rural infrastructure and Rs 1,070.81 crores has been disbursed so far, officials said here on Friday. A Mizoram government official said that under the Rural Infrastructure Development Fund (RIDF), the NABARD, during the past few years, has sanctioned the loans for critical rural infrastructure like roads, bridges, drinking water, and health infrastructure. Under the Warehousing Infrastructure F...
NABARD sanctions Rs 1,744.51 cr to Mizoram for critical rural infra
NABARD sanctions Rs 1,744.51 cr to Mizoram for critical rural infra
Source: IANS
11/12/2021 10:29:01 AM
NABARD pegs Assam's priority sector credit potential at Rs 36,292 cr The National Bank for Agriculture and Rural Development (NABARD) has projected a credit potential of Rs 36,292 crore for Assam for financial year 2022-23, officials said on Wednesday. NABARD officials said that the projected credit potentiality for the next financial year is 12 per cent higher than the current fiscal (2021-22), as it released the state focus paper consolidating exploitable district wise realistic potential, both in physical and financial terms, in Assam. Focusing on the...
NABARD pegs Assam's priority sector credit potential at Rs 36,292 cr
NABARD pegs Assam's priority sector credit potential at Rs 36,292 cr
Source: IANS
9/12/2021 9:34:08 AM
NABARD sanctions Rs 206 cr for 25 road projects in Odisha The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 206 crore to the Odisha government for construction of 25 roads, officials said on Monday. The assistance has been sanctioned under the Rural Infrastructure Development Fund (RIDF) for 25 rural road projects in 11 districts across the state, said NABARD's Odisha region office in a statement. The projects with a combined length of 203 km will improve rural road connectivity for 20.48 lakh people in 172...
NABARD sanctions Rs 206 cr for 25 road projects in Odisha
NABARD sanctions Rs 206 cr for 25 road projects in Odisha
Source: IANS
28/09/2021 9:17:37 AM
NABARD extends Rs 24.90 lakh grant for fishing project in TN The National Bank For Agriculture and Rural Development (NABARD) has allocated a grant of Rs 24.9 lakh for a project on Integrated Mangrove Fishery Farming System (IMFFS) in Cuddalore district of Tamil Nadu. A statement from the NABARD on Sunday said the MS Swaminathan Research Foundation (MSSRF) will be implementing the project that is aimed at increasing the adaptive capacity of the fishing community. The project is being implemented at Cuddalore district of Tamil Nadu on 2.1 hectare ...
NABARD extends Rs 24.90 lakh grant for fishing project in TN
NABARD extends Rs 24.90 lakh grant for fishing project in TN
Source: IANS
22/08/2021 6:02:26 PM
NABARD sanctions Rs 356 cr for building 35 bridges in Odisha  The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 356 crore to the Odisha government for construction of 35 bridges, officials said on Wednesday. The assistance has been sanctioned under Rural Infrastructure Development Fund (RIDF) for construction of 35 bridge projects covering 17 districts in the State, NABARD's chief general manager (Odisha Region) C. Udayabhaskar said in a statement. These bridge projects are intended to provide improvement...
NABARD sanctions Rs 356 cr for building 35 bridges in Odisha
NABARD sanctions Rs 356 cr for building 35 bridges in Odisha
Source: IANS
29/07/2021 9:59:33 AM
RBI announces Rs 50,000 cr for NABARD, NHB, SIDBI In a liquidity boost to all-India financial institutions such as NABARD and National Housing Bank (NHB), the Reserve Bank of India (RBI) has announced a liquidity support of Rs 50,000 crore to such institutions for fresh lending in the current financial year. "In consonance with the policy objective of nurturing the still nascent growth impulses, it has been decided to extend fresh support of Rs 50,000 crore to the AIFIs for new lending in 2021-22," said the RBI's statement o...
RBI announces Rs 50,000 cr for NABARD, NHB, SIDBI
RBI announces Rs 50,000 cr for NABARD, NHB, SIDBI
Source: IANS
7/04/2021 12:57:21 PM