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Cooperative banks likely to be digitised by March 2025: NABARD Chairman

National Bank for Agriculture and Rural Development (NABARD) Chairman Shaji K V has said that cooperative banks are expected to be digitised by March 2025 with a view to streamline operations and enhance the efficiency of these financial institutions. The Reserve Bank of India (RBI) has mandated all cooperative banks to adopt the Core Banking Solution (CBS) marking a significant step towards modernisation. He said NABARD is proposing to set up a common shared services entity across the cou...

Cooperative banks likely to be digitised by March 2025: NABARD Chairman

Source: Accord Fintech
2024-11-27 01:38:45 pm

Monthly income of rural households rises 57.6 pc, financial savings up: Government survey

The average monthly income of rural households saw a substantial rise of 57.6 per cent over a five-year period, up from Rs 8,059 in 016-17 to Rs 12,698 in 2021-22, according to government data on Thursday. This indicates a nominal compound annual growth rate (CAGR) of 9.5 per cent, according to the Ministry of Finance. Annual average nominal GDP growth during the same period (on a financial year basis) was 9 per cent, according to the NABARD’s second All India Rural Financi...

Monthly income of rural households rises 57.6 pc, financial savings up: Government survey

Source: IANS
2024-10-10 06:28:17 pm

Rs 750 crore `AgriSURE Fund` to empower startups, boost rural economy

In a pioneering step toward revolutionising the agricultural landscape in India, the government has launched the ‘AgriSURE Fund’ with a capital pool of Rs 750 crore to further drive investments that will empower farmers and boost the rural economy. With a focus on technology-driven, high-impact ventures, ‘AgriSURE’ is designed to fuel growth and foster innovation in the agricultural and rural start-up ecosystem. According to the government, it will provide ...

Rs 750 crore `AgriSURE Fund` to empower startups, boost rural economy

Source: IANS
2024-09-04 12:06:35 pm

NABARD announces `Agri SURE` fund of Rs.750 Crore under NABVENTURES at a prelaunch stakeholder meet in Mumbai

The National Bank for Agriculture and Rural Development (NABARD) held a prelaunch stakeholder meet to announce the ‘Agri-SURE’ fund, an Agri Fund for Start-Ups & Rural Enterprises. The fund is announced by NABVENTURES, a subsidiary of NABARD with an initial corpus of ?750 Crore with 250 crores each from NABARD and the Ministry of Agriculture, and 250 crores from other institutions. The event took place in Mumbai was graced by the presence of Shri A K Sahu, Joint Secretar...

NABARD announces `Agri SURE` fund of Rs.750 Crore under NABVENTURES at a prelaunch stakeholder meet in Mumbai

Source: PR Agency
2024-07-13 10:57:08 am

NABARD Observes its 43rd Foundation Day with Continuing Momentum in Rural Finance, Digitalisation, and Climate Resilience

NABARD commemorated its 43rd Foundation Day with a grand celebration at its Headquarters in Mumbai. The occasion was honoured by eminent guests, stakeholders and well-wishers who have played a critical role in NABARD’s developmental journey. The highlight of the celebration was a Panel Discussion on "Climate Risk Management and Banking." The panel featured esteemed experts including Dr. Trupti Mishra, Professor at IIT Bombay, Shri Santosh Kumar Singh, MD of Intellecap, and ...

NABARD Observes its 43rd Foundation Day with Continuing Momentum in Rural Finance, Digitalisation, and Climate Resilience

Source: PR Agency
2024-07-13 10:46:02 am

NABARD Partners with Online PSB Loans Limited to Digitalize Jan Suraksha Schemes for RRBs

In a landmark initiative towards financial inclusion, a Memorandum of Understanding (MoU) was signed between the National Bank for Agriculture and Rural Development (NABARD) and Online PSB Loans Limited. The collaboration seeks to smoothen the process of enrolment and claim settlement under the Jan Suraksha Schemes for all 43 Regional Rural Banks onboarded on one platform through the JanSuraksha Portal. Shri Shaji K V, Chairman NABARD, accompanied by Dr. Ajay Kumar Sood, DMD NABARD, inaugurat...

NABARD Partners with Online PSB Loans Limited to Digitalize Jan Suraksha Schemes for RRBs

Source: PR Agency
2024-07-04 02:16:09 pm

`ONDC will become a formidable e-commerce player in near future`

The government-run Open Network for Digital Commerce (ONDC) is set to become a formidable e-commerce player in the near future, said ONDC MD and CEO T Koshy on Monday. In an interview with IANS, Koshy said that the good traction the platform received in the last 15 months proves that ONDC has the potential to completely transform the e-commerce landscape. “We definitely will become a formidable e-commerce player in the near future. We will have the complete transformational capabi...

`ONDC will become a formidable e-commerce player in near future`

Source: IANS
2024-06-10 04:13:49 pm

Over 300 pc hike in India`s budget outlay for agriculture in last 9 years: FAIFA report

There has been an over 300 per cent increase in budget allocation for agriculture over the last 9 years and more than 11 crore farmers benefited from the PM Kisan scheme, according to a report released by the Federation of All India Farmer Associations (FAIFA) on Wednesday. FAIFA, a non-profit organisation which claims to represent millions of farmers and farm workers, said that there has been a huge leap in the procurement of pulses at MSP which has also benefited the farmers. The othe...

Over 300 pc hike in India`s budget outlay for agriculture in last 9 years: FAIFA report

Source: IANS
2024-05-15 04:27:44 pm

NABARD Launches Climate Strategy 2030 on World Earth Day

In a significant stride towards sustainable development, NABARD unveiled its Climate Strategy 2030 document on the occasion of Earth Day. The document was released by Shri Shaji K V, Chairman NABARD. This comprehensive strategy aims to address India’s escalating need for green financing. Despite the pressing demand, where India requires approximately US$ 170 billion annually to reach a cumulative total of over US$ 2.5 trillion by 2030, current green finance inflows are critically ins...

NABARD Launches Climate Strategy 2030 on World Earth Day

Source: PR Agency
2024-04-24 11:04:16 am

NABARD Issues Statement to Dispel Misinformation Regarding `Dairy Loan Yojana`

The National Bank for Agriculture and Rural Development (NABARD) issues a statement to address the recent misinformation circulating about the NABARD Dairy Loan Yojana. A series of false claims suggesting that NABARD is directly providing loans to farmers for dairy farming ventures under their Dairy Entrepreneurship Development Scheme. NABARD, categorically and unequivocally states that these assertions are fake. NABARD, as an apex development finance institution, functions by ex...

NABARD Issues Statement to Dispel Misinformation Regarding `Dairy Loan Yojana`

Source: PR Agency
2024-04-16 01:55:00 pm

NABARD Chairman launches NABSAMRUDDHI`s Climate Ready WASH awareness campaign on World Water Day

NABARD, along with its NBFC subsidiary NABSAMRUDDHI, commemorated World Water Day on 22 March 2024 by launching the first phase of a nationwide Climate Ready WASH funding awareness campaign for women JLG borrowers of Micro Finance Institutions, to take forward the common mandate of sustainable rural development. The event to kickstart the same, at NABARD Mumbai, was inaugurated by Shri Shaji K.V., Chairman, NABARD who, in his keynote address, emphasised the criticality of water a...

NABARD Chairman launches NABSAMRUDDHI`s Climate Ready WASH awareness campaign on World Water Day

Source: PR Agency
2024-03-23 05:10:48 pm

NABARD projects Credit Potential of Rs 2.37 lakh cr for FY 2024-25 in Kerala

NABARD has projected a Credit Potential of Rs 2.37 lakh crore under priority sector to be financed by all banks in Kerala for the 2024-25 financial year. This was discussed at the State Credit Seminar conducted by NABARD under the chairmanship of Kerala Chief Secretary, Dr V. Venu. At the meeting attended by various bankers and numerous departmental heads, it was found out that the agriculture sector constituted 52 per cent of the total projection for priority sector. To boost the ag...

NABARD projects Credit Potential of Rs 2.37 lakh cr for FY 2024-25 in Kerala

Source: IANS
2024-01-13 04:19:34 pm

Finance Minister Handed Over Sanction Letters for Multiple Developmental Initiatives by NABARD in Sikkim During a Two-day Visit

The Hon’ble Finance Minister, Government of India, Smt. Nirmala Sitharaman, handed over/announced the sanction worth of Rs 52.87 crore of funds for developmental initiatives by NABARD to boost rural development during her visit to Sikkim for Credit Outreach Programme on January 6, 2024. The noteworthy initiatives included support for rural connectivity (Rs 50.71 crore), a grant of Rs 1.29 crore for livelihood support to tribal households, Rs 28.28 lakh for ongoing orchard-based liveliho...

Finance Minister Handed Over Sanction Letters for Multiple Developmental Initiatives by NABARD in Sikkim During a Two-day Visit

Source: PR Agency
2024-01-09 04:40:24 pm

Finance Minister Handed Over Sanction Letters for Multiple Developmental Initiatives by NABARD in Sikkim During a Two-day Visit

Source: PR Agency
2024-01-08 05:09:35 pm

NABARD Empowers Rural Artisans by Supporting their Participation in Mahalaxmi Saras 2023-24

The Mahalaxmi Saras 2023-24, a celebration of India's rich cultural heritage, opened its doors on December 26th at MMRDA Ground, Bandra Kurla Complex (BKC) in Mumbai. The National Bank for Agriculture and Rural Development (NABARD) is supporting many artisans across the country to market their merchandise at the event. Shri Girish Mahajan, Minister of Rural Development & Panchayat Raj of Maharashtra, inaugurated the much-awaited event in the presence of distinguished gu...

NABARD Empowers Rural Artisans by Supporting their Participation in Mahalaxmi Saras 2023-24

Source: PR Agency
2023-12-26 05:57:21 pm