Nabard funds

Nabard has disbursed Rs 731.23 crore to Assam during 2015-16 with major focus area being agri-infrastructure with a share of 65 per cent followed by rural connectivity at 35 per cent, Nabard chief general manager S. Natarajan said here today.

  • Published 29.04.16
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Guwahati, April 28 (PTI): Nabard has disbursed Rs 731.23 crore to Assam during 2015-16 with major focus area being agri-infrastructure with a share of 65 per cent followed by rural connectivity at 35 per cent, Nabard chief general manager S. Natarajan said here today.

Nabard was committed to its support to create rural infrastructure and sanctioned Rs 602.36 crore to the state government and released Rs 394.06 crore - the highest ever disbursement under rural infrastructure development fund till date in Assam, Natarajan added.

Nabard, under refinance, disbursed Rs 65.94 crore to state cooperative bank and regional rural banks towards short-term seasonal agricultural operations. Banking plans were prepared for dairy in 17 districts and piggery development in one district to enhance bank credit flow to these sectors, Natarajan said.

Nabard promoted 34 farmers' organisations under produce fund, set up by the Centre with Nabard, with financial assistance of Rs 304.59 lakh during 2015-16. Three projects involving financial assistance of Rs 75.59 lakh have also been sanctioned.

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