The Reserve Bank of India is looking to revamp the structure of State-Level Bankers’ Committees (SLBC) to facilitate agriculture, micro and small enterprises (MSEs), and other priority sectors’ lending for employment generation, said the bank’s Deputy Governor S S Mundra while addressing bankers …
Tag: NABARD
Highlights of Union Budget 2017-18
The 2017 Union Budget, presented by Finance Minister Arun Jaitley on February 1, was broadly focused on 10 issues — farming sector, rural population, youth, poor and health care for the underprivileged, infrastructure, financial sector for stronger institutions, speedy accountability, public serv…
FoIJ demands establishment of Food Park for MSME sector
Jammu: Federation of Industries Jammu (FoIJ) has demanded establishment of Food Park for the MSME sector in the State. Chairman, of the Federation of Industries, Jammu Lalit Mahajan along with Ajay Langer, General Secretary, BBIA and Viraaj Malhotra Secretary/ Treasurer, BBIA attended one day “Co…
JICA examining Rs 7,000 cr support to Indian dairy coops
Japan International Cooperation Agency (JICA) is examining a proposal of about Rs 7,000 crore to support dairy cooperatives for modernisation of processing facilities, the government said. Animal Husbandary Secretary Devendra Chaudhry chaired a meeting comprising senior officials from IDBI, NABAR…
Credit plan envisages support for agriculture, MSMEs
A Rs.6,212.38 crore Annual Credit Plan (ACP) has been released for the district for 2016-17 envisaging priority lending support across sectors, including agriculture and MSMEs. G Vijaya, District Revenue Officer (DRO), Cuddalore launched the ACP for the fiscal prepared by the lead bank, the India…
NABARD provides Rs 11,785 Cr financial support to UP in 2015-16
The annual business operations of the National Bank For Rural Development (NABARD) in Uttar Pradesh during 2015-16 has crossed a landmark milestone of Rs 11,785 crore. The financial support by NABARD during 2015-16 in UP included Rs 6050 crore released to Regional Rural Banks and Cooperative Bank…
Budget 2016 | Key Highlights
Majorfocus on agriculture and farmers’ welfare, Mission to provide LPG connection to poor households, New health protection scheme, increased outlay for infrastructure, 2.87 Lakh crore Grant in Aid to Gram Panchayats and Municipalities. Setting up of 1500 Multi Skill Training Institutes and incen…
Mumbai needs 50% of Agri loans | NABARD
The State Focus Report of the National Bank for Agriculture and Rural Development (NABARD) for 2016-17, released last week, allocated 51.3 per cent (of Rs 2,96,279.44 crore) of its total potential-linked credit plan (PLP) to Mumbai City and Suburbs. Dr US Saha, Chief General Manager, NABARD-Mahar…
MSMEs in Goa to get lion’s share of credit from banks in 2016-17
Micro, Small and Medium Enterprises (MSMEs) in Goa, may get better funding from banks in 2016-17 with the NABARD estimating huge scope of lending to the sector. On 19th January NABARD announced the potential credit plan for banks for 2016-17 with MSMEs getting the lion’s share of credit for the y…
Fruit processing has huge scope in Tripura : Manik Sarkar
Landlocked Tripura has considerable potential in terms of developing its fruit processing industry since the agro-climatic condition is favorable for horticulture. Manik Sarkar, Tripura Chief Minister said. Addressing a day-long conference on linking prospective food entrepreneurs with government…