INTRODUCTION HISTORY VISION AND MISSION ORGANIZATION STRUCTURE OBJECTIVES ROLES AND FUNCTIONS PROMOTIONAL EFFORTS BY NABARD MODEL BANKABLE PROJECTS SCHEME OF PROVIDING TECHNOLOGY SUPPORT TO NGOS INNOVATIVE PROJECTS
NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts. It also has the mandate to support all other allied economic activities in rural areas, promote integrated and sustainable rural development and secure prosperity of rural areas.
The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD), set up by the Reserve Bank of India (RBI) under the Chairmanship of SHRI B. SIVARAMAN, conceived and recommended the establishment of the National Bank for Agriculture and Rural Development (NABARD). It was established on 12 July 1982 by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture .
Vision:Empowerment of rural poor by improving their access to the formal credit system through various MF innovations in a cost effective and sustainable manner .Mission:Promoting sustainable and equitable agriculture and rural development through effective credit support, related services, institution building and other innovative initiatives.
The national bank will be an apex organization in respect of all matters relating to policy, planning operational aspects in the field of credit for promotion of agriculture, small scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas.
The Bank will also provide direct lending to any institution as may approved by the Central Government. The Bank will have organic links with the Reserve Bank and maintain a close link with in. The Bank will serve as a refinancing institution for institutional credit such as long-term, short-term for the promotion of activities in the rural areas.
• Credit Functions• Developmental and Promotional Functions• Supervisory Functions• Institutional and Capacity building• Role in Training
Framing policy and guidelines for rural financial institutions Providing credit facilities to issuing organizations Monitoring the flow of ground level rural credit
Help cooperative banks and Regional Rural Banks to prepare development actions plans for themselves Monitor implementation of development action plans of banks and fulfillment of obligations under MoUs Provide financial support for the training institutes of cooperative banks
Undertakes inspection of Regional Rural Banks (RRBs) and Cooperative Banks (other than urban/primary cooperative banks) under the provisions of Banking Regulation Act, 1949. Undertakes inspection of State Cooperative Agriculture and Rural Development Banks (SCARDBs) and apex non- credit cooperative societies on a voluntary basis That’s help full for more development .
•Help cooperative banks and RRBs to prepare development actions plans for themselves • •Monitor implementation of development action plans of banks and fulfillment of obligations under Moue. •Provide financial assistance to cooperatives and RRBs for establishment of technical, monitoring and evaluations cells. •Provide organization development intervention (ODI) through reputed training institutes like Bankers Institute of Rural Development (BIRD), Lucknow, National Bank Staff College, Lucknow, College of Agriculture Banking, Pune, etc. •Provide financial support for the training institutes of cooperative banks •Provide training for senior and middle level executives of commercial banks, RRBs and cooperative banks
Section 38 of the NABARD Act provides that the Bank shall: •Maintain expert staff to study all problems relating to agriculture and rural development and be available for consultation to the central government, the reserve bank, the state governments and the other institutions engaged in the field of rural development. •Provide facilities for training, for dissemination of information and the promotion of research including the undertaking of studies, researches, techno-economic and other surveys in the field of rural banking, agriculture and rural development. •May provide consultancy services in the field of agriculture and rural development. The role of training in nabard and the role played by it for capacity building in client institutions, partner agencies and other developmental agencies is important.
NABARD Refinance Support to Banks NABARD provides refinance support to banks to the extent of 100% of the bank loans disbursed to SHGs. The total refinance disbursed to banks against their loans to SHGs during the year 2007-08 was Rs.1615.50 core as against Rs.1292.86 core during the year 2006-07 with a growth rate of 30%.
The Technical Services Department of NABARD is preparing and bringing model bankable agricultural projects in the areas of:- Minor Irrigation Land Development Plantation & Horticulture Agricultural Engineering Forestry and Wasteland Fisheries Animal Husbandry and Biotechnology
Grant Assistance up to Rs.50,000 Purchase of PC NGO should have completed 3 years Should have promoted minimum 500 SHGs Should not have been black-listed Self Help Groups
Setting up of grain banks Project on processers cards Project on e-gram Joint Liability Groups Setting up of computer machines Micro enterprise promotion by SHGs