PRESENTATION  BY  NABARD Regional Office, Gujarat
NABARD SDC Rural Innovation Fund Quotable  Quotes: “  The  next 10 years would be dedicated as a decade  of innovation ” –...
<ul><li>What is innovation ? </li></ul><ul><li>Innovation is all about converting ideas  into new or improved  products,  ...
NABARD SDC Rural Innovation Fund Objective: To try out new ideas and innovations with  a scaling up potential, in Farm, No...
<ul><li>Guiding Principles </li></ul><ul><ul><li>Activities in Farm/ Non-farm/ Micro Credit sub-sectors/ thrust areas  </l...
<ul><li>Guiding Principles  (cont..) </li></ul><ul><ul><li>Involves development of new products/ Processes/ Services </li>...
Eligible Activities <ul><li>All innovations and related activities in FS, NFS and micro finance sectors such as  </li></ul...
Eligible Activities (contd..) <ul><ul><li>Patenting innovations leading to commercialization of the idea through licensing...
Eligible Activities (contd..) <ul><ul><ul><li>Proposals, which help in creating sustainable employment opportunities in ru...
<ul><li>Eligible Institutions/ Individuals for Support </li></ul><ul><li>Registered VAs/ NGOs, Community/People based orga...
<ul><li>Eligible Institutions/ Individuals for Support(cont..) </li></ul><ul><li>mFIs/ Other financial institutions extend...
<ul><li>Criteria for Selection of Beneficiaries </li></ul><ul><li>Projects which have no access to alternate funding avenu...
<ul><li>Eligible items of expenditure for funding </li></ul><ul><li>Items of expenditure crucial for implementing the proj...
<ul><li>Quantum/Mode of Assistance </li></ul><ul><li>Innovator encouraged to bring in own contribution  to the maximum ext...
Preferred sectors <ul><li>Dry land / rain fed farming </li></ul><ul><li>Innovative rainwater harvesting for rural dwelling...
Progress so far <ul><ul><li>Projects sanctioned all over India (no.s)  -  120 </li></ul></ul><ul><ul><li>Funding support  ...
General shortcomings noticed <ul><ul><li>Lack of innovative element </li></ul></ul><ul><ul><li>Pure research without field...
 
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Rif Innovation Presentation

  1. 1. PRESENTATION BY NABARD Regional Office, Gujarat
  2. 2. NABARD SDC Rural Innovation Fund Quotable Quotes: “ The next 10 years would be dedicated as a decade of innovation ” – President of India in her address to Parliament on 04 th June 2009. “ Education and Innovation will be the currency of the 21 st century – President Obama, Cairo, 07 th June 2009
  3. 3. <ul><li>What is innovation ? </li></ul><ul><li>Innovation is all about converting ideas into new or improved products, processes and services. </li></ul><ul><li>Ideas need to be processed and evaluated for deriving benefits and practical use. </li></ul><ul><li>No dearth of innovative ideas. Challenge is to spot them and help develop them for common good. </li></ul>NABARD SDC Rural Innovation Fund
  4. 4. NABARD SDC Rural Innovation Fund Objective: To try out new ideas and innovations with a scaling up potential, in Farm, Non farm & Micro finance sectors, for promoting livelihood opportunities and employment creation in rural areas and facilitating financial and business promotion services for the poor.
  5. 5. <ul><li>Guiding Principles </li></ul><ul><ul><li>Activities in Farm/ Non-farm/ Micro Credit sub-sectors/ thrust areas </li></ul></ul><ul><ul><li>Poor focused </li></ul></ul><ul><ul><li>Innovative/ Experimental </li></ul></ul><ul><ul><li>Demonstrative </li></ul></ul><ul><ul><li>Replicable </li></ul></ul><ul><ul><li>Commercially viable models </li></ul></ul>
  6. 6. <ul><li>Guiding Principles (cont..) </li></ul><ul><ul><li>Involves development of new products/ Processes/ Services </li></ul></ul><ul><ul><li>Includes prototyping/ piloting/ field testing of the innovation </li></ul></ul><ul><ul><li>Patenting the innovation </li></ul></ul><ul><ul><li>Extension Support </li></ul></ul>
  7. 7. Eligible Activities <ul><li>All innovations and related activities in FS, NFS and micro finance sectors such as </li></ul><ul><li>Those providing technology and skill upgradation, inputs supply, sustainable employment, infrastructure development </li></ul><ul><li>Undertake innovations to improve the efficiency of credit delivery and other support services. </li></ul>
  8. 8. Eligible Activities (contd..) <ul><ul><li>Patenting innovations leading to commercialization of the idea through licensing or otherwise. </li></ul></ul><ul><ul><li>proposals which aim at increasing productivity and profitability of operations of the farmers, artisans, handicraft persons and rural people in general. </li></ul></ul><ul><ul><li>projects that help in reducing drudgery, improving access to market, projects that help better sanitation, health and hygienic conditions and environment in rural areas. </li></ul></ul>
  9. 9. Eligible Activities (contd..) <ul><ul><ul><li>Proposals, which help in creating sustainable employment opportunities in rural India. </li></ul></ul></ul><ul><ul><ul><li>Proposals, which improve farm practices, and help in conserving the land fertility. </li></ul></ul></ul><ul><ul><ul><li>Research studies for documenting the innovations already taking place in rural areas and examining issues concerned with rural cottage & village industries /farm sector / farming practices. </li></ul></ul></ul>
  10. 10. <ul><li>Eligible Institutions/ Individuals for Support </li></ul><ul><li>Registered VAs/ NGOs, Community/People based organisations/Trusts, Cooperatives/ KVKs/ PRIs with proven track record </li></ul><ul><li>Group of Persons like Farmers Clubs, SHGs, Producer Groups,Civil Society Organisations (formal or informal) </li></ul><ul><li>Academic Institutions like Universities/ Research Institutions </li></ul><ul><li>Any organisation eligible for refinance support from NABARD </li></ul>
  11. 11. <ul><li>Eligible Institutions/ Individuals for Support(cont..) </li></ul><ul><li>mFIs/ Other financial institutions extending financial services to rural poor. </li></ul><ul><li>Corporates or organizations floated by corporates for taking up rural development activities. </li></ul><ul><li>Any other organization whose objectives/ activities are in consonance with RIF Objectives. </li></ul><ul><li>Individuals/ proprietary concerns/ partnership firms with proven competence to implement the project </li></ul>
  12. 12. <ul><li>Criteria for Selection of Beneficiaries </li></ul><ul><li>Projects which have no access to alternate funding avenues given top priority. </li></ul><ul><li>For individuals, their competence for implementing the project will be verified through references/ other means </li></ul><ul><li>In case of Organisations - At least 2 years’ of existence, proven track record in development initiatives, financially stable and organizationally well equipped to implement the project. </li></ul><ul><li>For mFIs, the criteria laid down by mCID for SHG- Banks linkage programme will be applicable </li></ul>
  13. 13. <ul><li>Eligible items of expenditure for funding </li></ul><ul><li>Items of expenditure crucial for implementing the project. </li></ul><ul><li>Administrative and recurring costs including core staff’s salary and other miscellaneous expenditure </li></ul><ul><li>Items such as expenditure on patenting the product and other statutory levies </li></ul><ul><li>Capital Expenditure for buildings, vehicles, etc. will not be generally considered and be part of the innovator’s contribution. Exceptions in the case of hilly areas and resource poor regions. </li></ul><ul><li>Rent for Common Service Centers, Common Work sheds for workers, etc. on merits. </li></ul>
  14. 14. <ul><li>Quantum/Mode of Assistance </li></ul><ul><li>Innovator encouraged to bring in own contribution to the maximum extent possible for the project (including support from other possible sources) </li></ul><ul><li>Only the balance subject to a maximum of 90% of the project cost can be considered for funding </li></ul><ul><li>Funding can be made by way of grant, loan, venture capital assistance, etc. or a combination. </li></ul>
  15. 15. Preferred sectors <ul><li>Dry land / rain fed farming </li></ul><ul><li>Innovative rainwater harvesting for rural dwellings </li></ul><ul><li>Rural energy from biomass/ agricultural wastes, Techniques for increasing the value of crop residues and non-crop bio mass </li></ul><ul><li>Community regulation of distribution and use of water and energy </li></ul><ul><li>Storage devices for agricultural and rural products </li></ul><ul><li>Innovative methods of managing Common Property Resources. </li></ul><ul><li>Materials and designs for rural roads and Rural sanitation and waste disposal. </li></ul>
  16. 16. Progress so far <ul><ul><li>Projects sanctioned all over India (no.s) - 120 </li></ul></ul><ul><ul><li>Funding support - 2400 lakh </li></ul></ul><ul><ul><li>Projects sanctioned in Gujarat (nos.) - 8 </li></ul></ul><ul><ul><li>Funding support - 75 lakh </li></ul></ul>
  17. 17. General shortcomings noticed <ul><ul><li>Lack of innovative element </li></ul></ul><ul><ul><li>Pure research without field applicability </li></ul></ul><ul><ul><li>Very high project outlays </li></ul></ul><ul><ul><li>Bankable commercial ventures </li></ul></ul><ul><ul><li>Not environmental friendly. </li></ul></ul>

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