NABARD nd Foundation Day: Cooperative Minister Amit Shah from NABARD next 25 Have asked to fix the target of financing agriculture sector and rural development for the year. At that time India will complete 106 years of its independence. Shah has opened the National Bank for Agriculture and Rural Development (NABARD) Addressing the program organized on the foundation day, said that all the employees of the organization should be involved in setting the target. Shah said that NABARD, which is engaged in development activities of finance and refinance in rural India, should fix targets keeping in view its past performance and future requirements. He also underlined the need for cooperation among cooperative organizations to promote rural development.

Rural economy is not imaginable without NABARD Home Minister Amit Shah said that 81 A country with 100% rural population cannot prosper without NABARD. Highlighting the achievements of this organization, which has played an important role in agricultural development and financing of rural infrastructure, he said, today a situation has come that we cannot imagine the rural economy without NABARD. The minister also appreciated the work being done by NABARD to promote Self Help Groups (SHGs) and help villages become self-reliant. NABARD July, Agricultural Credit Operations of the Reserve Bank of India and the erstwhile Agricultural Refinance and Development Corporation (ARDC) came into existence by transfer of its refinance functions.

Agriculture in 2300 The short term loan in finance was only 2300 crores of Rs.

Amit Shah further said in his statement that, 2300 Agricultural Finance The short term loan was only 776 crores in 2010, which today is Rs. It has become lakh crore rupees. On the other hand, if we talk about long term loan, then this amount was Rs 1 crore, which today Crores has been done. (with language input)

In 1982, the short-term credit in agricultural finance was just Rs 896 crore, which has become Rs 1.58 lakh crore today. On the other hand, if we talk about long-term loans, then this amount was Rs 1 crore, it has become Rs 2300 crore today: Union Home Minister Amit Shah https://t.co/cumS1HlhRW pic.twitter.com/SPL1NrBvLp

— ANI (@ANI) July 12, 2023 Amit ShahPublished Date

Wed, Jul 12, 2023, 8: 43 PM IST