Under rural bridges and road project, construction of seven bridges and one road would be undertaken in Ambala, Panchkula, Sonepat, Yamunanagar and Panipat districts of Haryana involving RIDF (Rural Infrastructure Development Fund) loan of Rs 28.25 crore, the official spokesperson said.
The sanction includes assistance for construction of two rural drinking water supply projects, strengthening/ rehabilitation of 1,614 rural roads and modernisation of three major irrigation projects, a NABARD spokesperson said.
The funds raised by NABARD would ensure a lending rate of six per cent per annum for the implementation of the 99 Accelerated Irrigation Benefits Programme (AIBP) works, along with their command area development (CAD) works, an official statement said.
Behera, who attended a function marking 36th Foundation Day of National Bank for Agriculture and Rural Development, lauded the role of NABARD in the state. He urged the Nabard to take awareness programmes on financial management, water and soil conservation in a proactive manner.
"It is a fact that people in the unorganised sector are much higher than the organised sector, but the former gets credit with a lot of difficulty," he said at an event organised by the National Bank for Agriculture and Rural Development (Nabard) here.
The meeting will be held in New Delhi and besides UP and Maharashtra, representatives of farmer commissions from Kerala, Karnataka, Punjab and Haryana will discuss the issue of prevailing agrarian crisis with the government think-thank, he said in a release here.
Nabard chairman Harsh Kumar Bhanwala called on Haryana Chief Minister, an official release said. In the meeting, Chief Minister showed keen interest in providing basic infrastructure facilities in rural areas at par with urban areas.
It is targeting to disburse up to Rs 10,000 crore under this in the current financial year, a senior Nabard official said.
"Debt waivers create a moral hazard from a credit repayment perspective and we cannot have omnibus waivers," chairman Harsh Kumar Bhanwala told reporters here, a week after UP government announced a Rs 36,000-crore farm loan waiver package.
Around four crore rural families are facing housing deprivation as per the Socio Economic and Caste Census, 2011 and 2.95 crore more houses are required to be built to achieve the target of housing for all by 2022, the government said today.
This is 14 percent higher than the credit projection made for the year 2016-17 by the National Bank for Agriculture and Rural Development (NABARD).
"The average of last five years was 81.75 lakh metric tons. This year the expected foodgrains production is 84.66 lakh metric tons. It will come, there is no doubt," he said in the Legislative Assembly during a budget discussion.
These facilities will be part of the national cold chain grid being created to transfer perishables from farm areas to consumers seamlessly, the minister said.
A Government release quoted Agriculture Secretary Parthasarathi as saying agriculture in the state is rain-fed and about 42.82 lakh acres depend on borewells for irrigation.
Finance Minister Arun Jaitley's Budget 2017 speech was fairly well-focused on providing an impetus to the rural India. Proposals for farm and dairy sector will only add to increasing income potential of rural India, said NABARD Chairman Dr Harsh Kumar Bhanwala.
Reacting to the proposals in the Budget presented by Finance Minister Arun Jaitley today, he praised the Centre's move to bring "much-needed" reforms in political funding by making political parties file income tax returns, and lowering the maximum cash donation received by any party from one source to only Rs 2,000 from Rs 20,000.
"The Budget focuses a lot on the rural and agriculture sector. Though the thrust on digital continues, reforms announced in the Budget will generate employment and help in doubling farmers income," chairman Harsh Kumar Bhanwala told PTI.
The government fixed agri credit at a record of Rs 10 lakh crore and committed to double farmer income in next five years.
Finance Minister Arun Jaitley Wednesday, announced a spate of initiatives in the agriculture sector with an increased outlay of Rs 10 lakh crore for FY18 as he presented the Union Budget for 2017-18.
Cabinet today permitted Nabard to raise about Rs 20,000 crore from the market for on-lending to cooperative banks at 4.5 percent interest with an aim to provide cheaper crop loans to farmers.
A decision in this regard was taken at the Cabinet meeting, chaired by Prime Minister Narendra Modi, to help farmers who faced hardships because of scrapping of Rs 500 and Rs 1,000 notes from November 8 mid-night.
According to the 'State Focus Paper,' released by Chief Minister Pinarayi Vijayan in the State Credit Seminar organised by NABARD here last evening, the credit potential for the year 2017-18 is an increase of 7.38 per cent over the previous year.
Kerala Chief Minister Pinarayi Vijayan today asked Reserve Bank of India to change its stand towards state Cooperative sector in the wake of an admission by the apex bank that there was no black money in the cooperatives.
SBI signed memorandum of understanding with the Gujarat Government for extending bank credit especially in priority sector. Under the MoU country's largest lender will give Rs 30,000 crore worth loans over two-year period, officials announced at the Summit here.
Government has given a one-time relaxation to banks for submission of online applications for claims under Credit Linked Capital Subsidy Scheme (CLCSS), due to their heavy workload post demonetisation.