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).
Speaking to CNBC-TV18 Ratna Vishwanathan, CEO of Microfinance Institutions Network said that it is a good step for the farming sector.
In a media interaction Economic Affairs Secretary Shakthikanta Das announced another set to measures to combat the distress resulting from the government‘s demonetisation move.
Nabard has sanctioned Rs 57.49 crore for a 10 MW Photo Voltaic Solar Power Plant at Panipat Thermal Power Station (PTPS), Panipat.
The National Bank for Agriculture and Rural Development (Nabard) had reported a net profit of Rs 2,403.26 crore in 2014-15.
A high-level delegation from the Economic Cooperation and Development (BMZ) Ministry of Germany, led by Stefan Schmitz, Commissioner, was here in connection with the programme, a release said.
The long-term refinance disbursements from Nabard to banks for financing agriculture and allied activities touched a new high at Rs 6,766.90 crore in the state- a record growth of 60 percent over previous year, it said.
Most of the funds were mobilised for expansion to support working capital requirements and other general corporate purposes.
Most of the funds have been mobilised for expansion, to support working capital requirements and for other general corporate purposes.
The bonds will offer coupons of 7.29 percent and 7.64 percent respectively to retail investors, Nabard said in a statement here.
"NABARD is proposing fund raising through issue of secured, redeemable, non-convertible bonds up to Rs 5,000 crore for the financial year 2015-16," the agency said in a BSE filing.
According to an official statement issued by National Bank for Agriculture and Rural Development, Indo-German Watershed Development (IGWDP) projects (are located) in three states- Gujarat, Rajasthan and Telangana, and Nabard-assisted watershed projects under Watershed Development Fund (WDF) in Madhya Pradesh.
The funds have been sanctioned for 'Rehabilitation of JLN feeder system' in three districts of Jhajjar, Rewari and Mahendergarh, NABARD Chief General Manager (Haryana) P C Chaudhri said here. The objective of the project is overall growth of southern districts of the state and a higher per capita income for farmers.
Watch accompanying videos of Mint Financial Inclusion Conclave 2015 wherein experts talked about Jan Dhan Yojna Scheme in India.
The project would help people to get safe drinking water and protection from fluorosis due to contamination of fluoride in ground water, the release added.
The bank would also back agro-related activities, greenhouse-based cultivation, connectivity of rural bridges as well as building social infrastructure, among others, the release said.
The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 236.18 crore as loan assistance to the government of Karnataka for building 82 minor irrigation structures, 189 rural roads and 42 rural bridges in different districts.
Presenting the Union Budget for 2012-13, Finance Minister Pranab Mukherjee said the agricultural sector will continue to remain a priority for the government.
Loans disbursed to state governments by the National Bank for Agriculture and Rural Development (NABARD) crossed the Rs 1,00,000 crore mark cumulatively and stood at Rs 1,02,844 crore as on September 30.
Farm loan disbursal is expected to exceed the target of Rs 4.75 lakh crore and touch Rs 5.20 lakh crore in 2011-12 on the back of good monsoon, National Bank for Agriculture and Rural Development said today.
Loans to Maharashtra farmers may be hit this year, reports CNBC-TV18 quoting sources in National Bank for Agriculture and Rural Development (NABARD).
National Bank for Agriculture and Rural Development today signed a MoU with all cooperative banks in Punjab to launch core banking solution (CBS).
National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 288.682 crore as loan assistance to Karnataka Government for building up of rural infrastructure in various districts of the State.