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NABARD helps State with Rs 4,486 cr during 2017-18

| | RAIPUR | in Raipur

The National Bank for Agriculture and Rural Development (NABARD) has assisted Chhattisgarh with Rs  4,486 crore during the financial year 2017-18.

This was 76% higher than that of the assistance given during last two years.

Addressing a press conference here, NABARD Chief General Manager (CGM) Chhattisgarh Zone, N.P. Mahapatra informed reporters that during  2017-18 that  NABARD disbursed an amount of Rs 1087 crores to Chhattisgarh for supporting Rural Infrastructure in the State under RIDF which includes innovative projects like Protected Farming, 25000 Solar Powered Irrigation Pump Sets under ‘Saur Sujala Scheme’ and other traditional projects.

Under ‘Saur Sujala Scheme’, targetted beneficiaries were mainly small farmers in un-electrified areas of remote habitations. The solar pumps of 5 hp provided to them under the scheme deliver about 1,24,000 liters of water per day with 70 meters dynamic head, he said.

The farmers were thus free from the burden of electricity charges, Mahapatra said.

Citing contribution of NABARD in development of Chhattisgarh state the official informed in another ambitious project under Long Term Irrigation Fund (LTIF), NABARD identified three major irrigation projects namely Kelo, Kharung and Maniyari with project cost of Rs 716 crore, .The State's Share in it was Rs 525 crore while Centre assisted Rs 191 crore.

The Ministry of Agriculture had already signed MoU with Chhattisgarh government to avail financial assistance. The sanction is under process, he said.

NABARD also assisted in establishing a Food Park in State. It has sanctioned loan of Rs 40.35 crore to M/s. Indus Best Mega Food Park, a designated mega food park approved by Ministry of Food Processing Industries, Government of India, in Tilda block, he said.

It had also supported short-term credit  to farmers under direct lending to Cooperative Bank under which Raipur District Cooperative Bank has been sanctioned Rs 30 crore he informed.

The CGM further informed that apart from it, Rs 77 crore has been disbursed under Warehouse Infrastructure Fund (WIF) for construction of 53 rural godowns with a storage capacity of 3 lakh MT in Chhattisgarh State, Mahapatra said. In another big assistance to the State, NABARD disbursed Rs 1500 crore to Chhattisgarh Marketing Federation (CGMARKFED) for Paddy Procurement in the State. NABARD has also sanctioned Rs 902.63 crore to Chhattisgarh State Power Transmission Company Ltd (CSPTCL) for establishment of Substations & Power Transmission Systems for providing electricity in rural areas, Mahapatra said.

NABARD is promoting FPOs to enable them to get better prices of their produce and avoiding distress selling of produce NABARD has sanctioned 57 FPOs with 24123 Farmers as members. Rs 1.80 crore has already been disbursed to the FPOs in Chhattisgarh, he said.

In a bid to increase income of tribal farmers, 80 WADI projects with support of Rs 265 crore are under implementation in 18 districts covering 53000 tribal families, Mahapatra said.

“Watershed development involves soil and water conservation and other interventions for betterment of people in the watershed villages. During 2017-18, Rs 419.35 lakh was released from Watershed Development Fund” Maha-patra said.

Mahapatra further informed that NABARD has launched a project ‘E-Shakti” a digitization scheme to facilitate banks to take informed credit decision on real time basis to increase the credit flow to Self Help Groups (SHGs). In Chhattisgarh state, the project is being implemented in Bilaspur, Durg and Mahasamund Districts during the year 2017-18. The real time SMS alerts through digitization brought transparency in the operations, transactions and build confidence among the SHG members.

 
 
 
 
 

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