Nabard extends helping hands to farmers

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The National Bank for Agriculture and Rural Development (Nabard) gave Rs 2,691.28 crore for cropping operations to farmers through credit cooperatives, Rs 58.4 crore for agricultural investments and Rs 18.48 crore for non-agricultural purposes in the last fiscal.

Nabard chief general manager K K Gupta said: “Under the Government of India Scheme (UGIS), the cooperatives during 2012-13 provided Rs 46.92 crore for interest subvention and Rs 67.9 crore for incentive to farmers for regular repayment of their dues.”

He also added: “During the year grant of Rs 137 lakh was provided to 11 District Central Co-operative Banks (DCCBs) for promotion of 8,700 Joint Liability Groups (JLGs) of landless farmers, oral lessees and sharecroppers. The scheme of kisan credit cards has also been revised so as to provide smart cards to the farmers to avail loans through ATMs or pay for agricultural inputs directly through point-of-sale machines.”

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