NABARD EXTENDS FINANCIAL SUPPORT OF RS.19718 CRORE TO HARYANA DURING FY 2021-22

ABARD Haryana Regional Office has extended financial supnport

of Rs.19718 crore for agriculture and rural development in the State of Haryana during the Financial Year 2021-22. The total financial support had been given to various stakeholders under different NABARD schemes. NABARD boosted capital formation through refinance support by extending Rs.3175 Crore to Commercial Banks and RRB in the State. In order to provide timely and cheap credit assistance for carrying out crop production, Rs.6177 crore was provided to Cooperative Banks and RRB in the State. An amount of Rs.139 crore was provided to District Central Cooperative Banks (DCCBS) of Haryana under Direct Refinance Assistance for meeting other credit requirements. NABARD’S refinance played an important role in improving the GLC of the State by almost 13% in Y-O-Y position.

For improving rural infrastructure encompassing connectivity, agriculture and social sectors, NABARD had sanctioned Rs.1887 crore and released Rs.1410 crore under RIDF. This was the highest-ever support to the State Government under RIDF with an increase of 67% in support over 2020-21.

For creation of additional Warehousing facilities in the state, financial assistance of Rs.76.86 crore was disbursed to the Haryana State Warehousing Corporation(hswc) and Haryana State Cooperative Supply & Marketing Federation Limited (HAFED) for development of storage infrastructure under Warehousing Infrastructure Fund (WIF).

For supporting procurement activities of HAFED and HSWC, Rs.7700 crore was released under Credit Facility to Federations (CFF). For creation of food processing infrastructure, NABARD released Rs.32.40 crore to HAFED and HSIIDC (Haryana State Industrial & Infrastructure Development Corporation) for establishing Mega Food Parks at IMT, Rohtak and at Barhi, Sonepat. An amount of Rs.63.96 crore under NABARD Infrastructure Development Assistance (NIDA) was released to Haryana Vidyut Prasaran Nigam Limited (HVPNL) for creation of transmission infrastructure in the state. Under Developmental initiatives, NABARD Haryana released a total grant assistance of Rs.979.34 lakh for supporting various development initiatives in farm sector, off- farm sector, skill development, financial literacy, PACS development and programmes on employment generation. Besides this, NABARD has been implementing several innovative farm sector projects including ‘Pilot Project on Judicious Use of Pesticides for Basmati Crop’ for production of export compliant Basmati rice, ‘Upliftment of reproductive and health status of indigenous female calf’ to enhance the reproductive efficiency and ‘Establishing Goat Breeding cum marketing centre in Rewari district’.