The National Bank for Agriculture and Rural Development (Nabard) proposes to disburse over Rs 1.35 lakh crore for its business initiatives this fiscal .
Of this, refinance of production credit (crop loan) would be about Rs 80,000 crore and investment credit refinance, at Rs 17,000 crore. Disbursement for rural infrastructure development fund and warehousing are expected to be about Rs 25,000 crore. Other business segments would receive Rs 11,500 crore, a Nabard release said.
Rs 1.07 LAKH CR IN FY13
Nabard financed banks, State Governments and other agencies Rs 1.07 lakh crore in FY13 as against Rs 81,000 crore disbursed in FY12.
The rise is due to increased support to cooperative banks and regional rural banks for production (crop loan) credit support and maintenance of the growth trajectory in other business verticals.
The aggregate assets held by Nabard rose to Rs 2.13 lakh crore as of March 31, 2013, from Rs 1.82 lakh crore in the previous fiscal.
Nabard said it continued to extend support to a wide range of institutions such as the co-operative banks, regional rural banks, commercial banks, State Governments, Union Government, NGOs, voluntary organisations and others.
In refinance, the production credit (short-term loans) to co-operatives and RRBs was Rs 66,180 crore (Rs 48,000 crore) in FY13. The state co-operative banks and RRBs in Punjab, Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Uttar Pradesh and Karnataka received a major share of this refinance.
Investment credit for capital formation in agriculture and allied sectors, non-farm sector activities and services sector accounts for Rs 17,674 crore (Rs 15,424 crore). Rural infrastructure loans disbursed to State Governments was Rs 16,292 crore (Rs 14,970 crore) in 2012-13.