Académique Documents
Professionnel Documents
Culture Documents
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Client Institutions
Credit related Development oriented
Scheduled Commercial Banks Regional Rural Banks
Regional Rural Banks State Cooperative Banks and District
Central Co operative Banks
State Cooperative Banks and District
Central Cooperative Banks State Cooperative Agriculture and Rural
Development Banks
State Cooperative Agriculture and Rural
Development Banks Non Governmental Organizations and
Voluntary Agencies
Primary Urban Cooperative Banks
Rural Development and Self-Employment
Non Banking Finance Companies
Training Institutes
State Governments
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districts in the country. It maps the potential operations, banks follow production-oriented
available for development in agriculture and system of lending. The assessment of credit
rural sectors in the districts and projects the requirement is based on area under different
credit requirements, taking into account the crops and crop wise scales of finance.
long term physical potential, infrastructure
NABARD provides refinance by way of credit
available and planned, extension services,
limits for financing seasonal agricultural
marketing support, credit absorption capacity
operations at concessional rate of interest
and the strength and capabilities of the
to State Cooperative Banks (SCBs) and
Rural Financial Institutions (RFIs). The PLPs
Regional Rural Banks (RRBs).
now form the basis for preparation of
Annual Credit Plan at the district level by
Interest Subvention
banks.
During the year 2008-09 GoI provided 3%
State Level Planning interest subvention to banks to ensure
availability of crop loans upto Rs.3 lakh
State Focus Paper which presents, inter alia,
to farmers at 7% interest. NABARD
a comprehensive picture of the potential
coordinated the interest subvention scheme
available in each state for development of
in respect of cooperatives and RRBs.
agriculture, allied and other rural sectors
which could be exploited with institutional As per the budget announcement for 2009-
credit and also critical gaps in infrastructure 10, interest subvention of 2% per annum
and support services which need to be filled is available to the banks and additional
in, is prepared. interest subvention @ 1% would be given
to those prompt paying farmers who repay
State Credit Seminars are convened annually their ST crop loans within one year.
by the Regional Offices of NABARD, where
the State Government Departments and
A pilot scheme to provide short term
agencies, banks, voluntary agencies NGOs,
refinance to State Cooperative Agriculture
etc., participate and discuss policies and
and Rural Development Banks (SCARDBs)
operational measures required for addressing
introduced in 3 states was extended to cover
the constraints in development of the potential
all SCARDBs in the country. During the year
available in agriculture, allied and other rural
2008-09, refinance was extended to Kerala
sectors in the state and channelising credit.
and Rajasthan SCARDB at 4.5% for lending
These seminars are aimed at action planning
to the ultimate borrowers at 7%.
by all concerned to promote development
of rural areas through credit and non-credit Short Term (ST) - Others
support services. Banks, State Governments
Refinance support is extended for various
and other agencies refer to this document in
other activities, other than SAO, to:
their planning process.
Cooperative Banks for financing:
National Level Planning ● Agriculture, allied and marketing activities,
NABARD facilitates GoI, RBI and State ● Marketing of crops,
Governments to evolve policy decisions on ● Pisciculture,
credit flow to agriculture and rural development. ● Industrial cooperative societies (other than
weavers),
Credit functions and Clients ● Labour contract and forest labour
cooperative societies including collection
Short Term (ST) Credit of minor forest produce,
● Rural artisans including weaver members
Seasonal Agricultural Operations of functional societies, viz., PACS/LAMPS/
(SAO) FSS,
To ensure timely availability of credit to ● Procurement of agricultural inputs
farmers for taking up seasonal agricultural (fertilisers, seeds, etc.).
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Eligible Institutions
NABARD sanctioned short term loans
of Rs.19627 crore to SCBs and RRBs for NABARD provides refinance support to
production purposes during 2008-09 against SCARDBs, SCBs, RRBs, CBs, Scheduled
which maximum outstanding was Rs.17212 Primary Urban Cooperative Banks, North
crore. NABARD also sanctioned Rs.5255 East Development Finance Corporation Ltd.,
crores as liquidity support to SCB and (NEDFI), Non Banking Financial Companies
RRBs during 2008-09 as against maximum (NBFCs), etc., in respect of their term loans
outstanding was Rs.4269 crore. extended in the rural areas.
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Cofinancing
During 2008-09, NABARD executed
Memorandum of Understanding with three
RRBs and West Bengal State Cooperative
Bank. Twelve new projects were sanctioned
with total financial outlay (TFO) of Rs.94.96
crore, bank loan of Rs.64.56 crore and
NABARD’s share of Rs.31.55 crore during
the year 2008-09. Of these projects, ten
have been sanctioned in association with
RRBs and two with CBs, covering activities
Expected benefits as at the end of such as button mushroom production,
March 2009 under RIDF cultivation of herbs, setting-up of Individual
Quick Freezing Plant, modern rice mill, dairy,
l Creation of additional irrigation potential agri infrastructure, fodder processing and
in 144.97 lakh ha, veterinary college. Cumulatively, 40 projects
l Addition of 2.73 lakh kms of rural road involving TFO of Rs.736.11 crore, bank loan
network and 5.06 lakh meters bridge of Rs.486.28 crore and NABARD’s share of
length, Rs.214.11 crore have been sanctioned as
on 31 March 2009. An amount of Rs.36.95
l Contribution to the GDP to the tune of
Rs.19467 crore, crore was disbursed during the year under co-
financing arrangement showing an increase of
l Generation of recurring employment 35% over the previous year.
of 70.55 lakh jobs and non recurring
employment of 65353 lakh person days. Thrust Areas
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(No. lakh)
Commercial Cooperative
Banks Banks RRBs Total
Watershed Development
Watershed development has proved to be
a comprehensive approach to enhance
productivity of dry land through conserving soil,
rainwater and vegetation. NABARD has been
actively supporting Watershed Development
which covered 1.7 million ha under various
Indo German Watershed Development
Programmes. NABARD’s Participatory
Programme (IGWDP) is being implemented
Watershed Development Programme has
since 1992 in Maharashtra through NGOs and
been considered as a pioneering model
village level community based organisations.
in community based Natural Resources
IGWDP has also been extended to Andhra
Management.
Pradesh, Gujarat and Rajasthan.
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refinance support to eligible banks to augment associating Rural Development and Self
credit flow to housing sector. The individual Employment Training Institutes (RUDSETI),
loan ceiling for a new housing unit is Rs.15 banks and voluntary agencies in the conduct
lakh and Rs.5 lakh for renovation/repairs. of training programmes.
Refinance provided by NABARD under rural
District Rural Industries Project (DRIP)
non farm sector during 2008-09 was to the
District Rural Industries Project was launched
tune of Rs.2706.79 crore including Rs.268.47
in 1993-94 in 5 select districts (Gwalior in
crore for rural housing.
MP, Kurnool in AP, Ganjam in Orissa, Sawai
Promotional Support Madhopur in Rajasthan and Sabarkantha
Promotion of rural non farm sector is in Gujarat) with the objective of generating
recognised as an important and necessary sustainable employment opportunities
adjunct to NABARD’s refinancing function. through promotional measures together
The objective of the promotional programmes with enhanced credit flow to Rural Non-
is to create replicable models to generate Farm Sector in a coordinated manner.
and enhance opportunities for employment Under the project, a common action plan is
and income generation in rural areas in a prepared and implemented in coordination
sustainable, demonstrative and cost effective with the Government and non governmental
manner. NABARD provides grant, grant cum agencies involved in the promotion of rural
loan assistance to Rural Development and Self industrialisation in the selected districts. The
Employment Training Institutes (RUDSETI), success of the pilot resulted in adding more
NGOs, voluntary associations, trusts and districts under the project from 2001-02 over a
other promotional organisations, etc. period of 5 years. This resulted in coverage of
106 districts as at the end of March 2007 and
Rural Entrepreneurship Development facilitated setting up of more than 34.17 lakh
Programme (REDP) units and created employment opportunities
Rural Entrepreneurship Development for over 43.29 lakh persons with a ground level
Programme (REDP), introduced on an credit flow of Rs.25,206.05 crore as on 31
experimental basis in the early nineties, as March 2009.
a means to support capacity building of rural
unemployed youth to enable them to set up Scheme for constructing /
their own enterprises, has proved itself as a Strengthening Rural Haats
successful model for employment generation Rural Haat scheme was introduced in 1999
in rural areas. A grant assistance of Rs.1303.60 to boost marketing of rural farm and non
lakh was sanctioned for conducting 2083 farm products extended to all the Districts
REDPs/SDPs benefiting 0.30 lakh persons, and in addition to PRIs/ PACS, VDBs, NGOs,
during 2008-09. The cumulative grant SHGs Federation and VBBs made eligible
assistance provided for conducting 11,905 for assistance under the scheme during the
REDPs/SDPs benefiting 3.00 lakh persons year. The grant assistance at 90% of the
amounted to Rs.6039.53 lakh. project cost or Rs.5 lakh, whichever is lower,
The Rural Entrepreneurship Development is extended to implementing agencies for
Programme has been institutionalised by providing minimum infrastructure facilities
like raised platforms with shed, drinking water
facilities, cycle stand, toilets, etc., in the new
or existing haats.
During 2008-09, 46 rural haats have
been sanctioned with a grant assistance
of Rs.185.90 lakh, raising the cumulative
sanction to 101 haats with a grant assistance
of Rs.330.81 lakh as at the end of March 2009.
Rural Mart
A scheme for setting up of marketing outlet
known as ‘Rural Mart’ at district and sub-
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to get exposure to urban markets and banking system. This SHG- Bank linkage
fine tune their product range, marketing model has emerged as the largest and
strategies according to the emerging market fastest micro finance out reach programme in
preferences. 213 such Interventions were a cost effective manner in the world.
supported during 2008-09.
The social intermediation in forming and
Training Programmes for client nurturing the self help groups is handled
institutions by a large number of non governmental
organisations, voluntary agencies,
To enable the client financial institutions, viz.,
community based organisations like
RRBs and Cooperative Banks, to diversify
farmers’ club, local bodies, field level
their loan portfolio and accelerate the
functionaries of government agencies,
credit flow to rural non-farm sector, training
socially committed individuals and bodies
programmes are supported and funded
and banks themselves. Commercial
by NABARD. During the year 2008-09, 45
banks followed by RRBs and cooperative
training programmes were conducted through
banks also play an important role in credit
training centres of NABARD and RBI for
linking the SHGs. NABARD provides grant
1,050 officers of rural financial institutions.
assistance to various partner agencies
in promoting and nurturing of SHGs, and
Swarozgar Credit Card (SCC) Scheme
extends refinance support to banks against
The Swarozgar Credit Card scheme their loans to SHGs. NABARD also takes
envisages adequate and timely credit, both lead in providing financial and other support
working and block capital, to small artisans, for capacity building, sensitising and training
handloom weavers, service providers, the personnel of all the partner agencies
fishermen, self-employed persons, rickshaw including banks.
owners, other micro entrepreneurs in
rural and urban areas, in a flexible, hassle With the success of the SHG-Bank linkage
free and cost effective manner from the programme, linkage of Micro Finance
banking system. This facility also includes Institutions (MFIs) with the banking sector
a reasonable component for meeting was promoted by NABARD to enable on-
consumption needs. 9.84 lakh cards have lending by MFIs to SHGs and individuals.
been issued cumulatively by banks involving
The overall progress of the micro finance
a credit limit of Rs.4,007.33 crore, as at the
programme is presented below:
end of March 2009.
Particulars 2008-09
No. Amount
Micro Finance (Rs. crore)
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and supporting the existing ones. During Federations were formed. Phase II of the
2008-09, grant assistance of Rs.1,768.53 project was launched on 01 January 2009.
lakh was sanctioned to various agencies 8,467 SHGs have been promoted under
for promoting 59,359 groups, taking the phase II, of which 3,378 SHGs have been
cumulative assistance sanctioned to Rs. credit linked to banks.
7,887.90 lakh for 4,21,478 groups. As on
31 March 2009, an amount of Rs. 3,275.62 Micro-Finance Vision 2011
lakh was released and 2,06,040 SHGs credit
During 2008-09, an amount of Rs.39.15
linked to banks.
lakh was sanctioned by NABARD for
implementing the project ‘Micro-Finance
Capacity building of partner agencies Vision 2011’ by the Government of
Capacity building of stakeholders is crucial Arunachal Pradesh. Further, a sum of
for up-scaling the SHG movement and Rs.33.66 lakh was sanctioned to the
maintaining the quality & sustainability Essomi Foundation Trust for setting-up a
of SHGs. With a view to fine tuning the Resource Centre at Itanagar which shall
strategies for up-scaling support to the MF provide policy, operational inputs, capacity
sector, three zonal workshops covering building support and marketing linkages
NABARD’s own staff were also conducted among the SHGs.
at Hyderabad, Lucknow and Patna. Besides
during the year, NABARD supported conduct State Support Project on SHGs
of number of capacity building programmes The ‘State Support Project on SHGs’
for SHG members, officers of commercial designed by the Government of Tripura
banks/cooperative banks/RRBs, PRI, IAS and supported by NABARD was launched
Officers and government officials. in December 2008. The project aims to
An expenditure of Rs. 18.73 crore was credit link 11,500 existing SHGs, forming
incurred during 2008-09 on various and credit linking 35,000 new SHGs and
promotional activities as against Rs.13.32 promote livelihood activities among its 3 lakh
crore in the previous year. members upto 31 March 2012. NABARD
will provide technical and capacity building
support, besides helping in designing
Rajiv Gandhi Mahila Vikas Pariyojana
systems and procedures for smooth
in Uttar Pradesh
implementation of the project.
The Rajiv Gandhi Mahila Vikas Pariyojana
(RGMVP) is a special project implemented
with the initiative of Rajiv Gandhi Charitable
Micro-Enterprise Promotion by SHGs
Trust (RGCT) in select districts of UP. It
Support to Activity Based Groups
envisages promotion, credit linkage and
(ABG)
federation of SHGs by replicating SHG.
Institutional model under UNDP - South A scheme for supporting small-scale activity
Asian Poverty Alleviation Programme based groups was introduced during
(SAPAP) in Andhra Pradesh in collaboration 2008-09 under which capacity building,
with Society for Elimination of Rural Poverty production and investment credit and
(SERP). The project envisages promoting market related support would be extended
and credit linking of 22000 SHGs, 1100 by NABARD. The scheme focuses on
cluster level association and 44 block forming and nurturing groups engaged in
level associations in coordination with similar economic activities i.e. farmers,
participating banks and implementing NGOs. handloom weavers, fishermen craftsmen.
NABARD support will be in the form of
As on 31 March, 2009, 7,808 SHGs have grant for group formation, training extension
been promoted under RGMVP in Sultanpur, services, market linkage. Loan from banks
Raebareli and Barabanki districts of which would cover investment activities and
3,972 SHGs were credit linked. 273 Village working capital needs. NABARD refinance is
Level Federations and 14 Block Level available to banks against their financing to
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such activitiy based groups on similar line as at liberty to join, become self-managed
in SHGs. over three years, etc. Support to the
Federation is extended by way of grant for
Micro-Enterprise Development training, capacity building, exposure visits
Programme of SHG members, etc., as also under all of
NABARD had launched the Micro- NABARD’s existing promotional schemes.
Enterprise Development Programme During the year, grant of Rs.11.54 lakh was
(MEDP) during 2005-06 for skill upgradation sanctioned to one Federation taking the
and development of sustainable livelihoods/ cumulative grant assistance to Rs.22.02 lakh
venturing into micro-enterprises by matured to four Federations as at end of March 2009.
SHG members. During the year, 564
MEDPs were conducted covering 14,030 Support to Joint Liability Groups
SHG members on location specific farm, With successful pilot project on financing
non-farm and service sector activities, JLGs through select RRBs and PCARDB
viz., beekeeping, soya-bean cultivation, by NABARD and based on the joint study
mushroom cultivation, organic farming, by NABARD and GTZ on the impact and
horticulture and floriculture, agarbatti- potential of JLGs, NABARD decided to
making, readymade garments, tailoring, upscale the programme and continued
beauty parlour, plate-making from areca- supportive / promotional interventions,
nut, jute crafts, screen printing, crotia and with a view to augmenting credit flow to
chicken work, mandap decoration, motor coil small, marginal and tenant farmers for
rewinding, lantana basket weaving, etc. As facilitating agriculture production and
on 31 March 2009, 1,313 MEDPs had been productivity.
conducted covering 33,205 participants.
Support to Micro-Finance Institutions
Pilot Project for Promotion of Micro- Recognising the role of MFIs in
Enterprises supplementing the efforts of the formal
Launched in 2005-06 in 9 districts banking network in providing credit support
viz., Ajmer (Rajasthan), Chandrapur to unreached clients for inclusive growth,
(Maharashtra), Kangra (Himachal Pradesh), NABARD supports them through grant
Madurai (Tamil Nadu), Mysore (Karnataka), and loan-based assistance from the Micro-
Panchmahals (Gujarat), North 24 Parganas Finance Development and Equity Fund
(West Bengal), Puri (Orissa) and Rae Bareli (MFDEF).
(Uttar Pradesh). Total 11,000 SHG members
from 1100 SHGs were identified for taking Revolving Fund Assistance (RFA)
up micro-enterprises cumulatively 6107 NABARD has been selectively supporting
(Prov.) micro-enterprises involving credit MFIs for on-lending to the unreached poor
support of Rs.535.44 lakh (Prov.) as on 31 as also experimenting with various MF
March 2009. models to innovate alternative, sustainable
and replicable credit delivery systems.
Support to SHG Federations During the year, RFA amounting Rs.6.35
Recognising the emerging role of the crore was sanctioned to four agencies taking
SHG Federations in nurturing of SHGs, the cumulative credit sanctioned to Rs.42.73
enhancing the bargaining powers of crore covering 37 agencies.
group members and livelihood promotion,
NABARD introduced during 2007-08, a Support for rating of MFIs
flexible scheme to support such Federations, NABARD provides assistance to commercial
on a model neutral basis. The broad norms banks and RRBs to avail the services of
identified for supporting SHG Federations rating agencies (CRISIL, M-CRIL, ICRA,
stipulate that the federations should be CARE and Planet Finance) for rating of
need based, member-owned/driven, MFIs. Under the scheme, NABARD meets
democratically managed with members the cost of rating to the extent of cent per
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cent of the professional fees subject to a l Any other incidental expenses will not be
maximum of Rs.1 lakh. The assistance is supported.
available for the first rating of MFIs with loan
outstanding exceeding Rs.50 lakh but less Pilot Projects
than Rs.500 lakh. Cumulatively, as at the To assess the suitability of various
end of year, rating support of Rs. 3.40 lakh innovative initiatives and also enhance the
has been extended to banks in respect of sustainability of MF activities, NABARD
four agencies. continued to extend support for various pilot
During 2008-09, the Bank introduced a new projects.
scheme to provide grant assistance directly
to MFIs for availing the services of credit SHG-Post Office Programme
rating agencies for their rating. The scheme The project aimed at utilising the vast
is operational across the country for one network of Post Offices in rural areas in
year, w.e.f. November 2008. disbursement of credit to rural poor, on
agency basis. An RFA of Rs.5 lakh for on-
Capital / Equity Support lending to 50 SHGs in East Khasi Hills
in Mizoram was sanctioned. The group
Under the scheme, financial assistance is
formation is under way. Cumulatively
provided to MFIs to leverage capital/equity
2,835 (13 accounts have been closed)
for accessing commercial and other funds
SHGs have opened savings accounts, of
from banks for providing financial services at
which 889 SHGs have been credit linked
an affordable cost to the poor, and achieve
by the participating Post Offices with loan
sustainability in credit operations over 3 to 5
amounting to Rs.213.11 lakh as on 31
years. During 2008-09, capital/equity support
March 2009.
amounting to Rs.11.75 crore was sanctioned
to 13 agencies taking the cumulative support
to Rs.21.00 crore covering 24 agencies
Financial assistance for developing
as on 31 March 2009. A new scheme of
software-MYRADA
capital support to Start-Up MFIs has been NABARD had sanctioned Rs.10.29 lakh
introduced during the year. to MYRADA for developing a software
for NGOs to help them understand the
Salient Features of scheme of Capital functioning/performance of SHGs. The
Support to Start-up MFIs software, NABYUKTI can generate report
relating to loans repayment performance
l The scheme is operational through out
and training-related activities and has been
the country for a period of one year.
made available without charges to all NGO
l MFI (i) with a minimum loan outstanding partners involved in the promotion and
of Rs.50 lakh, (ii) seeking capital/equity linkage of SHGs.
support and/RFA from MFDEF and (iii)
not possessing a current rating/grading Other Developments
report from any of the approved credit
The NABARD-KfW programme titled
rating agencies, are eligible for support.
‘Financial Cooperation with India-
l MFI not eligible for rating under the Capitalization Program SEWA Bank’
present scheme if rated earlier under being implemented in Gujarat is aimed
scheme for financial assistance to banks at improving access of poor women to
for rating of MFI. micro-credit on a sustainable basis, both
in rural and urban areas. The project is
l Grant assistance for rating/grading
being implemented by SEWA bank and
available only once for any MFI.
NABARD will act as the intermediary agency
l NABARD will reimburse 100% of the responsible for providing technical support
total professional fees paid by the MFI and undertaking periodic review, monitoring
subject to a ceiling of Rs.3 lakh. and supervision of the project.
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which have the potential to generate Clubs under the programme (iv) Prioritisation
employment opportunities in rural areas. of technological interventions to 3 or 4 areas
The focus of the Fund is on the rural poor such as like Soil and water conservation,
and innovations which may cover processes, improved productivity measures, organic
technology and products. farming, vermi composting, system of Rice
During 2008-09, 65 innovative projects were Intensification Technique (SRI), energy
sanctioned taking the cumulative number saving devices like solar technology, setting
of projects sanctioned to 97, spead across up of nurseries, production of hybrid seed
22 states. An amount of Rs.12.48 crore varieties, Bio-fertilizers, Bio- pesticides and
was sanctioned during the year, taking the replacement of old and obsolete pump sets
cumulative sanctions made till end-March etc,.
2009 to Rs.20.67 crore. A project Advisory Committee has been
constituted at H.O level to recommend the
Farmers’ Technology Transfer Fund proposals received under FTTF.
(FTTF)
The ‘Farmers’ Technology Transfer Fund’ Farm Innovation and Promotion Fund
(FTTF) was set up by NABARD, with a corpus (FIPF)
of Rs. 25 crore on 01 April, 2008 with the The Farm Innovation and Promotion Fund
objective of promoting transfer of technology (FIPF) with a corpus of Rs. 5 crore was
for production enhancement and productivity set up by NABARD in 2005 to promote
in agriculture and farm related activities like innovative and feasible concepts/ projects in
Animal Husbandry, Fisheries, information Agriculture and allied activities, development
dissemination linkages with market. The of marketable prototypes, technology,
Fund became operational from 01 April patenting, extension support, marketing etc.
2008. Operational Guidelines on FTTF During 2008-09 15 proposals were sanctioned
were issued to CMD’s of major Commercial in 7 states involving financial assistance of
banks, Co-operative Banks and Regional Rs.181.97 lakh of which Rs. 100.33 lakh
Rural Banks in June 2008. Assistance was grant and Rs. 81.64 lakh was soft loan
from the fund is extended for promotion assistance covering developmental areas
& transfer of technology, information such as Training cum awareness program
dissemination linkages with market, for Farmers on Commodity Exchange,
production enhancement and productivity Village Farm Development, Rainfed Rabi
in agriculture and farm related activities Cropping, Ultra High density Orcharding in
like Animal Husbandry, Fisheries, through Guava, Protected vegetable cultivation in
area based project proposals, workshops, Villages, Leveraging skills & resources of
seminars and capacity building programmes Rural Communities for creation of Livelihoods,
by organizing farmers informal association, Efficient management of Carbon and Plant
producers groups, joint liability groups. Nutrients under dry land agriculture etc,.
These interventions are expected to result in Cumulatively, as on 31 March 2009, 61
perceptible impact at ground level. Projects have been sanctioned involving
During 2008-09, 12 proposals were financial assistance of Rs. 462.17 lakh,
sanctioned in 6 states involving financial involving Rs. 323.79 lakh by way of Grant
assistance of Rs.233.31 lakh (Rs.161.31 and Rs. 138.37 lakh by way of Soft loan,
lakh as grant and Rs. 72 lakh as soft loan) since inception of the fund in April 2005. The
for implementation of developmental projects share of assistance sanctioned by way of
envisaging technology transfer and capacity grant and soft loan stood at 70.1% and 29.9%
building of farming community. Key steps respectively.
for identification of appropriate projects for Financial Package for Sugar Factories
funding support under FTTF were advised
to concerned ROs highlighting areas such Package for Restructuring of Term
as (i) Identification of one compact block Loans to Cooperative Sugar mills
in each state (ii) Synergy with PPID/ VDP Govt of India, Ministry of Consumer Affairs,
Programmes (iii) Centre staging of Farmers’ Food & Public Distribution had announced
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the revised Package on Restructuring of account of Harvesting & Transport Charges and
Term Loans of Cooperative Sugar Mills. All Short-margins on sugar stocks as appearing in
operational Cooperative Sugar Mills in the the books of the sugar mills as on 01.04.2007
country which had term loans outstanding as in to term loans upto a maximum period of 5
on 31 March 2005 and were commercially years without any reduction in the existing rate
viable with adequate operational surplus to of interest. No interest subvention is available
repay the rescheduled term loans are covered under the scheme. The scheme has been
under the package. The term loans were circulated among the Co-operative Banks by
restructured/rescheduled with repayment NABARD. The harvesting & transportation
within five years for Category A and 15 years charges aggregating to Rs 56.10 cr in respect
for Category B, including a moratorium of two of 7 CSMs in Karnataka & 2 CSMs in Orissa
years for payment of interest and principal. have been converted into term loan by SCBs.
The rate of interest on the restructured loans
has been reduced to 10% per annum, with Scheme for Providing Financial
effect from 1st April 2005. The Govt of India Assistance to Sugar Undertakings -
has agreed to provide interest subvention 2007
to the maximum extent of 3% . Term loans GoI have notified the Scheme for
provided by SCBs, DCCBs, Commercial Providing Financial Assistance to Sugar
Banks, Primary Urban Cooperative Banks Undertakings-2007 for enabling sugar mills
& other financial Institutions like IDBI, IFCI, to obtain loans for a period of four years with
NCDC, SDF etc are eligible for coverage moratorium of two years to pay their sugarcane
under the package. dues at SMP fixed / to be fixed by GoI for the
year 2006-07 and 2007-08 sugar seasons.
The loans to the extent of notional excise
duty payable for 2006-07 and 2007-08 sugar
seasons on the total sugar production will be
sanctioned to the sugar mills by banks which
are providing them working capital and interest
subvention to the maximum extent of 12% pa
available from GoI.
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421 districts across 25 States. Implementation extended under Farmers’ Technology Transfer
of 608 Village Development Plans (VDPs) Fund (FTTF). During 2008-09, 116 exposure
is in progress out of 690 VDPs prepared. visits involving 3048 farmers were arranged in
The remaining VDPs are in final stages of collaboration with select research institutes,
preparation. KVKs, and Agriculture Universities on bio-
globules, vermi-culture, bio-manures, organic
Pilot Project for Integrated farming, polyhouse technology, medicinal and
Development of Backward Blocks aromatic plant cultivation, etc.
(PPID)
The objective of PPID is to bring about
Farmers’ Club Programme
integrated development of backward NABARD launched Vikas Volunteer Vahinee in
blocks through credit and convergence of November, 1982 to promote the five principles
development programmes of various agencies. of “Development through Credit” and later
This would include economic development, in 2005 rechrischtened it as Farmers’ Club
infrastructure development and other aspects Programme by redesigning its mission as
of human development i.e., education, health, “Development of rural areas through credit,
drinking water supply, etc. This would naturally technology transfer, awareness and capacity
require the involvement of State Government building.” The five principles of Development
agencies (including Panchayats), banks, through Credit aimed to instill a better
NGOs, people’s organisations and other understanding of credit discipline and adopt
development agencies. The programme is the most suitable methods of science and
conceived to be implemented primarily by technology.
Regional Offices of NABARD through DDMs. The basic objective of the programme is to
The Project, which was initially implemented organise farmers in an informal organisation to
have a smooth access to credit and generate a
in 5 states covering 10 blocks was expanded
bargaining power to deal with agriculture input
over the years to cover a total of 139 blocks
suppliers and bulk produce buyers. Emphasis
across 16 states. However, keeping in view the
has been to expose farmers through the
similarities of interventions under PPID and
forum of Farmers’ Club to new technologies
VDP and based on the feed back received from
and agriculture practices and motivate them
ROs, it was decided that duration of PPID will
to adopt methods and technologies which are
normally be restricted to 3 years only, unless
most suitable to their soil and geographical
otherwise in specific cases and wherever ROs
situation.
deem fit to merge PPID and VDP, they may do
so under advice to HO and concentrate more
Farmers’ Club – Mission
on VDP. Following these developments, PPID
has been closed down in 29 blocks where it Development of rural areas through credit,
has completed three years and merged with technology transfer, awareness and capacity
VDP in 70 blocks. As on March 2009, PPID building.
was being implemented in 40 blocks across
6 states. Five Principles of “Development
through Credit”
Scheme for Capacity Building for • Credit must be used in accordance with
Adoption of Technology (CAT) the most suitable methods of science
NABARD has been implementing the and technology,
‘Scheme for Capacity Building for Adoption • The terms and conditions of credit must
of Technology’ (CAT) through exposure visits be fully respected,
and training to facilitate farmers to adopt new/
• Work must be done with skill so as to
innovative methods of farming. Farmers,
increase production and productivity,
preferably marginal and small are taken on
exposure-cum-training visits to innovative • A part of the additional income created
agriculture and allied sector projects where by credit, must be saved,
proven technologies are developed by research • Loan installments must be repaid in time
institutes, corporate houses, NGOs and and regularly so as to recycle credit.
progressive farmers/entrepreneurs. Support is
21
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During the year 2008-09 total 9,989 clubs cooperation under the UPNRM envisages a
were launched, taking the cumulative number shift from a project based approach to program
of clubs to 38,215 covering 87,724 villages in based approach with growing emphasis on
589 districts as on 31 March, 2009. achieving strategic impact on development
policies. It also envisages a gradual shift from
NABARD-GTZ Rural Finance grant to loan based funding modalities in
Programme bilateral collaboration.
The Gramin Tatkal Scheme (GTS) formulated The total estimated cost of the programme
in coordination with GTZ, working on ‘family as is Euro 22.4 million out of which KfW will
a unit’ concept, to provide financial assistance finance upto Euro 19.4 million and NABARD
for multiple activities of rural families, is being will contribute Rs. 16.5 crore ( Appx. Euro
implemented since 2006-07 on a pilot basis 3.0 million). In addition, under Technical
in eight States. The implementing banks have Cooperation (GTZ) will finance Euro 3.0 million
covered 7127 familities involving loan amount for capacity building, Information knowledge
of Rs.40.17 crore. The implementation and management (IKM), product development,
impact of the scheme are under review, etc. Technical cooperation of Euro 3.0 million
following closure of the pilot project on 31 has already been commissioned by BMZ
December 2008. (Federal Ministry for Economic Cooperation
and Development, Federal Republic of
Rural Tourism
Germany) through GTZ.
The tourism industry is one of the larget sources
of employment (with an estimated 7.8 million NABARD has since sanctioned six community
workers employed directly and over 18 million managed NRM based livelihood projects
indirectly) with gross total receipt of more than with financial assistance of Rs. 557.39 lakh
Rs.10000 crore per annum. NABARD had (Rs.516.34 lakh as loan and Rs.41.05 lakh as
decided to give a focused attention to rural grant) in Bihar, Gujarat, Maharshtra, Orissa
tourism especially home based rural tourism and Tamil Nadu as on 31 March 2009, to
and agri-tourism through cluster approach be implemented by NGOs and Producers’
jointly with tourism department of the Companies. The cumulative disbursement
State Governments, Tourism Development under UPNRM was Rs. 278.99 lakh (Rs.265.64
Corporations, Private Tourist Operators and lakh as loan and Rs. 13.35 lakh as grant) as at
the Rural Community. As at the end of March the end-March 2009.
2009, four rural tourism proposals have been
Climate Change and Clean
approved of which two are in Sikkim, one in
Development Mechanism
Chattisgarh and one integrated tourism cum
handicrafts cluster in and around Santiniketan Keeping in view the operationalization of the
of West Bengal. Kyoto Protocol of United Nations Framework
Convention on Climate Change (UNFCCC)
Umbrella Programme on Natural in February 2005, Clean Development
Resources Management (UPNRM) Mechanism (CDM) has emerged as the
With a view to restructuring the bilateral significant innovative tool for mitigating climate
cooperation in the field of Natural Resource change and sustainable development in Indian
Management (NRM), NABARD and the context. CDM has the potential to increase the
German Development Cooperation has financial viability of the projects and incentivize
launched a joint Umbrella Programme on the project promoters as well as financers in
Natural Resource Management (UPNRM) going ahead with such projects. NABARD,
during 2007-08. The programme aims at in accordance of its Mission, can play a
improving livelihood situation in rural areas proactive role in the complete process of the
through promoting and funding sustainable Kyoto Protocol Mechanism and collaborate
use, management and conservation of with national and international partners to
natural resources. The programme integrates have synergy of efforts to promote sustainable
NABARD’s existing and future Indo-German development. In order to achieve this, capacity
NRM efforts into a stream-lined approach of building of human resources is the prerequisite.
participatory NRM-related interventions. The Keeping this in view, NABARD in collaboration
22
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with GTZ-New Delhi has conducted series of term production loans (subject to a ceiling in
sensitization and training programmes for its respect of plantation and horticulture) and
staff, Bankers and NGOs on climate change installments of investment loans overdue are
and clean development mechanism. Some of covered, while in the case of the other farmers,
other initiatives taken in this regard include: they are extended one time settlement under
l Conducted a study on the opportunities for which a rebate of 25% of the eligible amount
CDM in Agriculture sector in India. is given on the condition that the farmer pays
the balance 75% in three instalments. The
l NABARD is in the process of establishing
implementation of the scheme is monitored
a Bio-carbon Fund in close collaboration
and coordinated by NABARD in respect of
with GTZ for taking up green projects for
Cooperative Banks and Regional Rural Banks.
climate change mitigation and adaptations.
A feasibility study on setting up Bio Carbon The scheme would benefit 192.59 lakh farmers
Fund has been assigned to Zenith Energy (SF and MF – 160.77 lakh and other farmers –
and First Climate with financial support 31.82 lakh) who had availed loans amounting
from GTZ under UPNRM. The first phase Rs.35368.31 crore from Cooperative Banks
of the study has already been completed and RRBs, of which, GOI would reimburse
wherein the feasibility of the Bio-carbon Rs.30999.14 crore.
fund has been established. The study has As against the claims of Rs.29724 crore
recommended that fund should cater to received from SCB, SCARDB and RRB, an
LULUCF (land use land use change and amount of Rs.16615 crore was disbursed to
Forestry), agriculture, agribusinesses and banks as at end-March 2009.
rural infrastructure sector as far as climate
change is concerned. Generation of rural employment and
sustainable livelihood through cattle
NABARD has taken up initiatives to fund development project in Eastern Uttar
climate change adaptation projects in Pradesh and Bihar
Maharashtra in collaboration with NGO.
The Cattle Development Projects of GoI aim
Relief Package for distressed districts at providing gainful employment to rural poor
through animal husbandry and live stock
The Hon’ble Prime Minister announced a
development. It is being implemented by BAIF,
special package for 31 distressed districts in
Pune, in 13 districts of Bihar and 17 districts
4 states viz., Maharashtra, Andhra Pradesh,
of Uttar Pradesh since 2004-05 for a period
Kartnataka and Kerala, in 2007. The
of five years. NABARD is the co-ordinating
implementation of the package is coordinated
agency and facilitator for channelising funds,
by NABARD. A massive watershed project,
ensuring its utilisation, project supervision and
covering an area of 15,000 ha annually, over a monitoring. During 2008 – 09, Rs.161.47 lakh
period of three years in each of the distressed and Rs.142.33 lakh were released for Uttar
districts is under implementation on a full grant Pradesh and Bihar respectively taking the
basis from Watershed Development Fund. cumulative disbursement to Rs.887.97 lakh
During the year 2008-09, 1.90 lakh ha. area and Rs.845.23 lakh as on 31 March 2009,
has been taken up for implementation taking out of Rs.1361 lakh each allocated. So far, an
the cumulative area to 5.88 lakh ha. with total amount of Rs.10.89 crore each, cumulatively
commitment of Rs.706 crore.
23
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24
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NABARD relaxed its NPA norms by 5% other states the process of amendment of Act
points. An additional 5 to 15 percentage points is underway.
relaxation for assessing eligible quantum
limits was extended to both SCB and RRB. Rural Infrastructure Development
Fund
Investment credit
To facilitate creation of infrastructure facilities
The eligibility criteria for drawal of refinance under RIDF, NABARD extended 90% of
under investment credit was relaxed by 5 the eligible project cost for roads and social
and 3 percentage points for SCBs and RRBs sector projects as against 80 and 85 percent
respectively in respect of NPAs. The rate of respectively in rest of country. Mobilisation
interest on refinance for commercial banks in advance was also extended at 30% of the
NER and Sikkim was fixed at 50 basis points RIDF loan. The loan is phased over a period of
lower than in other part of the country. In the five years for major/medium irrigation projects
case of Cooperative Banks and RRBs, the and for four years for other projects compared
interest rate on refinance continued to be to three years given to other states.
8.5% as in other parts of the country.
Financial Sector Plan Training of personnel
Based on the recommendations of the To upgrade the skill of rural financial
Committee on Financial Sector Plan for North institutions, grant support is extended to
Eastern Region, the following policy changes Indian institute of Bank Management (IIBM),
have been effected by NABARD: Guwahati and Manpower Development and
Management Institute, Shillong. An amount
i. Minimum number of members in a Self of Rs.16.12 lakh was released to IIBM,
Help Group relaxed to 5 in the hilly districts Guwahati as NABARD’s share. The travel
of NER for consideration of refinance and cost of participants from cooperative banks
grant assistance from NABARD. is subsidised by NABARD to enable them
ii. Grant assistance for promoting and to attend training programmes at National
nurturing of SHGs by NGO SHPIs working Institute of Rural Banking, Bangalore.
in the hilly districts of NER fixed at
The North-Eastern Council (NEC), Shillong
Rs.5,000/- per SHG.
under the Ministry for Development of North-
Collaboration with Tata Tea Eastern Region (DoNER) parked a fund of
In pursuance with the MoU between NABARD Rs.80 lakh with NABARD during the year (Rs.
and Tata Tea Ltd., Tata Tea has established a 60 lakh released upto March 2009) to facilitate
training-cum-production centre with 11 looms miscellaneous training interventions involving
with 3 jacquards and 1 dobby and residential government/ bank officials, NGOs, SHGs from
building for trainees for development of States in the NER and Sikkim. As on 31 March
“boro design” by imparting training to boro 2009, the fund was utilized to the extent of Rs.
women. Four looms in the training centre are 72.35 lakh.
earmarked exclusively for imparting training
to the identified weavers. The training centre
Institutional Development
has started production of cloth and is in the Rural Financial Institutions (RFIs) have a
process of providing marketing tie-up for its critical role in dispensing credit to agriculture
products. and allied sector. A strong and viable rural
institutional credit frame work is vital for the
Revival of the Short Term Cooperative growth of rural economy. Strengthening these
Credit Structure institutions, especially in the Cooperative
All the eight states in the North Eastern Credit Structure and the Regional Rural
Region have accepted the reforms package Banks, has been an area of focused attention
announced by GoI based on Vaidyanathan for NABARD. To improve the health of these
Committee recommendations and executed RFIs, various developmental, promotional and
MoU to strengthen the short term cooperative capacity building measures in the managerial
credit structure. Out of eight states, only and financial areas have been initiated by
Sikkim and Tripura have amended the Act. In NABARD.
25
CMYK 150#
CMYK 150#
Cooperative Credit Structure DCCB and enter into MoU with it. The revised/
modified Phase IV of DAP/MoU for both ST
Cooperative Development Fund (CDF) and LT structure covers the period 2007-08 to
Cooperative Development Fund was 2011-2012.
constituted in 1992-93 for supporting various
Considering the need for a common and
developmental activities like infrastructure
more effective forum, it was decided to have a
development of Primary Agriculture Credit
single high powered ‘State Level Task Force’
Societies (PACS), computerisation, vehicles
(SLTF) for effective monitoring of performance
for loan recovery works, human resource
of cooperative banks on quarterly basis.
development, publicity to Kisan Credit Card
This was effective from 1 April 2008. As on
(KCC) scheme, etc. The fund is replenished
31.3.2009, 22 ROs have formed SLTF in their
out of its profits every year by NABARD.
states. According to the data available from 13
The corpus of the fund was at Rs.125 crore
States, 28915 PACS have signed MoU with
as on 31 March 2009. The disbursement
their respective DCCB.
during 2008-09 was Rs.3.81crore, taking the
cumulative disbursements to Rs.77.73 crore. Other Initiatives
Organisation Development Initiatives Capacity Building of STCCS
(ODI)
The Boards of Directors of Cooperative Banks
Organisation Development Initiatives is a have the responsibility of overseeing the
re-engineering process which facilitates to performance of the bank’s operations and
achieve the mission of the organisation. ODI ensuring that they function in accordance with
is being conducted by NABARD since 1994- the guidelines issued by the RBI/NABARD/
95 in RRBs and Cooperative Banks as a tool GoI/State Government and achieve the
to improve their financial health by involving objectives set before them. The various
the human resources of the organisation. Cooperative Societies Acts, the Bye-laws
The recent developments, viz., amalgamation framed there under and model Bye-laws spell
of RRBs and adoption of revival package out the duties, functions and obligations of
of GoI for short-term cooperative credit directors of these banks. To familiarise them
structure necessitated revising the design, with the recent developments in banking in
methodology and objective of ODIs focusing general and cooperative banking in particular
on sustainable viability. The revised initiative and also to make them understand their roles
in respect of cooperative banks is now known and responsibilities in view of implementation
as “Business Revitalisation and Managing of Vaidyanathan Committee I and Government
Human Aspirations” (BRAMHA). During 2008- of India ADWDR scheme 2008, NABARD has
09, 10 ODIs for RRBs and 5 BRAMHAs for taken initiative for capacity building of the
Cooperative Banks were conducted. Board of Directors of DCCBs/SCBs through
training interventions. To provide qualitative
Development Action Plan and input to the participants, reading material
Memorandum of Understanding covering subjects such as good governance in
(DAP-MoU) Cooperative Banks, role and responsibilities
NABARD has been preparing institution of Directors, risk management, business
specific Development Action Plans (DAP) and diversification, Financial Inclusion, Loan
executing Memorandum of Understanding policies and documentation, understanding
(MoU) to enable cooperative banks and RRBs the health of Cooperative Banks etc.
function as viable and sustainable entities was prepared in English, Hindi and other
since 1994-05. The process was executed languages. Faculty Members of RICMs/ICMs/
in three phases from 1994-95 to 1999-2000 ACSTIs were trained at BIRD, Lucknow to
(Phase I), 2000-01 to 2003-04 (Phase II) and handle the massive training programme. The
2004-05 to 2006-07 (Phase III). In order to programme was launched on 16 February
make it more focused and effective, PACS 2009. So far 196 members of Board of 39
were included into the process during Phase DCCBs and one SCB have been trained in 12
III. PACS were advised to prepare viability programmes (upto 31 March 2009). Similar
action plans under the guidance of respective training programmes for the senior officers
26
CMYK 150#
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and branch managers of SCBs and DCCBs fully recapitalised and one RRB has been
and also CEOs of SCBs / DCCBs are being recapitalised partially, with total funding
designed in consultation with BIRD, Lucknow. support of Rs.1783.41 crore.
27
CMYK 150#
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report to GoI. Action is being initiated for agriculture, agricultural operations and rural
implementing the recommendations involving development.
various agencies viz. NABARD, Sponsor
Twelve research projects/ studies on
Banks, RRBs, BIRD, etc.
different subjects like economic reform
and tribal poverty, agro processing and
Supervision
value addition, yield gap analysis of
The statutory inspections of SCBs, DCCBs select crops, micro credit, rural poverty
and RRBs and voluntary inspection of and vermi-technologies were sanctioned
SCARDBs and apex non-credit cooperatives with a total grant assistance of Rs.87.01
are undertaken by NABARD. The objectives lakh during 2008-09. Grant assistance
of NABARD’s inspection are to assess of Rs.77.60 lakh was sanctioned to
the financial and operational soundness, Universities, Research Institutes, NGO’s
managerial efficiency and compliance to and other agencies across the country for
various statutory provisions so as to protect organizing seminar, conference, workshop
the interest of the depositors and stake and symposia covering subjects like farm
holders. The concerns brought out through business economics, agri-extension, agri-
inspections are communicated to the banks marketing, rural infrastructure, commodities
concerned, RCS, State Governments and futures, micro-credit, bio-technology,
sponsor banks in respect of RRBs. fisheries, plantation and horticulture, etc.
Off-site surveillance of the cooperative For increased dissemination of research
banks and RRBs is also undertaken through findings in the areas of agriculture and rural
various returns submitted by these banks development, publication of Occassional
and appropriate warning signals are issued Papers is also supported by NABARD.
so as to enable the banks to take corrective During the year, two papers titled “Financial
measures. inclusion – An Overview” authored by in-
house staff and “Hi-Tech Floriculture in
NABARD has constituted a Board of Karnataka” by Shri M.V. Srinivasa Gowda
Supervision as an Advisory Committee to were completed.
the Board of Directors of NABARD, which
An amount of Rs.8.76 crore was utilized
provides guidance/suggestions in respect
from the Fund during 2008-09 and the
of policies and on matters relating to
cumulative disbursement at the end of
supervision.
March 2009 stood at Rs.108.69 crore.
Banks under NABARD’s supervision
NABARD Consultancy Services
State Cooperative 31
(NABCONS)
Banks (Scheduled 16)
District Central 370 NABARD Consultancy Services Pvt. Ltd
Cooperative Banks (Licenced-75) (NABCONS) was registered as a wholly
owned subsidiary of NABARD in November
Regional Rural Banks 86 2003. It is now an established professional
(as at August 2009) consultancy service provider in the field
State Cooperative Agri. 18 of agriculture and rural development and
and Rural Devt. Banks allied activities. The affairs of NABCONS
are professionally managed and its board
has the Managing Director of NABARD as
Chairman.
Research and Development
The services of NABCONS are contracted
NABARD has constituted a Research and by various agencies including Government
Development Fund for supporting activities of India, State Governments, banks,
like research projects, studies, training, international bodies, corporate entities and
conduct of seminars and other related individuals in a wide range of fields and
activities on matters of importance to purposes.
28
CMYK 150#
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NABCONS has so far contracted 907 surplus available for appropriation, a sum of
assignments worth Rs.51.64 crore. Rs.400 crore has been transferred to National
Rural Credit (LTO) Fund to be utilized to
Sources and Uses of Funds provide refinance for investment purposes
The total assets of NABARD as on 31 and Rs.10 crore has been transferred to NRC
March 2009 were Rs.118176 crore and the (Stabilisation) Fund. Further, contribution to
owned funds were Rs.27106 crore (including the extent of Rs.340 crore has been made to
NRC-LTO and Stablisation Funds). The the Special Reserve Fund created in terms
loans and adances of NABARD outstanding of Section 36(1)(viii) of Income Tax Act, 1961
as on 31.3.2009 increased by Rs.15980 apart from appropriation to the other funds.
crore during the year 2008-09. The increase
Capital to Risk Weighted Assets Ratio (CRAR)
in outstanding in respect of bonds and
of NABARD as at the end of March 2009 was
borrowings and RIDF deposits including tea
25.85%. The percentage of net Non-Performing
deposits aggregated to Rs.15224 crore.
Assets to Net Loans and Advances is minimal
The gross income of NABARD amounted to at 0.03% as on 31.3.2009. NABARD’s resource
Rs.7051 crore for the year ended 31.3.2009 base comprises of its Capital, Free Reserves,
and the surplus before tax was Rs.1988 NRC(LTO), NRC(Stablisation) Funds, RIDF
crore. Surplus after tax for the year 2008- Deposits, Borrowings from GoI, Foreign
09 worked out to Rs.1390 crore. Out of the Currency Loans and Market Borrowings.
29
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NABARD at a Glance
Sources of Funds As at As at Uses of Funds As at As at
end March end March end March end March
(Rs. Crore) (US $ million) (Rs. Crore) (US $ million)
2009 2008 2009 2008 2009 2008 2009 2008
Capital 2000 2000 393 500 Cash and Bank Balances 13,842 9850 2717 2464
Reserves and Surplus 9535 8603 1871 2152 Collateralised Borrowing 133 464 26 116
and Lending Obligation
NRC (LTO) Fund 14,016 13,615 2751 3406 Investments in
NRC (Stabilisation) Fund 1555 1544 305 386 a) GoI Securities 1555 1422 305 356
Deposits 482 106 95 27 b) Treasury Bills 157 260 31 65
Bonds and Debentures 23,704 28,700 4652 7180 c) ADFC Equity 16 16 3 4
Certificate Deposits 1816 1422 356 356 d) AFC Equity* 1 1 0
Commercial Paper 181 0 36 0 e) SIDBI Equity 48 48 9 12
Term Money Borrowings 244 0 48 0 f) AICI Ltd 60 60 12 15
Borrowings from GoI 354 370 69 93 g) NCDEX Ltd. & 6 6 1 2
MCX Ltd.
Borrowings from 500 2500 98 625 h) NABCONS 5 5 1 1
Commercial Banks
Foreign Currency Loan 498 508 98 127 i) Mutual Fund 1000 760 196 190
RIDF Deposits 47,023 30,593 9229 7654 j) BVF APIDC V 5 4 1 1
Investment
Short Term Coop. Rural 4622 0 907 0 k Commercial Paper 143 0 28 0
Credit Fund
Other Liabilities 4279 3089 840 773 Loans and Advances
Other Funds 7367 5656 1446 1415 a) Production & 16,896 17,381 3316 4349
marketing Credit
b) Conversion of 20 118 4 30
Production Credit
into MT Loans
c) Liquidity Support 2591 1940 509 485
d) MT Investment 0
Credit (Non Project)*
e) MT & LT Project Loans 33,335 32,401 6543 8106
f) LT Non Project Loans 252 290 49 73
g) Other Loans 48 27 9 7
h) RIDF Loans 45,616 30,649 8953 7668
i) Co-finance 94 66 16 17
Fixed Assets 247 257 48 64
Other Assets 2106 2681 413 671
TOTAL 118,176 98,706 23,195 24,695 TOTAL 118,176 98,706 23,192 24,695
Exchange rate
31 March 2008 1 US$ = Rs. 39.97
31 March 2009 1 US$ = Rs. 50.95
* rounded off
30
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31
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$ Includes credit for ST(SAO), ST-Others, MT & Loans to State Government for contribution to Share Capital of
Cooperatives
32
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33
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34
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GOA MANIPUR
301, Nizari Bhavan, Menezes Braganza Road, 89/686, Lalambung, RIMS Road, Lamphelpat
Panaji 403 001 Imphal 795 004
Tel No. : (0832) 2220490, 2420504, 2432967 Tel No. : (0385) 2416192, 2410706
Fax No. : (0832) 2223429 Fax No. : (0385) 2416191,
E-mail : panaji@nabard.org E-mail : nbimphal4@sancharnet.in
GUJARAT MEGHALAYA
Usmanpura, Opp. Municipal Garden, Dipu Cottage, Upper Lachumiere, Shillong 793 001
Ahmedabad 380 013 Tel No. : (0364) 2501518
Tel No. : (079) 27552257-58-59 Fax No. : (0364) 2227463
Fax No. : (079) 27551584 E-mail : nabsh@sancharnet.in
E-mail : ahmedabad@nabard.org : nabard_shg@dataone.in
HARYANA MIZORAM
Plot No.3, Sector 34-A, Chandigarh 160 022 Ramhlun Road, Bawngkawan, Aizwal 796 014,
Tel No. : (0172) 5046703, 5071467 Tel No. : (0389) 2346119, 2343428
Fax No. : (0127) 5046784 Fax No. : (0389) 2340815
E-mail : haryana@nabard.org E-mail : nabaiz@sancharnet.in
HIMACHAL PRADESH NAGALAND
NABARD Bhavan, Block No.32, S.D.A. Commercial 4th Flr., West Wing, Administrative NSCB Bldg.,
Complex, Dev Nagar, Kasumpti, Shimla 171 009 Khermahal, Circular Road, Dimapur 797 112
Tel No. : (0177) 2624160, 2622258 Tel No. : (03862) 227040, 235600, 235601
Fax No. : (0177) 2622271 Fax No. : (03862) 227040
E-mail : nabardsm@dataone.in E-mail : nabdim_@hotmail.com
shimla@nabard.org dimapur@nabard.org
35
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