Mumbai: National Bank for Agriculture and Rural Development (NABARD) observed its 43rd anniversary at its headquarters in Mumbai with the gathering including eminent guests, stakeholders and well-wishers who had played a critical role in NABARD’S development journey.
The celebration witnessed a Panel Discussion on “Climate Risk Management and Banking” with esteemed experts including Dr Trupti Mishra, Professor at IIT Bombay, Santosh Kumar Singh (MD of Intellecap) and Dr Sat Singh Tomer, CEO of Satyukt (startup).
The occasion also witnessed several significant publications being released and a short film being launched.
NABARD Chairman Shaji K. V. said Over the past four decades, NABARD has been a corner stone of rural development in India including pioneering the SHG-Bank Linkage Programme to support JLGs and FPOs.”
“Our initiatives have empowered millions of rural household and farmers, while our interventions has fostered financial inclusion, and enhanced productivity and driven sustainable development.”
“Embracing digital transformation, we are helping GOI in computerizing 65,000 PACs and integrated Core Banking solutions in numerous rural cooperative Banks. As we continue to innovate and adapt, our mission remains the same: to uplift the rural economy, ensuring prosperity and resilience for all rural communities.”
G S Rawat, DMD of NABARD urged the need to address issues related to agri and rural sector. “Despite geographical and infrastructural limitations, our country is among the top five producers of the agri-commodity in the world. There is still a credit gap in North Eastern region of India that needs to be addressed and NABARD is dedicatedly working towards finding solutions to challenges and bridging the gap by leveraging technology.”
“We need innovations to ensure the credit flow to small farmers in remote areas of the country and innovations will be a catalyst in enhancing the efficiency of the agri value chain.”
Dr. A. K Sood, DMD NABARD, said “We have consistently increased our credit flow to agriculture, delivering impactful results and touching the lives of the millions of farmers over two-and-half decades. Our challenges are new – – climate change, water scarcity and an unceasing spiral of indebtedness among farmers. But shoulder to shoulder with all stakeholders, we will continue to strive to build a more inclusive and resilient rural India.”
