Haryana receives Rs 35,000-cr NABARD aid

Tribune News Service
Chandigarh, April 1

The core business operations of NABARD reached Rs 35,000 crore in Haryana during 2020-21. Sanctions under Rural Infrastructure Development Fund (RIDF) during 2020-21, touched an all-time high of Rs 1,130 crore and disbursements reached Rs 1,030 crore.

The long-term financial assistance released to commercial banks, cooperative banks, small finance banks, NBFCs and MFIs for financing agriculture, allied and off-farm sectors in the state reached Rs 3,495 crore, as against Rs 1,571 crore disbursed last year, registering a growth of 122 per cent.

The short-term refinance amounted to Rs 6,472 crore as against Rs 5,073 crore, registering a growth of 28 per cent. As a part of its business development initiatives taken during 2020-21, Rs 23,616 crore was disbursed towards credit facility to state government federations, direct refinance assistance to cooperative banks and assistance for infrastructure development to state-owned corporations.

During 2020-21, NABARD disbursed a grant of Rs 3 crore from its Financial Inclusion Fund (FIF) to rural financial institutions of Haryana.