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| R K Srivastava takes over as Chief GM of NABARD | | | Early Times Report
Jammu, July 13: R K Srivastava has taken over as Chief General Manager of NABARD, J&K. In the midst of on-going pandemic, NABARD is stepping into its 39th year of formation on 12th July 2020 and it is time to look back at the progress we have made during the last few years.
NABARD sanctioned Rs.462 crore for execution of 139 projects during 2019-20. As on 31 March 2020, cumulatively 3785 projects are sanctioned with RIDF loan of Rs 6821.27 crore. These projects will cover 15537 km of road length, 12814 meter of bridge length, construction of 1400 school rooms, 80 veterinary hospital etc. Around population of 15 lakh benefitted from WSS projects. NABARD also supported the banks operating in UT with refinance assistance Rs.152 crore during 2019-20 for meeting the crop loan requirements and agri-term loan activity like dairy, poultry, sheep husbandry. J&K Gramin Bank was our major partner.
NABARD has promoted 17 FPOs since the inception of FPO concept in the UTs of J&K and Ladakh benefitting 2300 farmers. The FPO platform provides for aggregation of produce by small farmers and achieving economies of scale.
NABARD has also promoted the first Off Farm Farmer Producer Organization (OFPO) named as Shehar Carpet Producers Company with a membership of 300 weavers in Baramulla and Bandipura districts of Kashmir. The OFPO has since started production and marketing of carpets.
It also outlined various other works taken up by the NABARD.
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