Agricultural finance to poor farmers: A study of role of NABARD in Haryana
Anil Kumar, Manju, Sandeep
National Bank for Agriculture & Rural Development (NABARD) serves as an apex financing agency for facilitating credit flow for development of agriculture, cottage and village industries. It provides refinance assistance to increase the value of agricultural products. NABARD has been providing refinance to Co-operative Banks, Commercial Banks, RRB’s, scheduled primary urban co-operative banks and agricultural development finance companies (ADFC’s) for supplementing their resources for credit flow to the agriculture. NABARD has provided finance to state government for major and minor irrigation projects. NABARD has implemented projects like watershed development, waste land development, forestry etc. NABARD has announced concept of joint liabilities groups (JLG) to provide institutional credits to small farmers. The scheme for setting up Agriclinics and Agribusiness centre has been launched by GOI with the support of NABARD. NABARD in Haryana has been taken up two pilot projects in Jind and Ambala district under the Farmer Technology Transfer Fund (FTTF) through Farmers training centre at Sacha Khera (Jind) and Krisi Vigyan Kendra at Ambala. NABARD has released Producer Organization Development Fund (PODF). GOI has entrusted NABARD to facilitate promotion of 2000 producer organizations in next two years in the entire country. The main objective of the study was to analyze the initiatives taken by NABARD for finance to farmers and to assess the scope of implementation of NABARD’S schemes/projects of agricultural development in Haryana. Secondary sources have been used in the study from annual reports of NABARD, e-journals etc. It has been found that NABARD is beneficial for poor farmers who have not any collateral to get finances and thus paving the way for sustainable livelihood.
Anil Kumar, Manju, Sandeep. Agricultural finance to poor farmers: A study of role of NABARD in Haryana. International Journal of Multidisciplinary Education and Research, Volume 7, Issue 3, 2022, Pages 65-71