The National Bank for Agriculture and Rural Development (NABARD) is all set to pump in Rs 464 crore to uplift the sagging rural economy of the state.

Farmers in Kannamangala village of Chikkaballapur district, 63 km from Bangalore, used to mainly grow ragi, tamarind and other traditional crops in the laterite soil that yielded very little.

But of late, the income of farmers from this arid area has soared. For, the farmers are experimenting with various new crops and techniques of farming under a new project by the National Bank for Rural and Agricultural Development (NABARD).

Seven Eastern States appear to have brought about a Green Revolution in paddy cultivation.

The National Bank for Agriculture and Rural Development’s (Nabard) management led by Dr Prakash Bakshi wasted several crores of public money on wrongful policies and personal benefits.

Nabard website says birds bankable, economic value of a pair Rs 16 lakh

The Union government was giving interest-free loans to ‘entrepreneurs’ setting up emu farms, which have now turned into a multi-crore scam in Tamil Nadu. These loans were granted under the central government’s Poultry Venture Capital Fund and were routed through the National Bank for Agriculture and Rural Development (Nabard) and commercial banks. Though the scheme was for all poultry, emus find a mention in the scheme documents and several emu farms in southern states, including Tamil Nadu, have availed themselves of loans under these schemes, say officials.

KOLKATA, 14 SEPT: The state animal resources development (ARD) department will start a livestock census tomorrow.

Rs.1.71 crore for strengthening and laying black-topped roads

The National Bank for Agricultural and Rural Development (NABARD)has sanctioned over Rs.4 crorefor developing rural infrastructure in the district. According to a NABARD release, under the Rural Infrastructure Development Fund (RIDF) tranche XVIII it has sanctioned Rs.1.71 crore for strengthening and laying black-topped roads at Kattuputhur, Lalgudi, Mettupalayam, Musiri, Pullambadi, Thathaiangarpet, Thottiam, and Uppiliapuram town panchayats.

It is ‘misleading’ IMD categorised some districts as normal: Pawar

The Union government on Wednesday announced relief measures for the drought-hit areas, including an increase in the number of assured workdays under the Mahatma Gandhi Rural Employment Guarantee Act (MGNREGA) to 150 from 100 days and reduction in the interest on crop loans to 7 per cent from 12 per cent during the current fiscal.

Lenders are offering term loans to livestock owners in drought-affected Gujarat
ATMADIP RAY & SUTANUKA GHOSAL KOLKATA