NABARD rededicates to rural prosperity of nation, celebrates 40th Foundation Day

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Bhubaneswar,  : NABARD reiterated its commitment to rural prosperity of the Nation and to the State of Odisha on the occasion of its 40th Foundation Day, celebrated in an august function on 20th July 2021 providing live coverage of the programme across the State via NIC.

Governor of Odisha Prof. Ganeshi Lal ji was the Chief Guest on the occasion. Shri P. K. Jena, IAS Development Commissioner, A. K. K. Meena, IAS Principal Secretary, Finance, C Udayabhaskar, Chief General Manager, NABARD, Commissioner cum Secretary, Mission Shakti, Sujatha, IAS, dignitaries of Govt.

Regional Director Reserve Bank of India Shri HN Panda, SLBC convenor Shri A Jena, dignitaries from Banks, all the District Collectors, Lead District Managers, NABARD District Development Managers, Bankers, Progressive Farmers participated in the programme.

In his welcome address, C. Udayabhaskar, Chief General Manager, NABARD, highlighted the major achievements of NABARD in the recent years. He thanked the stakeholders for the excellent cooperation and support which has resulted in fabulous performance of NABARD in the State. NABARD has been a major partner of Government of Odisha in its developmental endeavors such as Farmers welfare, women empowerment, building rural infrastructure, tribal development, watershed development, FPOs etc.

NABARD’s financial support to the State Government, Banks and Corporations in Odisha has touched Rs. 22,709 crore in 20-21. He indicated that the thrust areas for 21-22 are taking up projects on remunerative activities beyond paddy cultivation, FPOs, developing micro entrepreneurs of successful SHG women, doubling of bank credit to the SHGs, new FPOs on activities such as Goatery, Fishery, Apiary and Bamboo based livelihoods etc. Massive Bamboo project across Odisha is being proposed to provide livelihoods to the poor and for tackling the climate change. About 3000 SHG women will be trained to set-up Grameen dukhan for marketing facilities. Focus will also on be setting up Off farm Producers Organisations (OFPOs) in the areas of Handlooms and Handicrafts apart from training rural youth on skill development for getting them properly employed.

His Excellency Governor congratulated NABARD on the commencement of 40th Year of NABARD’s service to the Nation. In this address, he appreciated NABARD for its consistent endeavors, initiatives and contributions to rural development and constant support and active involvement in the development of Rural Sectors in Odisha. He stated that NABARD through its initiatives like Rural Infrastructure Development Fund (RIDF), Long term irrigation Fund (LTIF), Watershed development Fund (WDF), Self Help Group – Bank Linkage Programme (SHG-BLP) and others is complimenting the developmental initiatives of Central and State Government. He congratulated NABARD for making efforts towards providing funds to those who are not been funded. He also appreciated NABARD’s role in proving employment to women through formation of Self Help Groups (SHGs).

He pointed out that sincere, and untiring efforts are needed for the growth of animal husbandry, fishery, horticulture and sunrise industries. He raised concerns over the increasing pollution levels and the abuse of natural resources which are vital for life and living. Contamination of our farmland by massive usage of chemical fertilizers and pesticides need to be reduced and eco friendly farming to be promoted. He highlighted that in the coming years, NABARD has to increase its efforts, especially towards new age skill development initiatives providing employment to the rural youth.

Shri P. K. Jena, IAS Additional Chief Secretary & Development Commissioner appreciated the efforts of NABARD for the record sanction for infrastructure projects under RIDF in Odisha. He highlighted NABARD’s contribution towards credit and technical support leading to systematic fiscal consolidation and increased capital outlay. He highlighted that the rural connectivity has been promoted through construction of bridges and roads under RIDF.

Further, additional support to irrigation, WADI, watershed development, credit support to MSME sector, SHG women, capital subsidies, support to agri-entrepreneurs and marketing have boosted the economic growth of the state. He also elaborated on the active role of NABARD in the, promotion of Farmer Producers’ Organizations.

Shri A. K. K. Meena IAS, Principal Secretary, Finance appreciated the efforts of NABARD in providing handholding support to banks for increasing the Ground Level Credit Flow in the State. He urged all stakeholders to double their efforts and work together to achieve the prioirty sector credit disbursement target of ₹1.10 lakh crore in the current financial year. He stated that in order to achieve the prescribed 60% CD Ratio at the State and district levels, credit flow to priority sectors should be around Rs.1.36 lakh crore in FY2022-23.

He highlighted that there is an urgent need to adopt a holistic approach through comprehensive intreventions to enhance Ground Level Credit flow by focusing on Credit Starved districts/ aspirational districts that are constrained by various physical, economic and social characteristics.

On this occasion, awards were given to 30 progressive farmers / SHG micro entrepreneurs / FPO members, one each from 30 districts, recognizing their efforts put in the various developmental initiatives of NABARD and leading others by example. The awards were presented by the District Collectors on behalf of the Hon’ble Governor.
Two publications of NABARD “Reflections 2020-21”, on major achievements of NABARD and the “Unit Cost Book 2021-22”, a guide to banks for financing agricultural term loans were unveiled on the occasion by Honourable Governor of Odisha. A song on Farmer Producers’ Organizations was also released by Governor on the occasion. The saga of development through participative farmers’ enterprise through FPOs in the song will be motivating the farmers and promoting financial inclusion in a big way.

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