NABARD facilitates financial support of Rs 9,700 crore to Assam

GUWAHATI: National Bank for Agriculture and Rural Development (NABARD), the nation's largest Development Financial Institution set up with a mission for rural prosperity through credit and related services was at the forefront during the pandemic affected year 2021-22 for providing timely and adequate credit to agriculture and rural development sector. NABARD has stepped in its activities leading to its balance sheet increase by 15% to 7.57 lakh crore during financial year 2021-22.

For the state of Assam, during the financial year 2021-22, NABARD has facilitated sanctions of Rs.9700 crore for various projects and activities, which includes Rs.7600 crore for infrastructure projects of State Government, Rs.2065 crore to various financial institutions etc. In addition to it, an amount of Rs.26.30 crore was extended as grant for various development interventions like setting up of Farmer Producers Organizations, Tribal Development Programmes, micro-credit innovation projects etc. Notable facilitations include financial support under NABARD Infrastructure Development Assistance (NIDA), to Assam Infrastructure Financing Authority (AIFA) (a Government of Assam entity) for setting up of Medical colleges, Engineering Colleges, Model Colleges, Green field roads for better connectivity etc.

These flagship programmes of the Government of Assam, when completed will usher in higher prosperity for the State as stated in a press release issued on Wednesday by Baiju Kurup, Chief General Manager, NABARD, Assam Regional Office, stated a press release.

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