The National Bank for Agriculture and Rural Development (Nabard) Head Office Chief General Manager MK Mudgal on Friday visited Odisha and reviewed the performance of Nabard in Odisha and interacted with the officials of regional office and all district Officers.
Talking about the new and innovative initiatives of the bank in a Press meet held here, Mudgal said the Nabard has promoted Farmers Producers Organisation (FPOs) to collectivise small and marginal farmers with the objective to ensure competitive price for their inputs and remunerative price for their produce. He said for women empowerment, the bank has assisted in promotion of about 80 lakh Women Self Help Groups (WSHGs) with a membership of 9 to 10 crore women all over the country.
Besides, it has launched EShakti, a project aimed to digitise the transaction related information of SHGs, which would facilitate banks in credit appraisal and provision of bank credit these SHGs, he added.
He said special emphasis is being laid on capital formation in agriculture through enhancement of investment credit. Responding to a query in combating climate change effects by the bank, he informed the Nabard has sanctioned two big ticket projects under the National Adaptation Fund for Climate Change and Green Climate Fund.
Among others, Nabard Odisha Regional Office Chief General Manager Dr KC Panigrahi was present.