NABARD to play major role in development of Uttarakhand

NABARD is all set to play a major role in transforming Uttarakhand in terms of development. “In  coming five-six years, NABARD will take the lead in the development of the State,” said Finance Minister of Uttarakhand Indira Hridayesh.Agriculture and Horticulture minister Harak Singh Rawat stressed upon the efficient working of the researchers and people. He also talked about the development of nurseries and farms in the state.

“We need a beneficial development for farmers in the field of research. Actions should be taken to help poor farmers to grow,” Rawat said. He also informed about their employment schemes for farmers in another one year.On the occasion of NABARD’s 34thfoundation day in Dehradun, its chief general manager C P Mohan shared the objectives for which it was set up.

“NABARD has created a separate window named NIDA (NABARD Infrastructure Development Assistance) for financing infrastructure projects from where State Governments and their corporations can easily avail loans,” informed Mohan.He also talked about the recent financing initiatives taken by NABARD in recent years. Direct lending to District and Central and Cooperatives Banks, Credit facility to federations, Financing of Producers Organization are few of them.“Out of 56 producers’ organisations, there are nine in Uttarakhand which have been sanctioned loans,” said Mohan.