NABARD Sanctions Record Rs.12,406 To Maharashtra During 2014-15 Fiscal

05 May, Pune

Maharashtra Regional Office of NABARD in Pune has achieved all time high performance with sanction of Rs 12,406 crore and disbursement of Rs 11,315 crore for various development programmes during last fiscal year 2014-2015.

This year, the re-finance support to banks amounting to Rs 10,205 crore was provided by NABARD in Maharashtra as against Rs 7,663 crore during the previous year, registering a growth of 33 per cent.

Refinance support of Rs 700 crore for rural infrastructure and Rs 409 crore to other new business products was also provided by NABARD in Maharashtra.

To increase capital formation in agriculture and towards drought mitigation measures NABARD has extended refinance assistance of Rs 3082 crore primarily under minor irrigation, land development, farm mechanization and Horticultural sector.

Memorandum of understanding was also signed between Government of India, Government of Maharashtra and NABARD for Revival Package of 3 Unlicensed District cooperative banks, Wardha, Nagpur and Buldana involving financial assistance of Rs 379 crore.