NABARD sanctions Rs 951 crore for rural infra in Odisha

Bhubaneswar, January 21: The National Bank for Agriculture and Rural Development (NABARD) has sanctioned financial assistance of Rs 951 crore to Odisha Government under Rural Infrastructure Development Fund (RIDF). The fund has been sanctioned for construction of 176 rural road projects to be implemented by the State Rural Development Department in all the 30 districts […]

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NABARD estimates credit potential of Odisha at Rs 1,34,665 crore for 2022-23 FY

Bhubaneswar, January 11: The National Bank for Agriculture and Rural Development (NABARD) on Tuesday released State Focus Paper for Odisha projecting an overall credit potential under priority sector at Rs 1,34,665 crore for the financial year 2022-23. The NABARD has conducted the State Credit Seminar for 2022-23 here, which was inaugurated by Finance Minister Niranjan […]

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NABARD sanctions Rs 206 crore for 25 road projects in Odisha

Bhubaneswar, September 27: NABARD has sanctioned RIDF assistance of Rs 206 crore to the Government of Odisha under Rural Infrastructure Development Fund (RIDF) for construction of 25 rural road projects being implemented by the Works Department in 11 districts of the State. These projects with a combined length of 203 km will improve rural road […]

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NABARD Chairman calls on Odisha Chief Minister 

Bhubaneswar, September 16: NABARD Chairman Dr. GR Chintala on Thursday called on Chief Minister Naveen Patnaik at the latter’s residence Naveen Niwas here and discussed on issues for strengthening rural infrastructure in the State. “During the discussion, the Chief Minister highlighted massive efforts of the State Government to reduce poverty and ensure rapid infrastructure development […]

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Bamboo Resource Centre to be set up in Bhubaneswar

Bhubaneswar: A Bamboo Resource Centre will be set up in Bhubaneswar to take up research, advocacy and project implementation initiatives in the bamboo sector in Odisha. The proposed centre will be set on a unique Industry-Academia and Government partnership. A one-day state-level workshop organised by Sparsh Foundation of JK Paper in collaboration with NABARD held […]

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Rs 10-crore Credit Guarantee Fund for FPOs

Bhubaneswar: NABAKISAN Ltd, a subsidiary of NABARD on Tuesday signed a MoU with the Agriculture and Farmers’ Empowerment Department for providing access to collateral free loan facilities by farmer producer organisations (FPOs) in the State from the financial institutions. The MoU encompasses creation of a separate Credit Guarantee Fund to the tune of Rs 10 […]

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