The National Bank for Agriculture and Rural Development (Nabard) today said it plans to disburse Rs 10,000 crore as financial assistance to Punjab for 2018-19.
Stating this, NABARD Chief General Manager J P S Bindra said NABARD had disbursed Rs 8,000 crore to Punjab for the agriculture and rural development in 2017-18.
To boost capital formation in agriculture, NABARD provided refinance of Rs 2,249.67 crore to various banks during 2017-18 which shall be increased to Rs 2,900 crore in the current year.
TRENDING NOW

WPL 2024 Auction Live Streaming: When and where to watch Womens Premier League Auction FREE Live Online and TV - Check Date and Time

India vs South Africa 2023-24: T20, ODI, Test Matches Full Schedule, Match Dates, Time in IST, Venues, Squad, Free Live Streaming Details

HDFC SKY redefines share market navigation with advanced demat account app for seamless wealth creation

RBI to set up cloud facility for financial sector and fintech repository; here is what you need to know
NABARD also proposed to increase the support under short term refinance during the current year which was Rs 5,258.26 crore during previous year for facilitating disbursement of crop loans at concessional interest rate to farmers by banks.
To encourage diversification of crops, NABARD prepared area development plans of Rs 1,918 crore for 2018-19 to promote dairy, vegetable cultivation, apiculture, mushroom growing which will supplement farmers' income, he said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
09:46 pm