The INS News
No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
No Result
View All Result
The INS News
No Result
View All Result
Home News Regional

LG unveils Rs 34,829 cr Potential Linked Credit Plan of NABARD for J&K

INS Desk by INS Desk
March 24, 2022
A A
LG unveils Rs 34,829 cr Potential Linked Credit Plan of NABARD for J&K

Jammu, March 24: Lieutenant Governor, Manoj Sinha today unveiled Rs. 34,829 crore Potential Linked Credit Plan of National Bank for Agriculture and Rural Development (NABARD) for J&K UT which focuses on meeting the aspirations of rural population, bridging gaps in rural infrastructure and strengthening the co-operative credit systems to transform the agricultural economy.

RELATED POSTS

Yatra: IGP Reviews ‘Real Threats, Counter Measures’ At Security Meeting In South Kashmir

2 militants killed in Kulgam: Police

Govt fixes rates for sacrificial animal in Kashmir, up by Rs 25 per kg than last year

The credit plan was announced at the ‘UT Credit and Development Seminar’ organized by NABARD in Jammu for presenting the ‘UT Focus Paper 2022-23′ for J&K, covering physical and financial potential under Agriculture & Allied activities and other priority sectors including the off-farm sector activities in the UT.

Speaking on the occasion, the Lt Governor underlined the need to focus on the development of rural economy for unlocking its full potential by filling the gaps vis-à-vis infrastructure, human resources and financing.

“Our next big growth story is rural J&K, and we must ensure that rural economy actively participates in this growth process. We need inter-sectoral coordination to improve infrastructure, empowerment of women & employment generation and NABARD has a vital role to play in this endeavour”, the Lt Governor said.

It was informed that in J&K, NABARD has been a vital driver of the rural economy by meeting the basic needs of infrastructure under the Rural Infrastructure Development Fund, where under 4178 projects have been completed in the last 26 years at a cost of Rs 8457 crores, focusing mainly on irrigation and rural connectivity.

Highlighting that Agriculture & Allied sector sustains over 70% of our population, the Lt Governor also announced that NABARD and J&K’s Agriculture Department have jointly planned a development package of Rs 25,991 crore to improve agricultural inputs, farmers’ income through easy availability of credit, technical up-gradation of agriculture and entire agriculture & horticulture production chain.

The Lt Governor noted that this comprehensive plan was in line with the vision of the Hon’ble Prime Minister to double the farmers’ income. ‘In J&K, 36 Farmer Producer Organizations have been formed by NABARD which are benefiting about 6,000 farmers and 26 more such organizations will be formed in this financial year, decisively advancing the development of a strong base of modern agriculture and horticulture in the UT’, he added.

Buy JNews
ADVERTISEMENT

The Lt Governor expressed hope that NABARD will work closely with the UT administration in bringing self-reliance and efficiency in the Agriculture & allied sector. He noted that this year, the UT’s Agriculture department is distributing new high yield variety of seeds to about 9 lakh farmers, besides targeting to link more than 33,000 farmers with farm mechanization.

On the occasion, the Lt Governor appreciated the role of NABARD in organizing and nurturing Self Help Groups engaged in creating employment opportunities and empowering women and marginalized sections of the rural population.

The Lt Governor also urged the officials of NABARD to collaborate with Jammu Kashmir Rural Livelihood Mission, and in a planned manner, devise the expansion of already established 56,000 Self Help Groups under its UMEED programme, which presently connects around five lakh women. He said the expansion will open up new horizons for them and in turn boost their economic potential.

Shri A. K. Sood, CGM, NABARD welcomed the participants and highlighted the contribution of NABARD in J&K. Sh. Surender Singh, General Manager, NABARD, presented the vote of thanks.

Various products of NABARD supported Farmer Producer Organizations (FPOs), Off-Farm Producer Organization (OFPO) and SHGs were also demonstrated at the venue. Handloom and handicrafts from NABARD supported Rural Marts in Kashmir, Honey and Walnut from Ramban, Mushroom from Kathua, Mushqbudji rice from Anantnag, SHG products from Samba etc. were displayed at the stalls.

Sh. Kamal P Patnaik, Regional Director, RBI; Sh. Baldev Prakash, Convenor UTLBC/ MD & CEO J&K Bank; Sh. Doifode Sagar Dattatray, Director, Animal Husbandry Department; Sh. Krishan Lal, Director Sheep Husbandry, Jammu, besides senior officers of UT administration, bank officers, members of SHGs, NGOs were present on the occasion.

ShareTweetSend
INS Desk

INS Desk

Related Posts

Yatra: IGP Reviews ‘Real Threats, Counter Measures’ At Security Meeting In South Kashmir
Jammu

Yatra: IGP Reviews ‘Real Threats, Counter Measures’ At Security Meeting In South Kashmir

June 27, 2022
Round Off: 3 LeT Militants Killed In Nowgam Gunfight, Says Police
Regional

2 militants killed in Kulgam: Police

June 27, 2022
Govt fixes rates for sacrificial animal in Kashmir, up by Rs 25 per kg than last year
Regional

Govt fixes rates for sacrificial animal in Kashmir, up by Rs 25 per kg than last year

June 27, 2022
Kanth’s Bereaved
Regional

KCC&I express condolences with its President, Sheikh Ashiq  and his brother Sheikh Feroz

June 27, 2022
Al Khuddam Family Bereaved, Farooq Amin Offers Condolences  
Regional

Al Khuddam Family Bereaved, Farooq Amin Offers Condolences  

June 27, 2022
Youth’s Body Found In Orchard At Shopian
Regional

Kokernag Elderly Man Killed In Suspected Bear Attack

June 27, 2022
Next Post
2 non-local women tourists killed, 21 injured in accident near Kangan Ganderbal

2 Tourists Among 7 Killed, 27 Injured In Ganderbal, Udhampur Accidents 

Experience in tough terrains like Siachen, J&K, North east, Lt. Gen. Vinod G. Khandare (ret) appointed as Advisor in MoD

Experience in tough terrains like Siachen, J&K, North east, Lt. Gen. Vinod G. Khandare (ret) appointed as Advisor in MoD

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *




Police asks people to trace missing person

Police asks people to trace missing person

May 9, 2018
20 animals charred, four residential houses gutted in uri fire incident

20 animals charred, four residential houses gutted in uri fire incident

March 27, 2018
Students protest continue in Kashmir

IUST students tear gassed, were demanding release of a fellow student

October 18, 2017

Popular Stories

  • Haji Ghulam Rasool Khan receives Padma Shri for Art

    Haji Ghulam Rasool Khan receives Padma Shri for Art

    0 shares
    Share 0 Tweet 0
  • Mohammad Syed Banday Passes Away, Funeral Prayers At 10 a.m. Today

    0 shares
    Share 0 Tweet 0
  • The Red Light Area of Srinagar!

    0 shares
    Share 0 Tweet 0
  • Basant Rath resigns, wants to join politics

    0 shares
    Share 0 Tweet 0
  • Srinagar Police attached 05 houses used for militant activities 

    0 shares
    Share 0 Tweet 0

© 2022 INS News - Designed by GITS.

No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog

© 2022 INS News - Designed by GITS.