Home Nation World Business Politics Odd & Weird Region Entertainment Education
Pardaphash Logo
Hindi


Union Cabinet approves Rs 20,000 Cr capital to NABARD




Published by:
Published on: Thu, 07 Feb 2013 at 10:19 IST
Union Cabinet approves Rs 20,000 Cr capital to NABARD
New Delhi: The Union cabinet on Thursday raised the authorized capital of the National Bank for Agriculture and Rural Development (NABARD) to Rs.20,000 crore from Rs.5,000 crore and enlarged its operations.

At a meeting here, the cabinet approved amendments to the NABARD Act 1981 to expand the apex rural and farm development financial institution's capital base and ability to introduce new credit products, forge new linkages and develop new clients.

It also approved merging the posts of the chairman and managing director and transfer the balance one percent shares to the government from Reserve Bank of India (RBI), which will provide for increased public accountability.

Once the amendments are carried out, NABARD would be able to issue new credit products, lend to new institutions, mainly societies covered under multi-state cooperative societies act and other central laws, producer organizations or such class of financial institutions which are approved by the central government.

The amendments would allow a combination of credit, creation of short-term operations fund and swapping of debt of farmers.

This is likely to benefit a larger segment of the financially excluded farmers in the country, said an official release.

NABARD was set up in 1982 to facilitate agriculture credit and rural development.
Previous
World Cup 2015 Final: Australia bids perfect farewell to skipper Michael Clarke | See Winning moments in Gallery
World Cup 2015 Final: Australia bids perfect farewell to skipper Michael Clarke | See Winning moments in Gallery
Amitabh Bachchan, Deepika Padukone, Irrfan Khan At Trailer Launch of Piku
Amitabh Bachchan, Deepika Padukone, Irrfan Khan At Trailer Launch of Piku
Pardaphash, Desh Sewa NGO organize special event on Martyrs' Day
Pardaphash, Desh Sewa NGO organize special event on Martyrs' Day
Shahrukh Khan-Kajol starrer Dilwale goes on floor with all boys-brigade | See Gallery
Shahrukh Khan-Kajol starrer Dilwale goes on floor with all boys-brigade | See Gallery
Kendall Jenner shows off sexy curves in topless, nude photographs | See Gallery
Kendall Jenner shows off sexy curves in topless, nude photographs | See Gallery
British bombshell Lucy Pinder ready to sizzle in Bollywood with scorching looks in Warrior Savitri | See Hot Gallery
British bombshell Lucy Pinder ready to sizzle in Bollywood with scorching looks in Warrior Savitri | See Hot Gallery
Hyundai to gift few high-tech cars to Indian roads in near future | See Gallery
Hyundai to gift few high-tech cars to Indian roads in near future | See Gallery
Sofia Hayat raises mercury in Main Hoon Ladki song | See hot Gallery
Sofia Hayat raises mercury in Main Hoon Ladki song | See hot Gallery
Miley Cyrus goes erotic to seduce in nude, topless controversial images | See gallery
Miley Cyrus goes erotic to seduce in nude, topless controversial images | See gallery
Lady Gaga crosses all limits of sensuality in nude, topless images | See Gallery
Lady Gaga crosses all limits of sensuality in nude, topless images | See Gallery
Kim Kardashian sizzles down social media with topless, nude photographs | See Gallery
Kim Kardashian sizzles down social media with topless, nude photographs | See Gallery
Bollywood starlets who went seductive for Peta’s animal welfare campaign | Hot Photographs
Bollywood starlets who went seductive for Peta’s animal welfare campaign | Hot Photographs
Sexy Sunny Leone Grooves in Desi Avatar in Saiyaan Superstar Song from Leela
Sexy Sunny Leone Grooves in Desi Avatar in Saiyaan Superstar Song from Leela
Zoom Holi 2015 Party at Darya Mahal
Zoom Holi 2015 Party at Darya Mahal
Salman Khan's Holi Bash With Family, Friends
Salman Khan's Holi Bash With Family, Friends
Next

Related Stories:-

BREAKING NEWS
Australia beats New Zealand by 7 wickets to clinch 5th World Cup trophy
 
Opinion Polls
Should Mulayam Singh Yadav expel Azam Khan for using foul language against him?
Yes
No
Can't Say


Pardaphash name, logo and all associated elements ® and © 2011 Mahakaal News Management Pvt. Ltd.
All rights reserved. Pardaphash and the Pardaphash logo are registered marks of Mahakaal News management Pvt. Ltd.
Pardaphash is hosted with Enzoo could compute engine.
Valid XHTML 1.0 Transitional
This page is generated in : 0.004 Seconds




EXCLUSIVE: Azam Khan drives bus; Hits divider, risk hundreds of lives