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Nabard starts infra lending to diversify by Atmadip Ray

The National Bank for Agriculture & Rural Development, or Nabard, has started lending directly to infrastructure projects out of its own resources for the first time in 30 years, in an attempt to diversify its activities and make itself relevant at a time when the dynamics of the rural market are changing.  Essentially a refinance bank till recently, Nabard has created a Rs 1,000-crore special window for lending to build core...

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NABARD allocates Rs 2,000 crore for foodgrain storage warehouses

-PTI   National Bank for Agriculture and Rural Development (NABARD) today said it has earmarked Rs 2,000 crore for building warehouses which will help in facilitating distribution of foodgrain to poor under the proposed Food Security Act. "Under RIDF ( Rural Infrastructure Development Fund), we have proposed to provide funds to the tune of Rs 2,000 crore exclusively for construction of scientific godowns across the country in this fiscal," NABARD Executive Director S...

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Asset quality, less credit to rural areas a concern: RBI

-The Economic Times   The Reserve Bank today expressed concern over asset quality of banks and lower credit flow to rural areas, despite the fact that performance of Indian banks improved during the 2010-11 period.  In its report titled 'Trend and Progress of Banking in India 2010-2011', RBI said that the Indian banking sector demonstrated continued revival from the peripheral spill over effects of the recent global financial turmoil in 2010-11, but despite...

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Banks should lead the war on poverty by MS Swaminathan

At BANCON (annual bankers' conference) 2011 in Chennai, financial institutions explored avenues for greater participation in agriculture and rural development. There are a few areas in need of additional attention and investment. Green Revolution technologies are scale-neutral but not resource-neutral. Inputs are needed for output; therefore market-purchased inputs become important in providing soil and plant healthcare for higher yields. Social scientists point out that small and marginal farmers will be excluded...

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Women Hung Out to Dry in Global Labour Market by Kanya D'Almeida

Amid policy battles over food production, energy resources and economic decline, one untapped natural resource that is guaranteed to boost production on a global scale has been stubbornly overlooked – the power of women in the labour force. According to the World Bank's 2012 World Development Report (WDR) "Gender Equality and Development", ensuring equal access for women farmers would increase maize yields by 11 to 16 percent in Malawi and 17...

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