Nabard
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FICCI–RURAL MARKETING SUMMIT 2005 THEME :- New Initiatives For Credit Flow In Rural Areas
PRESENTED BY : S K MITRA, EXECUTIVE DIRECTOR, NABARD 08 OCTOBER 2005
PUBLIC POLICY INITIATIVES/PRONOUNCEMENT ¾18 JUNE 2004 – Pronouncement of Hon. Finance Minister for Doubling of Agricultural Credit in 3 years ¾NABARD Coordinates/Monitors the agricultural credit flow for Commercial Banks (both public & private), RRBs, Cooperative Banks (both SCBs/CCBs & SCARDBs)
POLICY INITIATIVES ¾Making ineligible farmers eligible for support from banks (Relief to farmers in arrears, farmers in distress, one-time settlement, etc.) ¾Increasing credit flow growth – 30% over last year’s disbursement (100 new farmers per branch, 2 to 3 agrl. Investment projects/branch, 10 Agri Clinics Agri Business Centres per district, educational loans, etc.)
GROUND LEVEL CREDIT FLOW 2004-05 (RS. CRORES) Agency
Target
Com. Banks
57,000
RRBs
8,500
Coop. Banks TOTAL
39,000 1,04,500
Achievement % of Target 72,886 (52,441) 11,718 (7,581) 30,638 (26,875) 1,15,242 (86,897)
( ) represents achievement of 2003-04
128 % 138 % 79 %
GROUND LEVEL CREDIT FLOW 2004-05 (Rs.Crores) 80000 70000 60000 50000 Target A c h ie ve m e n t
40000 30000
C o o p .B k s 37%
20000
CBs CBs 55%
10000 0 CBs
RRBs
C o o p .B k s
RRBs 8%
RRBs C o o p .B k s
PROGRESS DURING 2005-06 Rs. Crores Agency
Target
Disb.(AprAug. 2004)
Target (2005-06)
Disb. (AprAug. 2005)
Growth in disb. Over Aug. 2004
Comm. Banks
57000
22639.29 (39.71%)
87200
36304.42 (41.63%)
60.36%
Coop. Banks
39000
14760.44 (37.84%)
39600
18556.03 (46.85%)
25.72%
RRBs
8500
4537.53 (53.38%)
15200
6603.81 (43.45%)
45.53%
Total
104500 (say 105000)
41937.26 (39.94%)
142000
61464.26 (43.28%)
46.56%
OTHER IMPORTANT INITIATIVES - 2005-06 i) Launching of National Horticultural Mission Doubling of horticultural production by 2011-12 to 300 million tons (Action Plans already approved for States like Maharashtra, Orissa, UP, Chhatisgarh, Andhra Pradesh , Karnataka, Rajasthan, Tamil Nadu, West Bengal) .....contd..
OTHER IMPORTANT INITIATIVES - 2005-06 ....contd... ii) Credit-cum-subsidy schemes in various sectors (cold storage, rural godowns, marketing infrastructure, market yards, grading/packaging, organic farming, food & agro processing, etc. iii)Zero Cost Capital Support for Dairy & Poultry iv) Coverage of all eligible farmers under KCC v) Revision of scale of finance & unit cost
OTHER IMPORTANT INITIATIVES - 2005-06 ....contd...
vi) Increasing thrust of micro credit support through : - mFI & SHG-Bank Linkage - Augmentation of mFDFD to Rs. 200 Crs. - Rating of mFI for easier access to banks - SHG formation and financing in 13 nonSouthern states Banking Correspondent & ‘Business Facilitator Models’ for Commercial Banks (Khan Committee recommendations)
Other Initiatives eventually contributing to increase in credit flow ¾Creation of Rural Infrastructures like roads, bridges, irrigation structures, etc. ¾Loans out of Rural Infrastructure Development Fund (RIDF) with NABARD to State Govts. ¾Grants under Rashtriya Sama Vikas Yojana (RSVY) of Planning Commission in 150 backward dists.(Rs. 15 crores per dist. Per year for 3 years ....contd...
Other Initiatives eventually contributing to increase in credit flow ...contd ¾Expansion of District Rural Industries Project (DRIP) to another 26 districts during 2005-06 ¾Developing artisan clusters by NABARD, UNIDO, SIDBI, DC Handlooms, etc. ...contd..
Other Initiatives eventually contributing to increase in credit flow ...contd... ¾Participatory watershed projects in dryland areas for improving soil & water use ¾Developing private wastelands based on agri-horti-forestry models with proper backward linkage support and forward buyback arrangements
Cumulative Growth in SHG-Bank Linkage(As on 31 March) Priority States Assam Bihar Chhattisgarh Gujarat HP Jharkhand Maharashtra MP Orissa Rajasthan UP Uttaranchal West Bengal Total
2002 1,024 3,957 3,763 9,496 5,069 4,198 19,619 7,981 20,553 12,56 33,14 3,323 1,143 1,41,804
2003 3,477 8,161 6,763 13,875 8,875 7,765 28,065 15,271 42,272 22,742 53,696 5,853 32,647 2,49,462
2004 10,706 16,246 9,796 15,974 13,228 12,647 38,535 27,095 77,588 33,846 79,210 10,908 51,685 3,97,464
2005 27,223 21,507 14,257 23,781 16,158 19,946 55,397 38,943 1,10,364 53,739 1,08,315 13,117 77,201 5,81,986
PRESENTED BY : S K MITRA, EXECUTIVE DIRECTOR, NABARD 08 OCTOBER 2005
PUBLIC POLICY INITIATIVES/PRONOUNCEMENT ¾18 JUNE 2004 – Pronouncement of Hon. Finance Minister for Doubling of Agricultural Credit in 3 years ¾NABARD Coordinates/Monitors the agricultural credit flow for Commercial Banks (both public & private), RRBs, Cooperative Banks (both SCBs/CCBs & SCARDBs)
POLICY INITIATIVES ¾Making ineligible farmers eligible for support from banks (Relief to farmers in arrears, farmers in distress, one-time settlement, etc.) ¾Increasing credit flow growth – 30% over last year’s disbursement (100 new farmers per branch, 2 to 3 agrl. Investment projects/branch, 10 Agri Clinics Agri Business Centres per district, educational loans, etc.)
GROUND LEVEL CREDIT FLOW 2004-05 (RS. CRORES) Agency
Target
Com. Banks
57,000
RRBs
8,500
Coop. Banks TOTAL
39,000 1,04,500
Achievement % of Target 72,886 (52,441) 11,718 (7,581) 30,638 (26,875) 1,15,242 (86,897)
( ) represents achievement of 2003-04
128 % 138 % 79 %
GROUND LEVEL CREDIT FLOW 2004-05 (Rs.Crores) 80000 70000 60000 50000 Target A c h ie ve m e n t
40000 30000
C o o p .B k s 37%
20000
CBs CBs 55%
10000 0 CBs
RRBs
C o o p .B k s
RRBs 8%
RRBs C o o p .B k s
PROGRESS DURING 2005-06 Rs. Crores Agency
Target
Disb.(AprAug. 2004)
Target (2005-06)
Disb. (AprAug. 2005)
Growth in disb. Over Aug. 2004
Comm. Banks
57000
22639.29 (39.71%)
87200
36304.42 (41.63%)
60.36%
Coop. Banks
39000
14760.44 (37.84%)
39600
18556.03 (46.85%)
25.72%
RRBs
8500
4537.53 (53.38%)
15200
6603.81 (43.45%)
45.53%
Total
104500 (say 105000)
41937.26 (39.94%)
142000
61464.26 (43.28%)
46.56%
OTHER IMPORTANT INITIATIVES - 2005-06 i) Launching of National Horticultural Mission Doubling of horticultural production by 2011-12 to 300 million tons (Action Plans already approved for States like Maharashtra, Orissa, UP, Chhatisgarh, Andhra Pradesh , Karnataka, Rajasthan, Tamil Nadu, West Bengal) .....contd..
OTHER IMPORTANT INITIATIVES - 2005-06 ....contd... ii) Credit-cum-subsidy schemes in various sectors (cold storage, rural godowns, marketing infrastructure, market yards, grading/packaging, organic farming, food & agro processing, etc. iii)Zero Cost Capital Support for Dairy & Poultry iv) Coverage of all eligible farmers under KCC v) Revision of scale of finance & unit cost
OTHER IMPORTANT INITIATIVES - 2005-06 ....contd...
vi) Increasing thrust of micro credit support through : - mFI & SHG-Bank Linkage - Augmentation of mFDFD to Rs. 200 Crs. - Rating of mFI for easier access to banks - SHG formation and financing in 13 nonSouthern states Banking Correspondent & ‘Business Facilitator Models’ for Commercial Banks (Khan Committee recommendations)
Other Initiatives eventually contributing to increase in credit flow ¾Creation of Rural Infrastructures like roads, bridges, irrigation structures, etc. ¾Loans out of Rural Infrastructure Development Fund (RIDF) with NABARD to State Govts. ¾Grants under Rashtriya Sama Vikas Yojana (RSVY) of Planning Commission in 150 backward dists.(Rs. 15 crores per dist. Per year for 3 years ....contd...
Other Initiatives eventually contributing to increase in credit flow ...contd ¾Expansion of District Rural Industries Project (DRIP) to another 26 districts during 2005-06 ¾Developing artisan clusters by NABARD, UNIDO, SIDBI, DC Handlooms, etc. ...contd..
Other Initiatives eventually contributing to increase in credit flow ...contd... ¾Participatory watershed projects in dryland areas for improving soil & water use ¾Developing private wastelands based on agri-horti-forestry models with proper backward linkage support and forward buyback arrangements
Cumulative Growth in SHG-Bank Linkage(As on 31 March) Priority States Assam Bihar Chhattisgarh Gujarat HP Jharkhand Maharashtra MP Orissa Rajasthan UP Uttaranchal West Bengal Total
2002 1,024 3,957 3,763 9,496 5,069 4,198 19,619 7,981 20,553 12,56 33,14 3,323 1,143 1,41,804
2003 3,477 8,161 6,763 13,875 8,875 7,765 28,065 15,271 42,272 22,742 53,696 5,853 32,647 2,49,462
2004 10,706 16,246 9,796 15,974 13,228 12,647 38,535 27,095 77,588 33,846 79,210 10,908 51,685 3,97,464
2005 27,223 21,507 14,257 23,781 16,158 19,946 55,397 38,943 1,10,364 53,739 1,08,315 13,117 77,201 5,81,986
