NABARD's augmented-support boosts rural economy in J&K, Ladakh UTs in 2020-21
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Jammu, April 8 -- Keeping in line with its vision "Development Bank of the Nation", NABARD augmented support to the various sectors of rural economy during 2020-21, for overall development of Jammu & Kashmir and Ladakh UTs.
The sanctions under various interventions were higher by 70% over the last year.
NABARD's stress on boosting the capital formation resulted in disbursement of refinance of Rs 111 crore to Regional Rural Banks.
To support the agriculture production activities of farmers, short term refinance to the tune of Rs 50 crore was extended during 2020-21. Further, in Atam Nirbhar Package of Government of India under Additional Emergency Working Capital Funding for farmers, NABARD extended a support of Rs 150 crore to JKGB.
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