NABARD disbursed Rs 2.51 cr grant assistance to SHGs & Rs 221.89 cr to support 298 watershed project in Karnataka

National Bank for Agriculture and Rural Development (Nabard) has disbursed Rs 2.51 crore of grant assistance to Self Help Groups (SHGs) for promotion, skill development and digitisation of records in Karnataka. This funding is a part of EShakti or Digitisation of SHGs an initiative of Micro Credit and Innovations Department (mCID) of NABARD. The project is being implemented in 250 districts across the country.

• In Karnataka, the project E-Shakti is under implementation in seven districts. So far, 1.17 lakh SHGs are digitised. The cumulative grant assistance of Rs 6.47 crore was released for SHG promotion.

NABARD extends grant assistance of Rs 221.89 cr to support 298 watershed project in Karnataka

In Karnataka, NABARD has extended a grant assistance of Rs 221.89 crore to support 298 watershed projects in over three lakh hectares benefitting 66,500 families. The State has about 75% of rainfed area. The projects have resulted in improving the crop productivity, diversification, soil and water conservation and socio-economic condition of the beneficiaries.

• Notably, NABARD celebrated its 39th Foundation Day on July 12, 2020 and has announced Rs 5,000 crore of refinance scheme for banks and also earmarked another Rs 5,000 crore for turning Primary Agricultural Credit Societies (PACS), into multi service centres.Click here to Read about NABARD’s “digital choupal”. 

Point to be noted:

-To mitigate the COVID 19 impact on rural population, NABARD has released Rs 2200 crore in the state to the Co-operative and Regional Rural Banks under a special line of credit over and above the normal limits.

About National Bank for Agriculture and Rural Development (NABARD):
Chairman– G R Chintala
Headquarter– Mumbai, Maharashtra