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NABARD Launched Development Projects worth Rs 44 lakhs in Andaman and Nicobar Islands

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A&N Islands NABARD launches development projectsNational Bank for Agriculture and Rural Development(NABARD) launched development projects of Rs 44 lakhs in Andaman and Nicobar Islands to strengthen the Atmanirbhar Bharat through rural entrepreneurship.

  • The development projects include formation and development of Self-Help Groups(SHGs).

Highlights of the Development projects

i.The development project will help in skill development of SHGs members to promote rural entrepreneurship at the micro level.

ii.NABARD will conduct 385 village-level programmes. It will also provide training to leaders of newly formed SHGs with an amount of more than RS 10 lakh. 

iii.Women who are attached to SHGs in Little Andaman will be trained for Mushroom Cultivation and Bamboo Handicrafts making

iv.A four -month long training programme for tour and travel agents in Swaraj Dweep will also be conducted.

Micro-Entrepreneurship Development Programme

An annual Micro-Entrepreneurship Development Programme to be conducted for 150 members of various SHGs in Mayabunder in Middle Andaman. 

NABARD partnered with CARI 

NABARD has also partnered with the Centre of Agriculture Research Institute(CARI) to conduct agricultural programmes with an amount of Rs 20 lakh.

Atmanirbhar Bharat

i.Banks are providing a sales platform to sell local products by financing Rural Haats in Gram Panchayats as a part of Atmanirbhar Bharat initiative.

ii.A total of Rs 7.6 lakhs have been released to establish one such Haat in Namunaghar Panchayat of South Andaman.  

About NABARD:
Headquarters– Mumbai, Maharashtra
Chairman– G R Chintala

About Andaman and Nicobar Islands
Capital– Port Blair
Lieutenant Governor– Admiral Devendra Kumar Joshi