Financial Support for RSETI/RUDSETI Programs
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Questions and Answers

What is the maximum grant support amount provided to RSETIs/RUDSETIs for training equipment and maintenance?

₹4.50 lakh

As per the Government of India, which organization coordinated with RRBs for the implementation of Special Campaign 3.0?

NABARD

What was the total number of new PMJDY accounts opened during the Special Financial Literacy Camps?

1.05 lakh

How many financial literacy awareness camps were organized across the country by RRBs?

<p>640</p> Signup and view all the answers

What initiative did the Government of India assign to NABARD in relation to digital payments?

<p>To promote digital payments in 30 Mandis.</p> Signup and view all the answers

What is one of the main benefits of promoting digital payments within APMCs/mandis?

<p>Enhanced transparency in financial transactions.</p> Signup and view all the answers

How many people freshly enrolled under the Atal Pension Yojana (APY) during the Special Campaign 3.0?

<p>34,279</p> Signup and view all the answers

What year was the Cooperative Development Fund (CDF) established?

<p>1992-93</p> Signup and view all the answers

What was the initial corpus of the Cooperative Development Fund?

<p>₹10 crore</p> Signup and view all the answers

What type of assessments were conducted to promote digital payments in Mandis?

<p>Gap assessments of existing financial transactions and digital infrastructure.</p> Signup and view all the answers

As of March 31, 2024, what was the cumulative expenditure incurred under the CDF?

<p>₹326.94 crore</p> Signup and view all the answers

Which organization is responsible for managing the Cooperative Development Fund?

<p>NABARD</p> Signup and view all the answers

What purpose did the CDF serve in relation to PACS?

<p>Infrastructure facilities and capacity building</p> Signup and view all the answers

What type of educational programs were conducted by BIRD for cooperative banks?

<p>Training programs</p> Signup and view all the answers

What was the CDF's disbursement for infrastructure in PACS for the year 2022-23?

<p>₹273.34 lakh</p> Signup and view all the answers

What does 'BDPIC' stand for within the context of CDF initiatives?

<p>Business Diversification and Product Innovation Cell</p> Signup and view all the answers

Which agencies received the highest disbursement under the CDF for the year 2021-22?

<p>CTIs</p> Signup and view all the answers

How many lakh rupees were allocated for exposure visits of StCB/DCCB/PACS in 2023-24?

<p>₹98.86 lakh</p> Signup and view all the answers

What significant event was inaugurated by the Prime Minister on 24 February 2024?

<p>The Prime Minister inaugurated 18,000 digitised PACS.</p> Signup and view all the answers

How many PACS personnel participated in the inaugural event facilitated by NABARD?

<p>3,000 PACS personnel participated.</p> Signup and view all the answers

What event did NABARD facilitate for PACS Chairpersons on 26 January 2024?

<p>NABARD facilitated the participation of PACS Chairpersons at the Republic Day Parade.</p> Signup and view all the answers

Who launched the project for Computerisation of ARDBs on 30 January 2024?

<p>Shri Amit Shah, the Hon'ble Union Minister of Home &amp; Cooperation, launched the project.</p> Signup and view all the answers

What was the main objective of the national level committee constituted on 2nd September 2022?

<p>To formulate the New National Cooperation Policy.</p> Signup and view all the answers

Which agency is responsible for the implementation of the Computerisation of ARDBs?

<p>NABARD is the implementing agency.</p> Signup and view all the answers

How many units of ARDBs are being targeted for computerisation under this project?

<p>1851 units of ARDBs are targeted for computerisation.</p> Signup and view all the answers

Who chaired the committee on National Policy on Cooperation?

<p>Shri Suresh Prabhakar Prabhu chaired the committee.</p> Signup and view all the answers

State one key role of NABARD in the events mentioned in the content.

<p>NABARD facilitated participation and implementation of cooperative initiatives.</p> Signup and view all the answers

What was the date of the launch of the ARDB Computerisation project?

<p>The project was launched on 30 January 2024.</p> Signup and view all the answers

What is the primary goal of computerizing all functional PACS in the country?

<p>To manage data under a single software and generate reports for all stakeholders.</p> Signup and view all the answers

How does the Cooperative Governance Index (CGI) assist Rural Cooperative Banks?

<p>It gauges the efficiency of corporate governance standards in cooperative banks.</p> Signup and view all the answers

What is the purpose of the RRB Darpan Portal?

<p>To monitor the viability plans of RRBs and ensure they achieve set targets within three years.</p> Signup and view all the answers

What is NABARD's main focus in its supervisory role?

<p>To ensure the safety of business and protect the interests of current and future depositors.</p> Signup and view all the answers

What legal framework governs the regulation and supervision of banks in India?

<p>The Banking Regulation Act, 1949/AACS.</p> Signup and view all the answers

What inspection achievement did the Department of Supervision reach in the financial year 2023-24?

<p>They achieved a 100% inspection target for 357 statutory/voluntary inspections.</p> Signup and view all the answers

What methods does NABARD employ for bank supervision?

<p>Annual/Bi-ennial on-site inspections and off-site surveillance.</p> Signup and view all the answers

What is the significance of implementing technology in RRBs and RCBs?

<p>To enable customer/member-centric digital services.</p> Signup and view all the answers

How does computerization benefit the ARDBs and its branches?

<p>It aids in streamlining operations and enhancing data management capabilities.</p> Signup and view all the answers

What role do statutory/voluntary inspections play in NABARD's supervision?

<p>They ensure compliance with acts, rules, regulations, and bye-laws by the banks.</p> Signup and view all the answers

What is the purpose of FATF's mutual evaluations, and when did India undergo its second evaluation?

<p>The purpose of FATF's mutual evaluations is to analyze the implementation and effectiveness of measures to combat money laundering and terrorist financing. India underwent its second evaluation in November 2023.</p> Signup and view all the answers

Identify the organizations involved in the workshops on KYC, AML, and CFT conducted for Principal Officers of RCBs and RRBs.

<p>The organizations involved were NABARD, FIU-IND, CERSAI, RBI, and IDBI Intech Ltd.</p> Signup and view all the answers

Describe the Supervisory Action Framework – Self Initiative for Turn Around (SAF-SITA) and its implementation date.

<p>The SAF-SITA framework is introduced to initiate self-corrective actions in Rural Cooperative Banks based on defined trigger points. It will be effective from 01 April 2024.</p> Signup and view all the answers

What innovative approach has NABARD introduced for bank supervision, and how is it differentiated?

<p>NABARD introduced the Senior Supervisory Manager (SSM) concept, which involves selectively appointing SSMs for banks based on a differentiated approach to risks. This allows for tailored engagement based on each bank's asset size.</p> Signup and view all the answers

How many RRBs, State Co-operative Banks, and DCCB were taken up for IT examination during FY 2023-24, and what were their levels?

<p>During FY 2023-24, four RRBs, thirteen State Co-operative Banks, and one DCCB in Level III and IV were taken up for IT examination.</p> Signup and view all the answers

Which organization provided technical support to NABARD for its climate finance initiatives?

<p>Asian Development Bank</p> Signup and view all the answers

What was one of the primary focuses of the new green products being developed?

<p>Climate resilient dairy</p> Signup and view all the answers

Which of the following frameworks was implemented in collaboration with the Ministry of Agriculture and Farmers Welfare?

<p>Voluntary Carbon Market framework</p> Signup and view all the answers

Which international organization did NABARD partner with to host Data in Climate Resilient Agriculture (DiCRA)?

<p>United Nations Development Programme</p> Signup and view all the answers

What initiative was launched in collaboration with the Government of Goa?

<p>Blended Finance Facility</p> Signup and view all the answers

Which initiative aims to support smallholder farmers within NABARD’s Natural Resource Management projects?

<p>Carbon Credit framework</p> Signup and view all the answers

What type of programs is being designed as part of the initiatives mentioned?

<p>Green Literacy Programs</p> Signup and view all the answers

What role does the Technical Support Unit (TSU) play in NABARD's efforts?

<p>Assistance in climate finance initiatives</p> Signup and view all the answers

What is the primary focus of the collaboration between NABARD and GIZ under the CAFRI II programme?

<p>Mobilization of climate finance for gender-responsive measures</p> Signup and view all the answers

What was the outcome of the grievances received by the CPD in the fiscal year 2023-24?

<p>Higher rate of grievances received compared to the previous year</p> Signup and view all the answers

Which of the following organizations is NOT mentioned as having collaborated or communicated with NABARD in 2023-24?

<p>International Monetary Fund</p> Signup and view all the answers

What feature does the NABSamvad portal provide for departmental meetings?

<p>A database for easy retrieval of agenda and proceedings</p> Signup and view all the answers

What percentage of grievances were disposed of by CPD as of March 31, 2024?

<p>88%</p> Signup and view all the answers

What percentage of the target was achieved for overall agricultural credit disbursal during 2023-24?

<p>114%</p> Signup and view all the answers

Which agency had the highest achievement in terms of total agricultural credit during 2023-24?

<p>Commercial Banks</p> Signup and view all the answers

What was the target for working capital in Animal Husbandry for the 2023-24 fiscal year?

<p>₹1,40,000 crore</p> Signup and view all the answers

What is the proposed Agriculture Credit Target for the fiscal year 2024-25?

<p>₹22.50 lakh crore</p> Signup and view all the answers

Which activity had the lowest target for term loan within the sub-targets for Animal Husbandry?

<p>Poultry</p> Signup and view all the answers

How much was achieved in Crop Loans by Rural Cooperative Banks as of February 29, 2024?

<p>₹1,95,181 crore</p> Signup and view all the answers

What was the total achievement for RRBs in the overall agricultural credit, as presented?

<p>₹2,76,984 crore</p> Signup and view all the answers

Which agency experienced a shortfall in achieving its Term Loan target during 2023-24?

<p>Rural Cooperative Banks</p> Signup and view all the answers

What was the total disbursal amount achieved by all agencies combined under agricultural credit up to February 29, 2024?

<p>₹22,84,000 crore</p> Signup and view all the answers

What was the achievement for the term loans in dairy as part of the sub-targets for Animal Husbandry?

<p>₹66,000 crore</p> Signup and view all the answers

What was the focus of the Study Visit by the Standing Committee on Social Justice and Empowerment on November 3, 2023?

<p>Assessing the welfare roles of NABARD</p> Signup and view all the answers

How many oral evidence sessions were conducted by the Parliamentary Standing Committee on Finance regarding credit to the agricultural sector?

<p>Two</p> Signup and view all the answers

During which month and year did the Committee on Empowerment of Women conduct their study visit?

<p>January 2024</p> Signup and view all the answers

What was the total number of Parliamentary Questions related to various financial aspects during FY 2023-24?

<p>196</p> Signup and view all the answers

Which organization is specifically mentioned in relation to an informal discussion with the Standing Committee on Subordinate Legislation in January 2024?

<p>NABARD</p> Signup and view all the answers

What was the subject of the Study Visit conducted by the Committee on Government Assurances on August 23, 2023?

<p>New Schemes in PPP Mode</p> Signup and view all the answers

On what dates did the oral evidence sessions concerning NABARD’s role in credit to the agricultural sector occur?

<p>November 17 and December 22</p> Signup and view all the answers

Which of the following places was visited by the Standing Committee on Governance during their study visit in August 2023?

<p>Thiruvananthapuram</p> Signup and view all the answers

What was the focus of the discussion during the study visit to Goa in January 2024?

<p>Field investigations related to NABARD</p> Signup and view all the answers

Which of the following topics was NOT covered in the Parliamentary Committee visits?

<p>Urban development policies</p> Signup and view all the answers

What was the approved Business Budget for FY 2024-25 as per the Board's 256th meeting?

<p>₹5,30,756 crore</p> Signup and view all the answers

What percentage of India's GVA is expected to be constituted by the agriculture sector in FY24?

<p>18%</p> Signup and view all the answers

What was the target amount for Ground Level Credit (GLC) flow to agriculture in FY 2022-23?

<p>₹18,50,000 crore</p> Signup and view all the answers

What was the achievement percentage of the Ground Level Credit flow to agriculture in FY 2022-23?

<p>116%</p> Signup and view all the answers

What is the estimated balance sheet size expected as of 31 March 2025?

<p>₹10 lakh crore</p> Signup and view all the answers

Which initiative is related to climate change adaptation and water harvesting in Rajasthan?

<p>Mukhyamantri Jal Swavlamban Abhiyaan</p> Signup and view all the answers

What CAGR did the Indian agriculture sector achieve during the five-year period ending FY 2023?

<p>4%</p> Signup and view all the answers

Which of these sectors is NOT mentioned in relation to the solar rooftop segment project in India?

<p>Agricultural</p> Signup and view all the answers

What significant aspect does the GCF project focus on?

<p>Solar Rooftop Implementation</p> Signup and view all the answers

In which blocks is the Mukhyamantri Jal Swavlamban Abhiyaan implemented?

<p>Banswara and Anandpuri</p> Signup and view all the answers

What was the primary objective of the Technical Collaboration programmes with GIZ?

<p>To reinforce NABARD's capacity to mobilize climate finance for gender-responsive adaptation</p> Signup and view all the answers

Which organization is NOT mentioned as collaborating with NABARD during the 2023-24 period?

<p>International Monetary Fund</p> Signup and view all the answers

What was the disposal rate of grievances received during the financial year 2023-24?

<p>88%</p> Signup and view all the answers

Which program does the NABSamvad portal primarily aim to digitize?

<p>Meetings conducted by various NABARD departments</p> Signup and view all the answers

What significant aspect of the grievance handling process is highlighted for the financial year 2023-24?

<p>A high disposal rate of appeals</p> Signup and view all the answers

What is the main purpose of the Department of Climate Action and Sustainability established by NABARD?

<p>To focus on climate action and sustainable operations</p> Signup and view all the answers

Which funding mechanism enabled NABARD to sanction forty climate action projects?

<p>National Adaptation Fund for Climate Change</p> Signup and view all the answers

What initiative was approved by the RBI to support innovative projects focusing on adaptation?

<p>Climate Change Fund - Interest Differential</p> Signup and view all the answers

What major step has NABARD taken towards achieving Corporate Net Zero?

<p>Initiated the policy framework for Green Taxonomy</p> Signup and view all the answers

Which organization did NABARD partner with to facilitate climate finance initiatives?

<p>Tata Capital Ltd.</p> Signup and view all the answers

What is the total amount of financial assistance facilitated for climate action projects by NABARD?

<p>₹1971.56 crore</p> Signup and view all the answers

Which fund was utilized by NABARD to explore new financial tools/models for small and mid-size projects?

<p>Climate Change Fund - Interest Differential</p> Signup and view all the answers

What significant event took place during the financial year 2023-24 concerning NABARD's climate efforts?

<p>Re-accreditation as Direct Access Entity of GCF</p> Signup and view all the answers

What is the total amount disbursed by government agencies for the financial year 2023-24 as of 29 February 2024?

<p>₹22.84 lakh crore</p> Signup and view all the answers

Which agency achieved the lowest target for term loans in the agriculture sector during 2023-24?

<p>Rural Cooperative Banks</p> Signup and view all the answers

What is the overall shortfall in funding for the Total GLC targets as of 29 February 2024?

<p>₹1,16,001 crore</p> Signup and view all the answers

What was the working capital target for the dairy sector in the GLC for 2023-24?

<p>₹39,000 crore</p> Signup and view all the answers

How much credit was proposed for the Agriculture Credit Target for FY 2024-25?

<p>₹22.50 lakh crore</p> Signup and view all the answers

What was the primary purpose of the Committee to review Institution of DDMs?

<p>To suggest measures to strengthen the DDM setup</p> Signup and view all the answers

Which states were involved in the initial rollout of Cluster Offices during 2021-22?

<p>Punjab, Haryana, and Telangana</p> Signup and view all the answers

Which activity within Animal Husbandry received the highest term loan target?

<p>Sheep Goat, Piggery &amp; Others</p> Signup and view all the answers

What was the achievement of Regional Rural Banks (RRBs) in terms of total loans as of 29 February 2024?

<p>₹2,76,984 crore</p> Signup and view all the answers

During which meeting was the Study Report on the performance of Cluster Offices presented?

<p>253rd Board of Directors Meeting</p> Signup and view all the answers

What was the total amount planned for Animal Husbandry as part of the GLC targets?

<p>₹2,93,000 crore</p> Signup and view all the answers

What specific aspect did the Committee to review Institution of DDMs NOT cover?

<p>Setting up new financial regulations</p> Signup and view all the answers

What was the total number of Cluster Offices rolled out in Tamil Nadu during 2022-23?

<p>10 Cluster Offices</p> Signup and view all the answers

What percentage achievement was recorded against the total credit disbursement target for 2023-24?

<p>114%</p> Signup and view all the answers

How much was disbursed by Rural Cooperative Banks against their total target?

<p>₹2,10,205 crore</p> Signup and view all the answers

Who conducted the Study on the ‘Performance of Cluster Offices’?

<p>Welingkar Institute of Management Development and Research, Mumbai</p> Signup and view all the answers

How many districts did the 10 Cluster Offices in Tamil Nadu cover during their rollout?

<p>39 districts</p> Signup and view all the answers

Which of the following was NOT one of the aspects covered by the Committee's Terms of Reference?

<p>Governing laws for microfinance institutions</p> Signup and view all the answers

What was the date of the 154th meeting of the Executive Committee where the memorandum on credit planning was presented?

<p>30 November 2023</p> Signup and view all the answers

Which of the following was a finding of the study assigned for evaluation of Cluster Offices?

<p>Ineffective use of digital platforms for outreach</p> Signup and view all the answers

What was the primary focus of the meeting held on 2nd February 2024 with the Priority Sector Chiefs of Scheduled Commercial Banks?

<p>Discussing Regional Disparity in Agriculture Credit</p> Signup and view all the answers

Which banks participated in the meeting on Regional Disparity in Agriculture Credit?

<p>Public, Private, and Foreign Banks</p> Signup and view all the answers

Which issue was highlighted by banks during the discussion at the Priority Sector Chiefs meeting?

<p>Lack of proper land record data</p> Signup and view all the answers

What event did CPD coordinate on 12th July 2023 for the organization’s anniversary?

<p>The 42nd Foundation Day celebration</p> Signup and view all the answers

Who was the Chief Guest at the 42nd Foundation Day celebration organized in July 2023?

<p>The Union Minister for Home &amp; Cooperation</p> Signup and view all the answers

Which major agenda item was NOT discussed at the Priority Sector Chiefs meeting?

<p>Assessment of banking technology</p> Signup and view all the answers

What significant challenge related to loans was addressed during the discussions with banks?

<p>Repayment issues in Collateral Free Loans</p> Signup and view all the answers

How many total participants attended the meeting on 2nd February 2024?

<p>48 participants</p> Signup and view all the answers

What was one of the discussions concerning innovations in agriculture during the meeting?

<p>Development of a comprehensive national portal</p> Signup and view all the answers

Which of the following was a common issue highlighted by the banks during the discussions?

<p>Tenant farmers and landless cultivators' issues</p> Signup and view all the answers

Study Notes

Financial Support and Initiatives

  • One-time grant support of up to ₹4.50 lakh provided to RSETI/RUDSETI for training equipment purchase and maintenance.
  • Funding available for banks to operate Business & Skill Development Centres, including RSETIs/RUDSETIs.

Special Campaign 3.0

  • Launched by DFS, coordinated by NABARD with all RRBs for financial literacy.
  • Conducted 640 awareness camps in October 2023, leading to significant financial inclusivity:
    • 1.05 lakh new PMJDY accounts opened
    • 1.78 lakh fresh enrollments under PMSBY
    • 94,209 enrollments under PMJJBY
    • 34,279 enrollments under APY

Digital Payment Promotion in Mandis

  • Government assigned NABARD to promote digital payments in 30 Mandis.
  • Steps include collaboration with NPCI, SFAC, and other stakeholders, and conducting gap assessments for digital infrastructure.
  • Initiative aims to enhance transparency and efficiency in financial transactions within Mandis and surrounding villages.

Institutional Support for Rural Cooperative Banks

  • Cooperative Development Fund (CDF) established in 1992-93 with an initial corpus of ₹10 crore for PACS infrastructure and training.
  • Total cumulative expenditure under CDF reached ₹326.94 crore as of March 31, 2024.
  • Recent funding purposes included infrastructure development, training, exposure visits, and conferences.

Digitization and Participation Events

  • Prime Minister inaugurated 18,000 digitized PACS on February 24, 2024, attended by 3,000 PACS personnel.
  • NABARD facilitated the participation of 250 PACS Chairpersons and spouses at the Republic Day Parade in January 2024.
  • Launch of ARDB Computerization project by the Union Minister for Computerization of 1851 ARDB units in various states, with NABARD as the implementing agency.

National Policy on Cooperation

  • National committee established in September 2022, led by Shri Suresh Prabhu, to formulate a new cooperation policy.
  • Goals include comprehensive PACS computerization under a centralized software platform and establishing Cooperative Governance Index for rural banks.

Supervisory Role of NABARD

  • NABARD's supervision ensures safety and soundness of supervised entities in compliance with the Banking Regulation Act, 1949.
  • Achieved 100% inspection target for inspections of Rural Cooperative Banks and RRBs in FY 2023-24.
  • India's second mutual evaluation by FATF conducted in November 2023, with NABARD engaging in the assessment process.
  • Introduced Self Initiative for Turn Around (SAF-SITA) for Rural Cooperative Banks, focusing on self-corrective measures.
  • Senior Supervisory Managers appointed for selected banks based on size, addressing credit, market, and operational risks.

Climate Finance Initiatives

  • ₹2.82 crore allocated for initiatives under CCF and CCF-ID.
  • Development of new green products: climate resilient dairy, solar agri pumps, rural electric mobility, energy efficiency, and rooftop solar home loans.
  • Identification of potential state projects based on State Action Plan on Climate Change (SAPCC) commenced.

Collaborative Frameworks

  • Technical Support Unit (TSU) established at NABARD, funded by ADB, BMGF, and Intellecap.
  • MoUs signed with Ministry of Agriculture and Farmers Welfare (MoA&FW) for Voluntary Carbon Market framework in agriculture.
  • Partnership with the Government of Goa and World Bank for Blended Finance Facility.

International Partnerships and Programs

  • Collaboration initiated with NABCONS on Carbon Credit framework for smallholder farmers in NRM projects.
  • Green Literacy programs design process initiated.
  • Hosting of Data in Climate Resilient Agriculture (DiCRA) by NABARD for digital innovations in agriculture.
  • Dialogue post CoP 28 with MDBs and international agencies such as ADB, FAO, and the World Bank.

Internal Service Operations - Financial Overview

  • Business Budget of ₹5,30,756 crore approved for FY 2024-25, aiming to exceed ₹10 lakh crore in balance sheet size by March 2025.
  • Indian agriculture sector grew at a CAGR of 4% over five years ending FY 2023, contributing 18% to India's Gross Value Added (GVA) in FY24.

Ground Level Credit (GLC) Disbursement

  • GLC target for FY 2022-23 was ₹18,50,000 crore; achievement stood at ₹21,55,163 crore (116%).
  • Provisional disbursement of ₹22.84 lakh crore up to February 29, 2024, against a target of ₹20 lakh crore (114% achievement).

Agency-wise GLC Achievement (2023-24)

  • Commercial Banks: Target ₹14,40,000 crore, achieved ₹17,96,810 crore.
  • Rural Cooperative Banks: Target ₹2,60,000 crore, achieved ₹2,10,205 crore.
  • RRBs: Target ₹3,00,000 crore, achieved ₹2,76,984 crore.

Future Proposals and Programmes

  • Proposal for ₹22.50 lakh crore agricultural credit target for FY 2024-25, yet to be announced by the Government of India.
  • Parliamentary committees held discussions with NABARD covering various topics related to rural finance and welfare.

Grievance Management

  • CPD manages grievances; 1,685 grievances received in 2023-24, with an 88% disposal rate (1,480 resolved).
  • 180 appeals received, with a 96% disposal rate (173 resolved).

Technical Cooperation and Collaborative Efforts

  • Collaboration programs with GIZ on climate adaptation and agroecological approaches underway with a €4.5 million grant.
  • Engaged with multiple international organizations for stakeholder collaboration in climate finance and sustainable agriculture initiatives.

Technological Developments

  • Development of NABSamvad portal for digitizing meetings across departments, facilitating easy access to meeting records and agendas.

Introduction to NABARD's Climate Action

  • NABARD established the Department of Climate Action and Sustainability (DCAS) in FY 2023-24.
  • NABARD is a Direct Access Entity (DAE) for the Green Climate Fund (GCF) and the National Implementing Entity (NIE) for the Adaptation Fund (AF).
  • Forty climate action projects have been sanctioned with total financial assistance of ₹1971.56 crore.

Major Developments in 2023-24

Policy Landscape

  • Issuance of policy framework and operational guidelines for NABARD's Green Taxonomy.
  • Initiated transition towards Corporate Net Zero for NABARD's operations.

Climate Finance

  • Creation of Climate Change Fund - Interest Differential (CCF-ID) with RBI approval to support innovative small/mid-size adaptation projects.
  • NABARD re-accredited as DAE for the GCF, facilitating access to funding.
  • ₹279.69 crore disbursed under GCF for projects by Tata Capital Ltd. and Odisha Community Tank Development & Management Society.

Achievement Highlights

  • Disbursed ₹22.84 lakh crore up to February 29, 2024, exceeding the target of ₹20 lakh crore (114% achievement).
  • Breakdown of Agriculture Credit Targets: ₹14.40 lakh crore by Commercial Banks, ₹2.60 lakh crore by Rural Cooperative Banks, and ₹3.00 lakh crore by RRBs.

Sub-targets for Agriculture Sectors

  • Proposed agricultural credit target includes:
    • Dairy: ₹1,05,000 crore
    • Poultry: ₹28,000 crore
    • Animal Husbandry: ₹1,35,000 crore
    • Fisheries: ₹25,000 crore
    • Total agricultural credit target of ₹2,93,000 crore.

Future Planning

  • Agriculture Credit Target of ₹22.50 lakh crore proposed to the Government of India for FY 2024-25.
  • No announcements from the GOI regarding targets in interim budget 2024-25.

Memorandum on Credit Planning

  • Presented memorandum highlighting performance under credit planning and the role of District Development Managers (DDMs) for FY 2022-23.

Opening of Cluster Offices

  • Introduced 29 Cluster Offices in states like Punjab, Haryana, Telangana, and Tamil Nadu to improve outreach.
  • Evaluation study conducted on the performance of these offices.

Review of DDM Institution

  • Committee formed to review the DDM institution to enhance alignment with corporate objectives and stakeholder expectations.

Meeting with Banks

  • Convened meeting with Priority Sector Chiefs from various banks to discuss agriculture credit performance and regional disparities.

Foundation Day Celebration

  • Celebrated the 42nd Foundation Day on July 12, 2023, with dignitaries including Union Minister Amit Shah.

Technical Collaboration Programmes

  • Engaged in programmes with GIZ on climate adaptation and finance, aiming to mobilize gender-responsive climate adaptation measures with a grant of €4.5 million.

Multilateral Engagement

  • NABARD interacted with various international organizations for collaboration in sectors like solar energy, green finance, and climate resilience.

NABSamvad Portal

  • Developed NABSamvad portal to digitize the meeting process and manage data efficiently.

Grievances Management

  • CPD managed 1,685 grievances in FY 2023-24, achieving an 88% disposal rate and a 96% disposal rate for appeals.

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Description

This quiz explores the one-time grant support available for RSETIs and RUDSETIs, including the amount and purpose of the funds. It also discusses the Special Campaign 3.0 directed by DFS and implemented by NABARD in collaboration with RRBs for financial literacy. Dive into the specifics of these initiatives and their impact on skill development.

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