Nabard disbursed crop loan to over 71 lakh MP farmers

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The National Agriculture and Rural Development Bank (Nabard) has disbursed crop loans worth Rs 55,759 crore to over 71 lakh farmers in Madhya Pradesh over the last few years. The bank also gave Rs 24,526 crore for animal husbandry, dairy, fisheries, food processing and other allied sectors, an official said on Friday.

“The Nabard has disbursed credit limit of Rs 55,759 crore towards crop loan, covering more than 71 lakh farmers in the last few years in Madhya Pradesh. Also, since its inception, the bank has provided long-term refinance support of Rs 24,526 crore for activities such as animal husbandry, dairy, fisheries, food processing, storage, godowns, farm mechanisation and non-farm sector activities,” Nabard chairman Dr G R Chintala said.

Nabard has funded and supported the creation of 17,349 km rural roads in 46,352-meter bridges and also helped set up power plants of 158.84 MW capacity in the state, Dr Chintala said.

The bank has supported the state government in the creation of irrigation potential of 34,09,151 hectare benefiting around 15,141 villages, he added.

In the warehousing sector, 30 lakh MT capacity has been created under various infrastructure funds of the Nabard in the state. Apart from this, 74.68 lakh MT capacity has been created through government-sponsored schemes, subsidies of which was channelised through the bank.