AP: NABARD is proud to serve rural India for four decades; says Governor at its foundation day celebrations in Vijayawada
Shri S. Abdul Nazeer, State Governor of Andhra Pradesh has described the National Bank for Agriculture and Rural Development (NABARD)’s four decades of service to rural India as a matter of real pride. Heartfelt congratulations to everyone associated with the organization on this occasion. He was the chief guest at NABARD’s 42nd Foundation Day celebrations held at Green Tree Hotel, Vijayawada.
NABARD has come a long way since its inception in 1982. The Governor was happy to learn that its balance sheet size has grown massively from ₹4,500 crore four decades ago to ₹8.01 lakh crore by the end of the 2022-23 financial year.
Over the years, NABARD has made all-out efforts to transform rural India through agri-finance, rural infrastructure development, institutional development, adoption of banking technology through rural financial institutions, financial inclusion through financial literacy camps, micro-finance and promotion of rural entrepreneurship, he said.
Through NABARD, the Governor lauded the foray into niche sectors like agriculture and agri-agri sector development programmes, supporting agri start-ups in Andhra Pradesh and promoting new and emerging agricultural sectors.
The governor hailed NABARD’s piloting of net zero groundwater use in watershed areas, development of common tools for climate change vulnerability analysis, undertaking its natural resource management programs under our garden and watershed plantations.
He hoped that NABARD would continue its unwavering support to the state government to strengthen the agriculture and rural development sectors in the state.
Shri Chiranjiv Choudhary, Principal Secretary, Agriculture Marketing & Cooperation, Shri M.R. Gopal, Chief General Manager, NABARD, Andhra Pradesh Region, Shri A.O. Basheer, Regional Director, Reserve Bank of India, Andhra Pradesh Region, Shri P. Jaya Kannan, General Manager, NABARD participated in this program.