Recognising the need for imparting necessary entrepreneurial skills, NABARD has supported training of more than 8.37 lakh unemployed rural youth through 32,520 REDPs/SDPs with grant assistance of more than Rs. 121.42 crore as on 31 March 2018. 
We are guided by our mission “TO EVOLVE PRODUCTS, CHANNELS AND POLICIES FOR OFF FARM SECTOR TO GENERATE LIVELIHOOD AND EMPLOYMENT OPPORTUNITIES FOR THE RURAL POPULATION.”
Over the last three decades, NABARD has designed several refinance and promotional schemes for development of rural off farm sector and has been making constant efforts to broad base and refine them in response to field level needs. The focus has been on greater credit flow to the sector, provision of credit to the unreached and ensuring linkages for small, cottage and village industries, handloom, handicrafts and other crafts in the rural areas.
A film on how weaving of recycled plastic with the assistances from SDC – NABARD Rural Innovation Fund, has resulted in an income generating and eco-friendly activity for the women of Bhuj, Gujarat.
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The capacity building requirements of Rural Financial Institutions across the country and other parts of the world, besides own staff of NABARD, are met through 4 training establishments located in Lucknow, Mangaluru and Bolpur.
NABARD is India’s apex development financial institution, established by an Act of Parliament in 1982 and owned by the Government of India and the Reserve Bank of India. Our mandate is to bring rural prosperity through credit and non credit initiatives in the fields of agriculture, cottage and village industries, handicrafts and small scale industries
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Promoting an entrepreneurial culture among the rural youth and encouraging them to start enterprises in the rural off farm sector had been among the thrust areas in NABARD’s promotional initiatives over a period of more than three decades. Recognising the need for imparting necessary entrepreneurial skills to the rural youth, NABARD initiated capacity building measures in 1990 through the introduction of Rural Entrepreneurship Development Programmes (REDPs) and Skill Development Programmes (SDPs).
NABARD has also been supporting skill initiative programmes of Ministry of Rural Development, GoI by providing grant assistance to RUDSETIs and RSETIs. Cumulatively, NABARD has supported 32,520 REDPS/SDPs, with grant assistance of Rs. 121.42 crore, imparting training to around 8.37 lakh unemployed rural youth as on 31 March 2018.
In order to broad base our existing skill initiatives in tune with GoI, National and State Skill Development Missions, we have included NGOs, NSDC training Partners/Sector Skill Councils, Government Agencies and Corporates involved in providing training to rural youth as our Channel partners.
The NABSKILL portal is a new initiative by NABARD to capture the details of training related data viz., trainees profiles, training programme details, post training settlement rate etc. Through this portal, Training Institutions can apply online for financial support from NABARD. Besides creating a database and helping us in closely monitor the various programmes, this initiative will also enable us to assess the ground level impact of the training imparted to rural youth and fine tune our policies based on the same.
A workshop on Agri Startup & Incubator ecosystem was organized by OFDD at Head Office on 14 November 2018 which was presided over by Dr. Harsh Kumar Bhanwala Chairman, NABARD. Shri H.B.Songadkar, Chief General Manager, OFDD while welcoming the participants explained the objective of the workshop. Chairman, NABARD delivered the inaugural address. Shri R Amalorpavanathan, DMD, NABARD, Shri H K Mittal, Adviser, Member Secretary, National Science & Technology Entrepreneurship Development Board (NSTEDB), DST, GoI, Dr Ch Srinivasa Rao, Director, National Academy of Agricultural Research Management (NAARM), Dr.K.Srinivas, CEO, a-IDEA, Shri Hemant Mathur of Centre for Innovation, Incubation & Entrepreneurship (CIIE), officials from National Institute of Agricultural Extension Management (MANAGE), National Dairy Research Institute (NDRI), Biotechnology Industry Research Assistance Council (BIRAC), Indian Council of Agricultural Research (ICAR) and International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), Mentors, Venture capitalist, Agri startups, NABARD supported Agri-Business Incubation Centres of TNAU, Madurai & CCSHAU, Hisar were present in the workshop. CGMs of FSDD, FSPD, FD & DSSI of HO, Principal, NBSC, Lucknow, MDs of NABKISAN and NABSAMRUDHHI were also present and participated in the deliberations.
Dr. Harsh Kumar Bhanwala Chairman, NABARD in his address highlighted on the need for farm mechanization, innovation/technology for a longer shelf life of agriculture produce (warehouse) & different technologies for effective water management among others. In the context of Incubation centers, he impressed upon the need for institutional support especially towards common lab facilities and mentorship for Agripreneurs and Agristartups. Shri H K Mittal, Adviser, Member Secretary presented the scenario of Incubation Centres across the globe including India. He briefed about the types of Business Incubators and various public funding options available for Incubation center. While emphasizing on the dire need for “cult of more Agri-Business Incubators” in India, he highlighted that the role of mentor and incubator managers is very important. Shri.
Srinivas Rao, Director NAARM and President of a-idea made a presentation on the journey of their incubator and its activities.
The stakeholders of the agri startup ecosystem who were present in the workshop exchanged their views and also deliberated on the factors affecting the sustainability of Incubation Centre. The successful agri startups presented the entire gamut of their journey including the constraints and challenges faced. Shri R Amalorpavanathan in his closing remarks expressed his views on collaboration with other stakeholders involved in Agristartups ecosystem for supporting Agri Incubation.
The meeting ended with a vote of thanks to the chairs and to all the participants.
NABARD has constituted two Task Force committees, one on handlooms and the other on handicrafts. The first meeting of the Task Force Committees was held on 11 June 2018 at New Delhi RO. Shri D N Magar, CGM, OFDD welcomed the Task Force Members and explained the objectives of the meeting. Chairman, NABARD inaugurated the meeting and in his address emphasised on the need for integrated value chain funding, action research in the handloom and handicrafts sectors, increased credit flow and a reliable data base for these sectors. Shri Amalorpavanathan, DMD suggested that the committee may come up with viable solutions in the areas of technology, market and review implementation of various government schemes to address the problems being faced by these sectors. The taskforce on handlooms is headed by Shri Sanjay Rastogi, IAS, Development Commissioner, Handlooms, Ministry of Textiles, GoI and the task force on handicrafts is headed by Shri Shantmanu, IAS, Development Commissioner, Handicrafts, Ministry of Textiles, GoI. All the other members are eminent personalities who have rich experience in the sector.
NABSKILL an online skill portal was launched by Dr Harsh Kumar Bhanwala, Chairman in the presence of Shri R. Amalorpavanathan, DMD and CGMs on 29 November 2017. NABSKILL envisages bringing all stakeholders involved in Skill Development Initiatives of NABARD on a single platform. The eligible training providers can apply online in order to avail financial assistance from NABARD. DDM recommendation, sanction at RO/HO and submission of claim can also be undertaken online. The portal will serve as a database of the trainees with course, post settlement details, etc. and also help in monitoring
NABSKILL an online skill portal was launched by Dr Harsh Kumar Bhanwala, Chairman in the presence of Shri R. Amalorpavanathan, DMD and CGMs on 29 November 2017. NABSKILL envisages bringing all stakeholders involved in Skill Development Initiatives of NABARD on a single platform. The eligible training providers can apply online in order to avail financial assistance from NABARD. DDM recommendation, sanction at RO/HO and submission of claim can also be undertaken online. The portal will serve as a database of the trainees with course, post settlement details, etc. and also help in monitoring
“Mahalaxmi SARAS 2018” was inaugurated by Shri Chennamaneni Vidyasagar Rao, Hon’ble Governor, Maharashtra State. The event was presided over by Smt. Pankaja Gopinath Munde, Hon’ble Minister for Rural Development and Women & Child Development, Maharashtra State. Shri R Amalorpavanathan, Deputy Managing Director, NABARD shared the dias and also inaugurated the stalls sponsored by NABARD.
