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.
We have continued with our role as the facilitator and mentor of microfinance initiatives in the country. The overall vision is to facilitate sustained access to financial services for the unreached poor in rural areas through various microfinance innovations in a cost effective and sustainable manner.
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.Read More
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 34,878 REDPS/SDPs, with grant assistance of Rs. 154.37 crore, imparting training to around 9.04 lakh unemployed rural youth as on 31 March 2020.
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.
Empowering Artisans, a short film narrating the experiences of six weavers and artisans sponsored by NABARD in Mahalaxmi Saras Mela 2020, was released on NABARD’s youtube channel by our Chairman.
Agriculture emerged as a key focus area in the government’s stimulus package announced in May. As a force multiplier, the government last month unveiled a new central sector scheme to direct credit of Rs 1 lakh crore to bolster infrastructure for the post-harvest phase.
Chairman of NABARD, visited Technology Business Incubation Centre at Association for Innovation Development of Entrepreneurship in Agriculture (a-IDEA) at National Academy of Agricultural Research Management (NAARM)at Hyderabad.
Madurai Agri Business Incubation Forum (MABIF) the first Agri Business Incubation Centre (ABIC) fully funded by NABARD had completed the construction of its own office building creating modern infra facilities for Startups getting incubated there.