Bringing islands into mainstream development! NABARD takes up 14 rural development projects in Andaman and Nicobar
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Port Blair, November 6: The National Bank for Agriculture and Rural Development has taken up 14 projects in the agriculture sector in the Union territory of Andaman and Nicobar Islands with a total refinance of over Rs 120 crore. General Manager of NABARD V. Mashar informed that the the bank is also promoting integrated farming in the islands and has been focusing on skill development as another thrust sector.
The NABARD regional office has a credit plan of about Rs 600 crore for the financial year 2019-2020 in the Andaman and Nicobar Islands. NABARD has been instrumental in credit linking of SHGs with the larger objective of financial empowerment of rural women. In the Islands, out of over 5000 Self Help Groups, over 3000 Self Help Groups were credit-linked with credit outstanding of over Rs 1000 crore. These SHGs have been doing remarkably well in different fields and has to its credit a slew of success stories.
In the off-farm sector also, NABARD has taken up several initiatives. The bank has been conducting skill development training programmes in different trades in association with NGOs such as beauty and spa, hospitality sector, tailoring and computer software. Trades like the hospitality sector has immense demand and NABARD has identified such sector and has been conducting training programme in such sectors.Besides, the bank has been conducting training programmes on tailoring, beautician trades in different places in the islands receiving massive response from the youth.