NABARD should assist in major irrigation projects in state

Bhopal: NABARD’s Chairman Dr. Harsh Kumar Bhanwala met Chief Minister Shri Shivraj Singh Chouhan here today. During discussions, the Chief Minister said that NABARD should assist in major irrigation projects in the state. Besides, it should also extend technical cooperation and financial assistance for computerization of cooperative banks in the state.

The Chief Minister said that the state government can obtain loans worth Rs. 10 thousand crore during next 3 years if NABARD reduces interest rate under infrastructure development assistance scheme from 10.57 percent to 9 percent. NABARD should also assist in ongoing computerization of cooperative societies under Apex Bank and District Cooperative Banks.

NABARD’s Chairman Dr. Bhanwala said that Madhya Pradesh has registered unprecedented agriculture growth. Now long-term investment and credit flow in agriculture sectors need to be accelerated. For this, allied sectors like dairy and horticulture should be paid attention. He said that NABARD will start skill development project with the cooperation of NIIT at Nasrullahganj in Sehore district. Secretary to CM Shri Vivek Agrawal and NABARD’s Chief General Manager Shri R.N. Kulkarni were also present on the occasion.
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