Nabard chairman

The curious case of Nabard boss who ignored clear conflicts of interest Within a few months, in a significant deviation from Nabard's mandate and earlier policies, Bakshi made private entities eligible for soft loans for warehousing projects for the first time through a circular dated 27 September 2011. Prakash Bakshi, a former chairman of the National Bank for Agriculture and Rural Development (Nabard), who faces charges of financial impropriety and giving unusual preference for financing rich corporates over poor farmers, has curiously gone an extra mile to establish his guilt. Bakshi has joined Shree Shubham Logistics Ltd (SSLL) as its managing director. SSLL, which is a subsidiary of the over Rs 6,000 crore Kalpataru Group (including Kalpataru Power Transmission), was one of the biggest beneficiaries of irregular soft loans and interest subsidies during his tenure as the Nabard chairman from June 2011 to September 2013. Bakshi was served a charge-sheet by the government on 30 September 2013 - his last day of service - for misappropriation and misuse of his official position. RBI maintains repo rate: What does this mean for your EMIs? Why Kathleen Folbigg, woman who spent 20 yrs in prison for killing her four babies, has now been pardoned This undeclared association could also be because a retired Central Service Group A official is not allowed to accept private, commercial employment before the expiry of two years from the date of his retirement without a sanction from...

Nabard chairman G R Chintala on Monday said that farmers producer organisations (FPO) are coming in a big way in India and will immensely help them in getting a good price. Speaking at a webinar organised by BCCI, Chintala said that FPOs is the new paradigm in Indian farming. There are nearly 10,000 FPOs in the country today out of which 5000 have been promoted by Nabard. Water reservoir levels comfortable, except in the south Chintala said that of the 5000 FPOs promoted by Nabard, 2500 of them have gone into investment grade. “These investment grade FPOs are getting money from the banking system and Nabkisan Finance”, the Nabard chairman added. He said some of them have also started value addition by making finished products like lentils. These finished products are being now sourced by big retailers. The Nabard chief said due to the formation of these organisations, milk production has also gone up. Regarding accessing markets by farmers, he said these FPOs are also arranging pick-up vans to take the produce to the selling points. Chintala said West Bengal should also look into the success stories of FPOs and should actively promote them. Since West Bengal has primarily small and marginal farmers while productivity is very high, FPOs will become a viable option. Regarding the number of members of an FPO, he said small membership will not add much value and there should be a drive to increase the numbers. Chintala also said the FPOs should be run professionally. “Some of ...

Integrated farming, use of appropriate farm implements, coping with climate change and regeneration of soil will play a key role in agriculture in future, said National Bank for Agriculture and Rural Development (NABARD) Chairman G.R. Chintala. Integrated farming methods with financial and technical assistance from NABARD have yielded good results in drought-hit Bundelkhand , Ladakh and Dharwad, Dr. Chintala said, adding that strawberry cultivation in Bundelkhand had yielded good results for farmers. Dr. Chintala was addressing a workshop on ‘Agriculture — Prospects and Retrospect’ held by Chaitanya Godavari Grameena Bank. Chairman of CGGB T. Kameswara Rao was present. Stating that sweeping changes were taking place in the farm sector, Dr. Chintala said that farmers had to battle climate change and unpredictable market conditions. “Farming can be made more resourceful and productive if the farmers adapt themselves to the changing conditions. Integrated farming is one where farmers can experiment with different crops, use appropriate farm implements to cut down on the huge cost of farm labour and use advanced technologies. NABARD had made numerous interventions across the country to make farming more sustainable,” said Dr. Chintala. Citing instances where farmers have reaped good yields by adapting to natural farming, Dr. Chintala said that farmers should also keep in mind the limitations of natural farming. He said that farming can be made sustainable by adopting innovativ...

K V Shaji has been named Chairman of the National Bank for Agriculture and Rural Development (NABARD). He formerly served as NABARD’s Deputy Managing Director (DMD) till May 21, 2020. He is an agricultural graduate with a PGDM in Public Policy from the Indian Institute of Management (IIM) in Ahmedabad. Prior to joining NABARD, he spent 26 years in various roles at Canara Bank. In Canara Bank’s corporate office, he was in charge of strategy, planning, and business development. He also played a role in the merger of Syndicate Bank and Canara Bank. He previously worked for the National Payments Corporation of India (NPCI) and Kerala Gramin Bank, the country’s largest regional rural bank. From 2013 until 2017, he served as the Chairman of Kerala Grameen Bank. Shaji KV is a Thiruvananthapuram native.

CHENNAI: There is an urgent need to bridge the gap between agriculture research and the “A lot of innovative research is taking place in the field of agriculture, but the farmers should be aware of them. It’s high time we bridged the gap between research and farmers,” he said, while speaking at a function organized by the National Agro Foundation (NAF) in Chennai on Thursday. He said information and communication technologies (ICT) such as block chain technologies could be effectively used not only to improve the quality of agri produce but also to promote export. He emphasized that agencies like NAF with a nationalistic outlook should play key roles in bridging the research – extension gap and see to that the farmer gets benefited with adequate information, linkages and support as a package in toto. Chintala said India has great potential for boosting productivity and being a leader in global exports of agriculture produce. “Focus must be on development of environmentally sensitive cultivars and management practices, and market driven production systems,” he said. A presentation on KANCHI (Kisan Advancement through CasHless Innovation), an innovative digital platform for Farmer Producer Organizations (FPOs) developed by NAF was made to the chairman, NABARD. He said innovations like KANCHI should be scaled up. He visited the ISO certified Comprehensive Soil Health Diagnostic Centre and Food Safety and Quality lab of NAF at Taramani.

A delegation of the National Bank for Agriculture and Rural Development (NABARD) led by its chairman Shaji K. V. met Chief Minister Y.S. Jagan Mohan Reddy on Saturday. On the occasion, Mr. Jagan Mohan Reddy said he was grateful to the NABARD for its support to the State government in implementing various schemes in the education, health and agriculture sectors. He told Mr. Shaji that the NABARD’s assistance was helping in improving the living standards of the beneficiaries of those schemes. Mr. Shaji appreciated the manner in which the Andhra Pradesh government was upgrading the infrastructure in schools and building medical colleges with the help of NABARD.

From launching pilot projects that established agriculture business incubation centres meant to identify and support successful start-up businesses to creating a first-of-its-kind, country-wide survey that comprehensively touched on all aspects related to financial inclusion, Dr Harsh Kumar always puts the people first. “I’m not here to create value for my shareholders,” he says. “I’m here to create value for my country, the people who are engaged and the people who are in rural areas.” Through NABARD, the largest – and unique – development bank in India, Dr Harsh Kumar is able to do just that. Created in 1982 to boost the country’s rural economy and provide a relentless focus on credit-related issues linked to rural development, this government-owned bank leverages financial and non-financial interventions, innovation and technology to reach its goals. “NABARD is not a company, it’s a statutory body,” Dr Harsh Kumar explains. “It’s a bank created by legislation of the Parliament. The NABARD Act has mandated us to bring integrated development in rural areas. We are in a unique position – there’s nobody like us.” And there’s nobody quite like Dr Harsh Kumar either. Armed with a finance-focused, 30-plus-year career, he was undoubtedly the man for the job. Prior to becoming Chairman of NABARD, he worked as the Managing Director for This scheme took a holistic view of customers’ credit needs and ensured sufficient availability of funds at reasonable rates to complete large inf...

Karimnagar: National Bank for Agriculture and Rural Development (NABARD) chairman GR Chintala urged the cooperative banks in States to replicate the Telangana Cooperative Bank model in the computerisation of the Primary Agriculture Cooperative Societies (PACS). Appreciating the Telangana State Cooperative Bank for digitisation of all the banks and the PACSs and emerging as role model in the country to ensure transparency and accountability, the NABARD chairman urged all the State cooperative banks to replicate the Telangana model for effective functioning and strengthening of PACS. The NABARD chairman was participating as chief guest at the National Federation of State Cooperative Banks Limited (NAFSCOB) board of directors meeting in a virtual mode from Mumbai on Friday. NAFSCOB chairman Konduru Ravinder Rao, former NAFSCOB chairman and National Cooperative Union of India (NCUI) chairman Dileep Sanghani, TSCAB managing director N Muralidhar, chairpersons and managing directors of cooperative banks of all the 23 States and others participated in the virtual conference. Speaking on this occasion, Chintala assured to extend all assistance for the computerisation of the PACSs and also upgradation of technology to meet the growing challenges to provide better services to the customers. He also called upon the PACS to utilise the NABARD special refinance scheme funds for converting them as multi-service centres. He also said that they would continue to support the cooperative ba...