Articles
ROLE OF NABARD IN CREDIT SUPPORT FOR DEVELOPMENT OF HORTICULTURE
Article number
696_101
Pages
577 – 581
Language
English
Abstract
National Bank for Agriculture and Rural Development came into existence on July 12, 1982. It is established for providing credit for the promotion of agriculture, small scale industries, handicrafts and other allied economic activities in rural areas with a view to promote integrated rural development.
Under plantation and horticulture discipline, refinance assistance has grown manifold from Rs.2800 lakhs during 1982-83 to 29,203 lakhs during 2002-03 amounting to 4.3% of total disbursement made by NABARD. Activities related to fruits, plantation crops, ornamental crops, spice crops, aromatic and essential oil yielding crops, betel vine, sericulture, beekeeping, mushrooms, medicinal plants and tissue culture are covered.
Maximum funds are allotted to plantation crops (40%) followed by fruits (30%) and floriculture (6%). In order to meet the challenges of globalization and economic liberalization, steps have been taken to enhance the competitiveness of Indian Horticulture.
These include cultivation of high value and low volume crops, high-tech horticulture, precision farming, organic farming, value addition through post-harvest technology, biotechnology and export oriented ventures.
NABARD also provides R&D grants to develop the need based technology to the Agriculture Universities and other institutions.
Under plantation and horticulture discipline, refinance assistance has grown manifold from Rs.2800 lakhs during 1982-83 to 29,203 lakhs during 2002-03 amounting to 4.3% of total disbursement made by NABARD. Activities related to fruits, plantation crops, ornamental crops, spice crops, aromatic and essential oil yielding crops, betel vine, sericulture, beekeeping, mushrooms, medicinal plants and tissue culture are covered.
Maximum funds are allotted to plantation crops (40%) followed by fruits (30%) and floriculture (6%). In order to meet the challenges of globalization and economic liberalization, steps have been taken to enhance the competitiveness of Indian Horticulture.
These include cultivation of high value and low volume crops, high-tech horticulture, precision farming, organic farming, value addition through post-harvest technology, biotechnology and export oriented ventures.
NABARD also provides R&D grants to develop the need based technology to the Agriculture Universities and other institutions.
Publication
Authors
M.R. Sharma
Keywords
credit support, export potential, NABARD, horticulture development
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