Haryana Farmers to Get Rs 19,718 Crore from NABARD

The National Bank for Agriculture and Rural Development (NABARD) has provided Rs 19,718 crore in financial support to various stakeholders in Haryana for agriculture and rural development during the fiscal year 2022-23 under the Board's various initiatives.

NABARD has released Rs 24.76 crore under the Micro Irrigation Fund (MIF) for judicious use of water resources to introduce micro-irrigation facilities to farmers' crops.

NABARD has released a grant of Rs 9.79 crore for different development initiatives in the farm sector, off-farm sector, skill development, financial literacy, and job creation programs under its developmental initiatives.

To address the issue of alkaline soils, NABARD has begun work on a 1,000-hectare alkaline soil reclamation project in the Kaithal and Karnal districts.

Moreover, NABARD has been implementing several innovative farm sector projects, including a "pilot project on judicious use of pesticides for Basmati crop" for the production of export-compliant Basmati rice; "upliftment of reproductive and health status of the indigenous female calf" to improve reproductive efficiency; and "establishing goat breeding-cum-marketing center in Rewari district," according to the statement.

About NABARD: As a Development Bank, NABARD is responsible for providing and regulating loans and other services in rural regions for the promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts, and other rural crafts, and other connected economic activities.