Need long-term investment in agriculture to meet food
demand: FM
16/01/2015 17:05
Finance Minister Arun Jaitley today said there is a need for long term investment in agriculture for meeting future food demands of the country, said the media report.
He asked the National Bank for Agriculture and Rural Development (NABARD) to continue addressing the inadequacies in rural finance market and "thereby enhance its unique apex development bank status" for development of agriculture and rural sector.
Jaitley was addressing the Board of Directors of NABARD.
Emphasising the need to support rural housing, he appreciated NABARD's efforts in allocating Rs 3,000 crore by way of refinance.
He advised NABARD to continue to provide "leadership" in areas such as financial inclusion, farm credit to the small and marginal farmers besides those farmers who do not have clear title deeds to the farms they till. The Finance Minister also noted that NABARD had effectively utilised the initial corpus of Rs 5,000 crore of Long Term Rural Credit Fund allocated in the budget.
He also launched two NABARD supported e-commerce portals – ekraftindia and shilpicraft - for marketing of handicrafts and artisan products of Self Help Groups (SHGs).
16/01/2015 17:05
Finance Minister Arun Jaitley today said there is a need for long term investment in agriculture for meeting future food demands of the country, said the media report.
He asked the National Bank for Agriculture and Rural Development (NABARD) to continue addressing the inadequacies in rural finance market and "thereby enhance its unique apex development bank status" for development of agriculture and rural sector.
Jaitley was addressing the Board of Directors of NABARD.
Emphasising the need to support rural housing, he appreciated NABARD's efforts in allocating Rs 3,000 crore by way of refinance.
He advised NABARD to continue to provide "leadership" in areas such as financial inclusion, farm credit to the small and marginal farmers besides those farmers who do not have clear title deeds to the farms they till. The Finance Minister also noted that NABARD had effectively utilised the initial corpus of Rs 5,000 crore of Long Term Rural Credit Fund allocated in the budget.
He also launched two NABARD supported e-commerce portals – ekraftindia and shilpicraft - for marketing of handicrafts and artisan products of Self Help Groups (SHGs).
