NABARD holds annual state credit seminar

NABARD holds annual state credit seminar

TMB Report

IMPHAL: National Bank for Agriculture and Rural Development (NABARD), Manipur held an annual State Credit Seminar on the theme ‘’High-tech Agriculture’’, with an estimated credit potential of Rs. 2376 crore for the year 2020-21 at Imperial Hall, Classic Grande on Tuesday.

The seminar was attended by Dr. J. Suresh Babu, chief secretary, as the Chief Guest, General Manager of RBI, Imphal Mary Gwite, Vice Chancellor of Central Agricultural University Dr. M. Premjit Singh, General Manager of SBI, Guwahati Digmanu Gupta, respectively as guests of honour.

The event was inaugurated by Dr. J Suresh Babu who also released the annual credit plan of NABARD.

The credit plan follows decentralized grassroots level planning, duly reckoning with potential and past performance. On the account of doubling farmer’s income, he acknowledged the need to focus on sectors of animal husbandry like basically, piggery farming and utilization of machinery of high-tech agricultural system with sincere commitment and efforts. He ensured that animal husbandry plays an important role in the economy of rural areas.

He advised NABARD to widen its role and interventions in Manipur to strengthen partnership with the state government and other stakeholders for rural infrastructure and various other critical gap-funding programmes.

Referring on the state focus paper prepared by NABARD, the chief secretary called upon banks to firm up their banking plans and play a more pro-active role in meeting the potential credit demand of the State.

He insisted all the stakeholders to give more focus on predominantly oriented agriculture sectors of the state.

The thrust has to be on crop diversification which comprises of high value horticulture and commercial crops in which all these need higher investment, he stated.

He appreciated the efforts of NABARD in preparation of the annual credit plan by taking account the available and planned infrastructure, existing policies and schemes of the government, demand and supply conditions, etc.

Beginning the symposium, Dr. K. J. Satyasai, General Manager NABARD elaborated on the performances and achievements of the collective efforts accomplished by all the bankers, state government and other agencies for shaping their planned efforts on various sectors like agriculture, animal husbandry, health, education schemes and projects undertaken by the state government and registered private firms, etc which are all financially decentralized by NABARD.

In terms of medical care, according to surveys the cost of medical facilities in the state is in higher rate compared with the rest of the states across the country.

He highlighted the problems and issues on the huge gaps of demand and supply of agricultural as well as animal husbandry products which reflect from lacking of infrastructure facilities.

Per capita income is lower for the state in comparison to other states, he claimed.

As an intellectual stakeholder, vice chancellor of Central Agricultural University Dr. M. Premjit Singh evaluated the related issues; recommending steps and measurements on taking positive initiatives regarding unsatisfactory results in agriculture sectors. He persisted on inadequate flow of credit particularly under agriculture sector like Jhum cultivation, lack of irrigation facility, unfavorable physical and geographical conditions and the land holding patterns which keeps the yield depressed.

He also enlightened on planting quality seeds and distribution of planting materials which effects the implementation of government policies and private sector schemes under the financial programs of NABARD undertaking.

General Manager of SBI, Guwahati Digmanu Gupta proposed all the various beneficiary of governmental adopted schemes and programs, NGOs and private firm to help initiates High-Tech Agriculture methods.

He urged all the stakeholders to consider adequate manners of utilizing the available potentiality and existing infrastructure as far as financial involvement is concerned.

He said that banks are always ready to provide credit especially on agriculture sectors as prior objectives.

But, the major problem which banks are facing is the loan repayment culture of the people.

General Manager of RBI Mary Gwite also appreciated NABARD for making excellent efforts on bringing out State focus paper. While monitoring on various sectors during the meeting of the State level Banker’s committee disappointing results came out in agriculture sector for the state of Manipur.

She said that proper banking facilities can function only when the means of connectivity and infrastructure provided are enhanced where all the villages and hill areas can be fully covered under programs of various undertaking scheme and project.

Agriculture sectors employ more than 50% of the total population so people need to be focus more vigorously on this sectors and to face all the loopholes and challenges where the banks are restricting from providing more and adequate credits, she commented.

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