In 2021-22, Nabard will give the state $9,836cr: CGM

Bihar has exceeded its previous record by offering financial assistance to increase the ground level credit flow in agriculture and other related industries . Nabard has exceeded its previous record by offering financial assistance to increase the ground level credit (GLC) flow in agriculture and other related industries in Bihar .

Patna (Patronics): The National Bank for Agriculture and Rural Development (Nabard) has reported a 38 percent increase in its financial support to Bihar in FY 2021-22 relative to FY2020-21.Nabard has exceeded its previous record by offering financial assistance to increase the ground level credit (GLC) flow in agriculture and other related industries in Bihar.In FY2021-22, the total financial assistance in Bihar was Rs9,836 crore, compared to Rs7,129 crore in FY2020-21.Nabard chief general manager (Bihar) Sunil Kumar said on Monday that it is up by around 38 percent relative to the previous financial year.

A sum of Rs1,385 crore was also contributed to the state's Ganga Water Lift Initiative.In a statement issued by his office, the CGM announced that an amount of Rs 711 crore was used to repair, develop and modernize agricultural market yards in 12 districts, while Rs1,033 crore was used to finance rural roadsbridges and irrigation projects.The Nabard also gave the cooperative banks Rs2,463 crore for the purpose of facilitating paddy procurement in the state.According to him, the cooperatives were also supported in the computerization of primary agriculture cooperative societies (PACS) and the provision of mobile ATM vans.