NABARD, Odisha Regional Office has achieved a record
performance in the State during the year 2016-17. The total financial support
to the State government, banks, corporations and other agencies like NGOs and
Producers Organisations has touched Rs. 14,716 crore during the year
registering a spectacular increase of 76% over the achievement of Rs. 8,368
crore during the previous year.
Over the years, Odisha has been one of the biggest
beneficiaries under Rural Infrastructure Development Fund (RIDF) of NABARD,
under which loans are extended to the State Govt. for critical rural
infrastructure projects in sectors like Irrigation, Roads, Bridges, etc. The
total resource support under this fund to State Govt.reached Rs. 2,406 crore
during 2016-17. One of the major projects sanctioned during the year is for the
establishment of a 5 lakh LPD (Litres per day) Dairy Plant in Cuttack by OMFED
with RIDF loan assistance of Rs. 232.13 crore. Besides, loan support of Rs.
415.77 crore has been sanctioned for construction of 277 Roads by Rural
Development Department of State Govt. under MukhyaMantriSadakYojana and
sanction of 12 Mega liftIrrigation projects in Kalahandi &Nuapada districts
involving a loan assistance of Rs.270.17 crore. The cumulative RIDF disbursements
in the State as at the end of March 2017 amounted to Rs.12324.71 crore. The
RIDF assistance in the State is estimated to bring21.50 lakh Ha.of area under
irrigation and construction of road length of about 9649.00
KMand nearly 1.11 lakh metre length of bridges.
Under the Long Term Irrigation Fund instituted by
Govt. of India in NABARD, 6 incomplete major irrigation projects in the state
like Lower Indra, Upper Indravati, Rukura, Anandpur barrage, Ret irrigation and
Kanupur would be fast-tracked. An amount of Rs. 1230.96 crore has been
sanctioned for the purpose,out of which Rs.188.60 crore has been disbursed
during the year.
Refinance to Cooperative Banks and RRBs for financing
NABARD has been providing liquidity support by way of
Short Term Refinance to Cooperative Banks and RRBs for meeting the credit needs
of farmers for their agricultural operations at subsidised rates of interest.
During 2016-17, Refinance for short term loans to the tune of Rs.9155.00 crore
was disbursed to the Cooperative Banks.
Refinance to Commercial Banks, Cooperative Banks and
RRBs for Long Term Loans
To promote capital formation in Agriculture, NABARD
has disbursed Long Term Refinance of Rs.475.59crore to Commercial Banks, Odisha
State Cooperative Bank and one MFI during the year. Besides, Rs. 84.79 crore
was extended on soft terms to the Odisha State Cooperative Bank under LTRCF
(Long Term Rural Credit Fund), a dedicated fund instituted by Govt. of India in
NABARD conducted a number of ground level workshops
for bank officials and also prepared a Sectoral Development and Banking Plan
for upscaling bank finance under nine identified activities. The latter is o be
implemented by banks over a period of three years with total financial outlay
of Rs. 5912.23 crore and involving Bank Loan of Rs. 4729.78 crore.
Direct Finance to Odisha State Civil Supplies
Corporation for Paddy Procurement
To supplement the efforts of banks in the State for
supporting various activities connected to agriculture, NABARD has also started
a direct lending window. Under this facility, an amount of Rs. 2124.00 crore
was disbursed to the Odisha State Civil Supplies Corporation for its paddy
procurement operations, during the year 2016-17.
Direct finance to Odisha State Cooperative Bankfor
NABARD also extended Rs. 300 crore to Odisha State
Cooperative Bank, for on-lending to Odisha State Civil Supplies Corporation
during the year, under its direct lending window.
PACS as Multi Services Centre
During the current year, as a unique model of
convergence, NABARD, the State Government and Odisha State Cooperative Bank
(OStCB) have envisaged to set up 100 Agro Service Centres (ASCs) in select
PACS. These ASCs will increase the level of farm mechanization and ultimately
will raise the level of productivity. Under the scheme, each project is having
a TFO of Rs 32.00 lakh, of which financial assistance from NABARD will be Rs
19.00 lakh and State Government will provide subsidy of Rs 9.00 lakh. As on 31
March 2017, NABARD has sanctioned Rs 589.00 lakh to Odisha StCB and released
the loan component of Rs.542.50 lakh towards setting up of 31 ASCs in 11
districts of the State and the State Government has released subsidy of Rs 279
lakh. It has been decided to implement other 69 ASCs in the month of April
Financing Watershed Development Projects
NABARD continued to support various developmental and
promotional interventions in the state in partnership with NGOs and other
developmental institutions. During the year,14Watershed Development Projects
were sanctioned for implementation in the State.Cumulatively, a total of 96
watershed projects are under implementation in the State, as at the end of
March 2017, with financial assistance of Rs.66.79 crore and benefitting 20,000
families and an area of nearly 50,800 Ha. In collaboration with KFW, NABARD has
sanctioned 18 completed/near completed watershed projects for climate proofing
in 4 districts.
Financing Tribal Development Projects
Considering the fact that tribal population constitutes
nearly 23% of the total population of the State, NABARD has been giving special
emphasis on launching projects benefitting the tribal communities. A total of
51tribal development projects are under implementation in the state, as at the
end of March 2017, with total financial support of Rs.171.46 crore for
plantation activities, soil and moisture conservation works, irrigation
development and livelihood support, benefitting more than 44,100 tribal
families. Out of these,7 projects are being implemented in convergence mode
with Royal Bank of Scotland Trust, Sir Dorabjee Tata Trust (SDTT), CiNi and
Juang Development Authority, Government of Odisha, Axis Bank Foundation and
DRDA, ITDA, Agriculture Department of Govt. of Odisha.
Promotion of Farmer Producers Organisations (FPOs)
NABARD has promoted and registered 100 FPOs (Farmers
Producers Organisations) in the State covering 28 districts with total
financial assistance of Rs.9.06 crore to 27 Producer OrganisationPromoting
Institutions (POPIs). These FPOs will facilitate marketing of agricultural
produce, negotiate remunerative prices through collective bargaining and
provide opportunities for value addition and other forward linkages to small
and marginal farmer members of these FPOs.
Financial Assistance to Climate Change Projects
A climate change project with sanctioned outlay of Rs.
20 crore under NAFCC (National Adaptation Fund for Climate Change) is under
implementation in Nuapada district. The project envisages water management
through checking surface run-off. Currently, 02 other projects, one each under
NAFCC and GCF (Green Climate Fund), with total financial outlay of Rs.24 crore
and Rs.200 crore respectively are under consideration.
Promoting Group mode of financing through SHGs and
NABARD sustained its efforts in formation of SHGs and
JLGs in the State during the year, in partnership with NGOs and banks, so that
the marginalized sections of the society, especially in the LWE districts are
able to access the financial system. It is estimated that around 30,000 Joint
Liability Groups (JLGs) of tenant farmers, oral lessees and agricultural
labourers were formed and financed by banks in the State during the year.
Around 70,000 SHGs got credit linked to banks in the State facilitating flow of
loans to these small income groups.
During the year, NABARD extended financial grant to
the tune of Rs.10 crore under Financial Inclusion Fund (FIF) to banks, NGOs and
other agencies for propagating financial inclusion andfinancial literacy and
stabilization of CBS in Cooperative Banks in the state.
Financial Assistance for Institutional Development of
Cooperative Banks and RRBs
As part of NABARD’s mandate to ensure institutional
development of RFIs (Rural Financial Institutions), mainly the Cooperatives,
NABARD extended financial assistance of Rs.110 lakhunder Cooperative
Development Fund (CDF)for infrastructure development as well astraining and
capacity building of cooperative personnel during the year. NABARD also
monitored the technology adoption and other aspects relating to improvement in
financial health of the cooperatives.
Statutory Supervision of Cooperative Banks and RRBs
NABARD conducted statutory inspection of the Odisha
State Cooperative Bank, both the Regional Rural Banks (i.e. UGB & OGB) and
7 District Central Cooperative Banks during the year 2016-17.
Model E-shakti Projects in Jagatsinghpur district
Keeping in view the Government of India's “Digital
India” mission, NABARD has launched a project for digitisation of all Self Help
Groups (SHGs) in Jagatsinghpur district of Odisha. Under the project, about
10,440 SHGs in Jagatsinghpur district have been digitized.With the uploading of
transaction data of these groups, the groups will go online.
Issue of Rupay KCC
In the state of Odisha, there are 6811683 KCC accounts
which are to be converted to Rupay KCC. Out of these, in coordination with
NABARD, 3.24 lakhlive KCCs with RRBs have been issued Rupay KCCs. The KCCs with
Cooperative banks are under the process of being converted to Rupay KCC.
Way Forward – Agenda for 2017-18
has identified certain major focus areas for the upcoming FY 2017-18. These
include supporting irrigation facilities in the State by providing financial
assistance under special Long Term Irrigation Fund, set up by Govt. of India
with a corpus of Rs.20,000 crore, enhancing capital formation in agriculture
and devising strategies to augment disbursement of agricultural term loans by
the banks, facilitating access of credit to tenant farmers and share croppers,
seamless technology in Rural Financial Institutions, digitization of SHGs and
Farmer Clubs, risk mitigation measures for the distressed farmers and providing
replicable development models, particularly through convergence with other