“We need one integrated data system for all the subsidies,” Tamil Nadu Finance Minister Palanivel Thiaga Rajan said at the 41st foundation day celebrations of National Bank for Agriculture and Rural Development (Nabard). This approach was the way forward to reach the last mile, he added.
The Minister also said that Nabard-Madurai Agribusiness Incubation Forum (MABIF) nurtured some of most interesting start-ups and these were great models. MABIF is an initiative of Nabard and TNAU to promote agribusiness in the southern region of Tamil Nadu.
Financial assistance by Nabard Tamil Nadu regional office reached new high of ₹32,443 crore in financial year 2022, up from ₹27,135 crore the previous year, a growth of 20%. “This includes ₹23,167 crore refinance assistance for short-term and long-term agriculture, allied and priority sector activities. Major share was of cooperative banks at ₹9,745 crore (42%) followed by commercial banks at ₹5,746 crore (25%), regional rural banks at ₹5,037 crore (22%) and NBFC/MFIs at ₹2,639 crore (11%),” said T.Venkatakrishna, Chief General Manager of Nabard Tamil Nadu Regional Office.
