Microfinance News Digest

Finance Ministry rejects bank for women self-help groups – News Digest

FinMin questions need for another rural bank
Rural development ministry wants a bank for women self-help groups; finance ministry says Nabard is enough. LM

 

self help groups bank

Nabard moves govt seeking more autonomy
Bank seeks changes in some sections of the Nabard Act on giving long- and short-term loans to companies. LM

Govt approves Rs. 3,000 crore capital infusion in Nabard
This would raise the paid up capital of the apex agriculture and rural development bank to Rs. 5,000 crore. LM

Nabard in talks with TCS, DAIICT to offer mobile applications for farmers
In a first of its kind initiative, Gujarat region office of National Bank for Agriculture and Rural Development (Nabard) is looking for a partnership with IT major, Tata Consultancy Services Ltd (TCS) and some of the academic institutions for disseminating agricultural information. BS

Nabard sets apart Rs 2,000 cr for warehousing infrastructure
The National Bank for Agriculture and Rural Development (Nabard) has set apart an amount of Rs 2,000 crore during the current financial year for creation of warehousing infrastructure in different States. HBL

Nabard sanctions Rs 42 cr to state warehousing corporation
The National Bank for Agriculture and Rural Development (Nabard) has sanctioned a credit of Rs 42.12 crore to Karnataka State Warehousing Corporation (KSWC) for construction of foodgrain storage capacity of 131,000 tonnes, Nabard said in a statement. BS

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