Agriculture Minister Urges Increased Credit Support for Farmers

Quick Summary:

• Event: Agriculture Minister tummala Nageswara Rao addressed the 44th Foundation Day of NABARD at Telangana Regional Office, emphasizing timely and adequate credit flow to farmers.
• NABARD Contributions:

– completion of 30 medium irrigation projects previously stalled due to budget constraints.
– ₹1,100 crore allocated for rural infrastructure projects under RIDF, including irrigation, connectivity, and schools.
– ₹9,673 crore refinanced to self-help groups (SHGs) and initiatives supporting natural farming thru the JIVA program.

• Support Initiatives in Telangana:

– Assistance for 23 rural markets (₹72.86 crore) and marts (₹72.12 crore).
– Overhaul of PACS with computerization efforts; RRBs and cooperative banks leading in digital advancements.- skill progress programs benefited over 4,500 youths and more than 25,000 SHG women in the region.

• Telangana Government Cooperation:

– Development of PACS infrastructure includes a major grain storage project at Gambhiraopet PACS.

indian Opinion Analysis:

NABARD’s support demonstrates its growing role in bolstering India’s agriculture-focused banking systems while addressing climate change mitigation challenges via focused programs like JIVA. The institution’s financial backing for irrigation projects underscores its influence in enabling rural growth where public budgets fall short. For Telangana farmers specifically, computerization efforts paired with infrastructure development signal progress toward efficiency-critical as agriculture remains an employment cornerstone.

The Minister’s call urging banks to release timely credit reflects enduring challenges concerning loan accessibility pivotal to scaling up allied activities such as horticulture. While noteworthy strides emerge locally within skilled labor training programs or investments enabling robust product storage capacities like PACS facilities-the broader implication could lie ahead if other states emulate such models fostering resilience amongst vulnerable agricultural demographics increasingly impacted by climatic shifts.

Read more: The Hindu