The National Bank for Agriculture and Rural Development has decided to commit more than Rs five thousand crore for various developmental activities in Kerala.
Nabard has set apart the lion’s share of the committed fund for agricultural development. Most of it will be handled by the cooperative banks in the state.
Apart from rural development, a sizeable fund would be spent on infrastructural development and warehousing facilities.
Nabard has also planned to spend a substantial fund on umpteen projects such as watershed development, livelihood issues and training of NGOS.
Marshaling of financial resources by Nabard is bound to quicken the pace of development at least in the Kerala countryside; knowledgeable sources are quoted as saying.