Nabard has stepped in, in a big way to promote development in Chhattisgarh. Nabard has decided to spend thousands of crore on various sectors of the economy in the state.
Nabard is also paying special attention to the cooperative sector providing it necessary technological help. The cooperative banks ‘for example’ are being put on core banking system.
According to Nabard, most of the money earmarked for Chhattisgarh would be spent on agricultural development as 80 percent people in the state are still dependent on farming. A sizeable amount would also be spent on developing infrastructure.
Commentators are agreed that the Nabard’s massive financial intervention could shepherd Chhattisgarh towards a rapid political pacification.