THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATIL):
(a) and
(b) The activities of National Bank for Agriculture and Rural Development(NABARD) are
monitored by Government on an on-going basis. An in-depth review of NABARD`s operations
is conducted by its Board of Directors which comprises, amongst others, senior representatives
from the Finance, Agriculture and Rural Development Ministries and the Reserve Bank of India
(RBI). An annual review of NABARD`s activities is also tabled in Parliament alongwith the
annual report of NABARD. The Stale-wise credit-related functions, achievements under investment
credit and production credit are analysed and presented in the Annual Report of NABARD. NABARD
also has a well structured monitoring arrangement covering, inter-alia, District oriented
monitoring, technical monitoring, scheme-oriented monitoring, mid-term review of implementation
of schemes and ex-post evaluation of schemes. The State-level deficiencies and implementation
difficulties are also reviewed at the State Level Bankers1 Committee Meetings where State
Governments, commercial banks, RBI and NABARD are represented. Further, NABARD also holds
structured discussions with the Departments of the State Governments, wherever considered
necessary, to resolve outstanding issues. NABARD has reported that for the year 1999-2000
the flow of refinance from NABARD to banks is projected at Rs. 5200 crores as against an
achievement of Rs. 4520 crore for 1998-99. As regards Maharashtra, an amount of Rs. 356.55
crore was provided during 1998-99 as against disbursement of Rs. 332.60 crore during 1997-98.
(c) 23 investment proposals for refinance, as per the enclosed statement, from 5 banks
in Maharashtra are under consideration for sanction by NABARD. Additional information
have been sought by NABARD from banks for processing them.
(d) No new schemes of refinancing is proposed to be launched during 2000-2001.
