Question : FUNCTIONING OF NABARD

(a) whether the National Bank for Agricultural and Rural Development (NABARD) is functioning effectively in the country;

(b) if so, the details thereof including the measures being taken to facilitate credit flow to farmers for the development of agriculture and agro industries during the last three years; and

(c) the details of funds allocated, released and utilised under the Rural Infrastructure Development Fund (RIDF) maintained by the NABARD during the last three years and the current year, programme-wise?

The Minister of State in the Ministry of Finance (Shri Namo Narain Meena)

(a) & (b):- Yes, Sir. The NABARD was established by an Act of Parliament on 12 July 1982, as a Development Bank with a mandate for providing and regulating credit and other facilities for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting integrated rural development. NABARD has taken various measures relating to promotion of credit in the field of agriculture which includes extending refinance to rural financial institutions, cooperatives and Regional Rural Banks(RRBs) for short term crop loan as well as refinance for investment credit or agricultural term loans. The details of refinance extended by NABARD during the last three years are given below:-

Rs. in crore	2009-10	2010-11	2011-12
Refinance for short term crop loans	24, 715	34, 196	48, 981
Refinance for Investment credit	12009	13485	15421

Year	Allocation	Sanctioned	Disbursed
2009-10	20500#	22129.82#	18887.54#	#(including Rs. 6500 Cr.	sanctioned for National	Rural Road Agency)
2010-11	16000	18314.88	12060.04
2011-12	18000	20701.12	14168.19	(including Rs.2000 Cr.	(Excluding Rs. 759 Cr	for Warehousing)	Refinanced to banks	under Warehousing )
2012-13	20000	14997.35	6917.43
(upto	(including Rs.	5000 cr for	warehousing)
Dec 2012