Chandigarh, Feb 20 (IANS) Saying 117 blocks in Punjab face a severe groundwater crisis, state Finance Minister Harpal Cheema on Friday unveiled NABARD (National Bank for Agriculture and Rural Development)’s State Focus Paper for 2026-27 at the State Credit Seminar organised by the NABARD in Mohali, near here. He outlined a credit roadmap for the state’s growth across agriculture, MSMEs, infrastructure, renewable energy, and social sectors. Addressing the gathering, Minister Cheema said, “N…
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Lucknow, Feb 17 (IANS) The Multipurpose Primary Agricultural Cooperative Societies (M-PACS), launched to strengthen the co-operative banking network and enhance outreach to grassroots workers, are yielding wide-ranging results in Uttar Pradesh. According to an official statement, more than 2 lakh new accounts have been opened in district cooperative banks, with deposits totalling around Rs 550 crore, thereby facilitating the integration of the rural economy with the formal banking system.A…
New Delhi, Jan 31 (IANS) The total business of 28 Regional Rural Banks (RRBs) has crossed Rs 12 lakh crore in the first half this fiscal (FY26), according to the government.Currently, 28 RRBs are operating through 22,158 branches across 26 states and three Union Territories, covering about 730 districts.“Total business of all 28 RRBs has crossed Rs. 12 lakh crore, surpassing business level of few individual PSBs in the 1st half of Financial Year 2025-26,” according to Finance Ministry.These …
New Delhi, Jan 29 (IANS) There has been a significant improvement in the asset quality of scheduled commercial banks with a sharp decline in the percentage of bad loans and higher recoveries, according to the Economic Survey 2025-26, tabled in the Parliament by Finance Minister Nirmala Sitharaman on Thursday.It points out that the gross non-performing asset (GNPA) ratio and net NPA ratio have reached multi-decadal lows while the capital-to-risk-weighted-asset ratio (CRAR) of banks remained stron…
New Delhi, Jan 23 (IANS) The Centre on Friday said it has approved the long-pending wage revision for Public Sector General Insurance companies (PSGICs) and National Bank for Agriculture and Rural Development (NABARD). The government also approved pension revision for retirees of Reserve Bank of India (RBI) and NABARD. A total of about 46,322 employees, 23,570 pensioners and 23,260 family pensioners across these organisations will benefit from these revisions.“The wage revision for the employe…
New Delhi, Jan 18 (IANS) The National Cooperative Database (NCD) has recorded over 8.5 lakh cooperatives, of which approximately 6.6 lakh are operational — covering nearly 98 per cent of rural India and serving around 32 crore members across 30 sectors, official data showed on Sunday.These institutions connect milk producers, artisans, fishers, traders, and workers to markets, while connections with women-led SHGs have integrated nearly 10 crore women into the cooperative framework.“From nati…
New Delhi, Jan 12 (IANS) The increase in India’s rural demand, reflected in figures such as the surge in two-wheeler sales, spells good news for India’s $4.2 trillion economy, which in 2025 passed Japan to emerge as the world’s fourth-largest, media reports said. An article in Singapore’s The Straits Times cites a National Bank for Agriculture and Rural Development (NABARD) survey, which found that 42.2 per cent of rural households saw their incomes grow in 2025, with about 80 per cent o…
Amaravati, Dec 28 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Sunday thanked Prime Minister Narendra Modi for appreciating Narsapuram lace craft.The Chief Minister took to ‘X’ to thank the Prime Minister, who mentioned Narsapuram lace craft in his ‘Mann Ki Baat’ programme on Sunday.”Thank you for your appreciation of the Narsapuram lace craft, Hon’ble Prime Minister Modi Ji. Andhra Pradesh is home to many traditional arts that have been preserved by families and communities over…
New Delhi, Dec 28 (IANS) Prime Minister Narendra Modi on Sunday said that India’s traditional arts are empowering society and emerging as a major vehicle for people’s economic progress, citing inspiring examples from Andhra Pradesh and Manipur while highlighting the role of women-led initiatives.Addressing the 129th episode of his monthly radio programme ‘Mann Ki Baat’, the Prime Minister said he wanted to share stories of individuals, especially women, who have taken the lead in promoting cultu…
Chennai, Dec 25 (IANS) The construction of river training walls and additional infrastructure at the fish landing centre in Chandirapadi village in Tamil Nadu’s Tharangambadi has gathered significant momentum and is expected to be completed by March 2026, officials said, well ahead of the stipulated deadline of December next year. The Rs 32-crore project is being implemented under the National Bank for Agriculture and Rural Development (NABARD) scheme through the Fisheries and Fishermen Welfare …