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In a path-breaking move, Goa State Co-op Bank secures refinance assistance after 25 yrs to benefit farmers

After a gap of 25 odd years, NABARD’s (National Bank for Agriculture and Rural Development) Goa Regional Office (RO) sanctioned ST refinance assistance of Rs 20 crores and Rs. 5.25 crores under Short Term-Seasonal Agricultural Operations to the Goa State Cooperative Bank towards working capital requirements of Societies and Primary Agricultural Credit Society (PACS) to benefit the farmers of the state.

Besides this, to promote irrigation and fisheries and aquaculture infrastructure development, an amount of Rs. 3.8 crore has been released  as Central Government grant assistance. 

Registering a stellar performance both in business areas and developmental front, the RO sanctioned Rs. 344 crore and disturbed Rs. 250 crore as against a target of Rs. 65 Crore and 150 Crore respectively under Rural Infrastructure Development Fund (RIDF) in FY 2020-2021.

On the similar lines, under NABARD NIDA (NABARD Infrastructure Development Assistance), the regional office sanctioned Rs. 64.87 Crore and disbursed Rs. 21.77 Crore.

The presence of rural marts across Goa, geographical tagging of local produce like Kunbi weaving, Mankura mango, Bebinca and skill training to rural population have been done under the developmental front.

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