Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • NABARD Reviews

    • HDFC Bank Personal Loan
      "Personal Loan balance transfer "
      0.5 0.5/5 "Unacceptable"
      Very worst service I ever seen even in national bank other government office, personal advice don't apply any type of loan even for closure they make you to run around them, it almost more than a month I am running around back to get my DD even customer care not responding well the greviance is worst not replying to ur mail
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 27, 2017
    • HDFC Bank Personal Loan
      "Interest rate should be flexible "
      0.5 3.0/5 "Satisfactory"
      I got best offer from HDFC according to my company policy, they gave me good interest rate on personal loan. But without informing they have taken processing fee and insurance amount from the disbursement, they should give clear picture about the charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 27, 2017
    • Bank Bazaar Customer Support
      "Good financial website"
      0.5 4.0/5 "Great!"
      Bank Bazaar is good when I uploaded the loan request, I received the response immediately from them. Bank Bazaar has good loan segregation process, I could check and take the best product in the market. The website is easy to use, but I would like to suggest Bank Bazaar should enable the one time registration option, when I am filling my information it should capture it next time when I am checking for some other products again it should not ask the details.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 27, 2017
    • Kotak Personal Loan
      "Communication part should be improved"
      0.5 2.0/5 "Expected more"
      I am ready to avail Kotak Mahindra personal loan, but they rejected my loan application without initmation, Infact I didn't receive any call or any message from them and no one came to collect the documents. I would like to suggest them to improve their communication part, also they need to be more transparent in their process.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 27, 2017
    • Bank Bazaar Customer Support
      "Really good"
      0.5 4.5/5 "Excellent!"
      The bank bazaar gives a prompt response and the regular follow to their customers. I really appreciate the bank bazaar effort which was given to the customer in terms the service, follow up in any case. The customer service and the response is really good with bank bazaar. The bank bazaar web site is easy to use and user friendly.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 26, 2017
    • Bank Bazaar Customer Support
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is an excellent service provider, I am getting good and satisfactory service. Whenever I took any financial products through Bank Bazaar. I am happy about that, I came to know Bank Bazaar through a google search. I had been using it for three years and it is really good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 25, 2017
    • Bank Bazaar Customer Support
      "Great Experience while applying for a Loan"
      0.5 5.0/5 "Blown Away!"
      I would like to tell the Bank Bazaar team that I had a great experience while applying for a loan. I never did this before and when I applied through your site you made it so easy. The way it is presented is really good. people will like it when filling up loan form if it looks so picturistic.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 25, 2017
    • Bank Bazaar Customer Support
      "Customer support"
      0.5 5.0/5 "Blown Away!"
      Very good customer support service that I received from your side, thanks for your valuable support. keep it up. The customer services are good and very much satisfactory at Bankbazaar. I was contacted instantly and the process is smooth, thanks.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 25, 2017
    • Bank Bazaar Customer Support
      "Good response "
      0.5 4.0/5 "Great!"
      Very easily any one can login using this application, every steps can be followed easily, there is no confusion over all its good. Before using this app people have to struggle to take loan not only loan other there daily needs, now it's very easy and it is good to share.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 25, 2017
    • Bank Bazaar Customer Support
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com is really a good one , the response provided by them is the best, also I used to get the calls from them on an immediate basis with them till now. Online portal of the Bankbazaar.com is easy to access, I would certainly recommend this site to all.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 24, 2017
    • HDB Financial Services Personal Loan
      "Wonderful "
      0.5 5.0/5 "Blown Away!"
      I did not take the personal loan with the HDB financial services because I have not submitted the documents with them till now because of some other reasons. Customer service and the response were good one with them and there are no suggestion to them as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 24, 2017
    • Bank Bazaar Customer Support
      "Satisfied with the services"
      0.5 4.0/5 "Great!"
      The services from Bankbazaar has been nice and overall experience is good. It was very convenient to get connected with the banks through this portal. I only had to submit my details and place the request. I started to receive calls and I got the loan without a delay.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 24, 2017
    • ICICI Bank Personal Loan
      "High on ROI & good services"
      0.5 3.0/5 "Satisfactory"
      The service provided was really good by ICICI Bank and the process was on time. I received the personal loan within five days. The bank was high on the rate of interest, it was around 14%. The processing charges were also high. The documents were collected on time as it was promised as well.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 24, 2017
    • Bank Bazaar Customer Support
      "Personal loan "
      0.5 5.0/5 "Blown Away!"
      It's very fast to get the information and calculated the your monthly EMI and processing is also very fast to get the loan confirm just upload your documents and get approval on the spot. It's nice and hassle free to get for your query and even to get the services by bankbazar. Comparison. Thank you very much bankbazar
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 24, 2017
    • ICICI Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      ICICI Bank contacted me for the personal loan and since I could not provide any documentation from my end at that moment, I cancelled my application. The interest rate and processing charges is normal. The overall experience is good and smooth.
      Was this review helpful? 0
      , jagdalpur
      Reviewed on Jun 24, 2017
    • Bank Bazaar Customer Support
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I would like to say the communication part is the best and it is really working in a perfect way, also the timely update is really good one with the Bankbazaar.com. Co-ordination is prefect and the customer service of bankbazaar really works in a good way.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 24, 2017
    • IndusInd Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have not got the call from the Indusind bank after the first call like I would like to say there were no continuous follow ups. I have seen the interest rate was around 13% to 14% as approximately and the bank is also good one. I would like to suggest that they need to make the follow up with the customer which is on an immediate basis.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 24, 2017
    • Bajaj Finserv Personal Loan
      "Services are good & high on charges"
      0.5 5.0/5 "Blown Away!"
      I am an existing customer of Bajaj Finserv and they have given me a personal loan. The customer services are good. They collected my papers on time and the process was also smooth. The interest rate and processing charges was high when compared with other banks.
      Was this review helpful? 0
      , rajahmundry
      Reviewed on Jun 24, 2017
    • Bank Bazaar Customer Support
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      The services provided by Bankbazaar has been good and the overall experience is nice. I received a proper response and it was a timely process.There were a lot of follow up calls and the website has a number options to choose the right bank. Satisfactory overall.
      Was this review helpful? 0
      , rajahmundry
      Reviewed on Jun 24, 2017
    • ICICI Bank Personal Loan
      "Not Satisfied with the services"
      0.5 3.0/5 "Satisfactory"
      ICICI Bank contacted me for the personal loan, and I gave them a time frame and asked them to call back because I was out of town. But I received no calls. It has not been a satisfactory experience. The rate of interest and processing charges is normal.
      Was this review helpful? 0
      , rajahmundry
      Reviewed on Jun 24, 2017
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    NABARD is Rated as "Great!" by 76083 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Overview about NABARD

    The National Bank for Agricultural and Rural Development (NABARD) is India’s specialised bank that was set up after the recommendation from the CRAFICARD (Committee to Review Arrangements for Institutional Credit for Agricultural and Rural Department), arranged by the Reserve Bank of India (RBI). On 12th July of 1982, NABARD came into existence and replaced the ACD (Agricultural Credit Department), ARDC (Agricultural Refinance and Development Corporation and RBI’s RPCC (Rural Planning and Credit Cell). The apex development bank was established with an intention to provide focus and undivided attention to the credit problems rooting out of integrated rural development.

    Perfect Personal Loan Deals for you

    NABARD provides various refinance and direct finance options.

    NABARD Refinance

    There are three categories of refinancing options from NABARD:

    1. Short and Medium Term Loans
    2. Long Term Loans
    3. Refinance – Non-farm Sector

    Short and Medium Term Loans

    Agriculture in this modern age requires a huge recurring investment for seeds, insecticides, fertilisers and expensive agricultural machinery and equipment. For these needs, farmers require more than just credit arrangement should extend beyond such provision of credit. The crop loan or the production based lending was devised to analysing the requirements of funds based on the real cost and productivity.

    The PCD or the Production Credit Department provides short term refinance facilities to clients for production, procurement and marketing activities. The details are as follows:

    1. Short Term Refinance for Seasonal Agricultural Operations

      NABARD provides refinancing options to State Cooperative Banks and Regional Rural Banks for the purpose of production. Credit limits are sanctioned to these banks at concessional interest rates. The repayment tenure of the sanctioned credit limit is 12 months.

    2. Short Term Refinance to CCBs (directly), RRBs and PSBs for the finance of PACS

      For times in which Cooperative Banks do not have the capacity to sufficiently fund PACS, a new product for refinancing was introduced in 2011-12. The refinance product can be used to finance PACs via RRBs and PSBs.

    3. Short Term Refinance for Others

      1. Short term (ST) refinancing from NABARD can be granted for the following purposes:
      2. Agriculture and allied activities
      3. Fisheries
      4. Industrial Cooperative Societies (Except Weavers)
      5. Marketing of crops
      6. Labour of Contract and Forest Labour Cooperative Societies and Collection of Minor Forest produce.
      7. Rural artisan (PACS/FSS/LAMPS
      8. Purchases, Stocking and Chemical Fertiliser Distribution

      The loan limit is sanctioned to RRBs and SCBs.

    4. Short Term Refinance for Weavers

      Short Term refinance support is provided to weavers associations and societies through various banks:

      Entity & Requirement Bank
      Primary or Apex or Regional Weavers Coop Society – working capital State Cooperative Bank or DCCBs
      Primary Weavers Coop Society – working capital Scheduled Commercial Bank
      State Handloom Development Corporation – working capital Scheduled Commercial Banks & State Cooperative Banks
      Individual weavers, mutually aided cooperative societies, producer group companies, handloom weavers groups, master weavers – working capital and marketing RRBs and Scheduled Commercial Banks
    5. MT (Medium Term) Conversion

      Farmers whose crops get damaged owing to natural calamities can also look at getting financial support from NABARD. In this case, farmers can convert current short term agricultural loans into medium term loans. They can also reschedule or rephrase an existing MT loan. The total loan limit is sanctioned to SCBs and RRBs.

    Personal Loan Offers

    Long Term Loans

    Long term loans are provided by NABARD as an investment credit that results in generating capital by the way of upgraded technology or improved techniques. The asset creation leads to an increase in productivity, production and income of entrepreneurs and farmers. This is referred to as long term loan as it is given for a duration of 3 to 15 years.

    Long term loans are provided to the following sectors:

    • Agricultural and allied activities
    • Small scale industries, non-farm sector such as small and micro enterprises, handloom, handicrafts, artisans, power looms, etc.
    • Activities of self-help groups working amidst the rural sections of the society and voluntary agencies.
    • Institutions Eligible for Medium Term Refinance:

      The institutions eligible for medium term refinance are:

      • Regional Rural Banks (RRBs)
      • Commercial Banks (CBs)
      • Scheduled Primary Urban Co-operative Banks (PUCBs)
      • North East Development Finance Companies (NEDFC)
      • State Co-operative Agricultural and Rural Development Banks (SCARDBs)
      • State Co-operative Banks (SCBs)
      • State Agricultural Development Finance Companies (ADFCs)
      • Non-Banking Financial Companies (NBFCs)
    • Eligibility Criteria for Refinance:
      • Financial viability and bankability
      • Project feasibility on a technical level
      • Organisational planning for the purpose of credit supervision
    • Refinance – Non-farm Sector

    • ARS or Automatic Refinance Scheme

      There are various schemes under the ARS that can be broadly classified into five unique and compact schemes:

      • CLS or Composite Loan Scheme: This loan is provided to meet the working capital needs of micro or small enterprises. The loan scheme grants loans of up to Rs. 10 lakh for each unit.
      • ILS or Integrated Loan Scheme: The loan provides refinancing support to block capital and working capital for a single operating cycle. In this case, the borrower can avail refinance of up to Rs. 15 lakh.
      • SEMFEX or Self Employment Scheme for Ex-servicemen: This scheme promotes ex-servicemen to take up agricultural and allied activities or operate non-farm units.
      • SRWTO or Small Road and Water Transport Operators: Under this scheme, loan is given towards acquiring transport vehicles, water transport as well as passenger transport vehicles. The transport vehicle should be used for the purpose of transporting industrial items, farm produce to marketing centres.
      • SLAMM or Soft Loan Assistance for Margin Money: The SLAMM scheme allows prospective entrepreneurs to take financial support to meet the margin requirements to be eligible for refinance schemes of NABARD.
    • Renewable Energy

      The MNRE (Ministry of New and Renewable Energy) has introduced a capital cum interest subsidy scheme for creating renewable sources of energy at small and domestic commercial level. NABARD serves as the agency that offers feasibility and refinance to the projects that are eligible.

    • Rural Housing

      NABARD provides investment credit to the eligible banks offering housing as well as business loans to the agriculturist and non-agriculturists of the rural areas. 

    NABARD Top 8 Direct Finances

    1. Loans for Food Processing Parks and Units

      NABARD had been granted Rs. 2000 crore as a special fund by RBI for providing credit to Food Parks, also known as agro-processing units. The fund is referred to as the Food Processing Fund – 2014-15. The fund is provided either directly or through other financing agencies via consortium arrangements.

      The purpose of this fund is to aid in the development of the food processing sector in the country, create job opportunities and reduce wastage of agricultural produce.

      Features of Food Processing Fund:

      1. Eligibility – State Governments, entities supported by the Indian Government, Cooperatives, Join ventures, etc. as well as entities supported by the State Governments.
      2. Nature of Loan – The mode of financial support from NABARD towards food processing entities is a term loan.
      3. Quantum of Loan – NABARD offers loan amount of 75% to 95% of the eligible project outlay.
      4. Loan Tenure – The loan tenure being offered in the loan is up to 7 years.
      5. Rate of Interest – NABARD offers loans for food processing entities at PLR (Prime Lending Rate) plus Risk Premium. The PLR is modified by NABARD from time to time.
    2. Loans for Warehouses, Cold Storage and Cold Chain Infrastructure

      NABARD was allocated Rs. 5000 crore in 2014-15 to aid in building an infrastructure for the storage of agricultural commodities. The fund was labelled as the Warehouse Infrastructure Fund of 2014-15. The fund gives loans to private and public sectors for construction of cold storages, silos, warehouses and other cold chain infrastructure.

      Features of Warehouse Infrastructure Fund:

      1. Eligibility – The following are eligible to avail the loan from NABARD:
        1. Individual entrepreneurs, corporates and companies
        2. State Governments
        3. Cooperative Marketing Societies (CMS) or Primary Agricultural Credit Societies (PACS)
        4. Central or State Government owned or supported entities, FPOs (Farmers’ Producers’ Organizations, similar organizations.
      2. Priority – Projects proposed in the North-eastern and Eastern states as well as some other food grain deficit states are given priority when approving the loan.
    3. Credit Facility to Marketing Federations

      Marketing federations and cooperatives are involved in procurement of agricultural products such as milk, etc. The federations carry out activities such as aggregation, value addition, storage and marketing of the agricultural commodity. NABARD provides timely short term financial support to meet the day to day requirements of these cooperatives and federations.

      1. Eligibility – Institutions that are eligible to avail CFF are:
        1. Dairy co-operatives or federations
        2. Registered companies
        3. State or Central Government Agricultural Marketing Corporations and Federations
        4. Agriculture Marketing Federations or Co-operatives
      2. Nature of Loan – Short term loan to meet the working capital requirement for under 12 month tenure. The outstanding due amount must be paid after completion of the 12th month.
      3. Quantum of Loan – NABARD grants loan amount based on the type of borrower and the nature of loan. The institution gives a minimum of 75% of the calculated working capital to a maximum of 100% for some schemes.
      4. Rate of Interest – The ALCO decides the interest rate on the CFF scheme on a daily basis. The rate of interest also depends on the type of project, credit rating of the federation, type of borrower, availability of guarantee, prevailing marketing conditions as well as the type of security provided.
      5. Loan Security – The security requirement varies based on the rating of the federation, type of activity and as per RBI’s stipulations and requirements, on a regular basis. Hypothecation of stocks, assets, book debts and receivables are accepted as primary security. Fixed deposits, guarantees and unencumbered assets serve as additional collaterals.
    4. Rural Infrastructure Development Fund (RIDF)

      RIDF or Rural Infrastructure Development Fund was established at NABARD with an intention to provide low cost credit support to State Governments and corporations owned buy them. The loans could be availed for the purpose of expediting ongoing projects including soil conservation, medium to minor irrigation, watershed management and other rural infrastructure related projects.

      1. Direct Refinance to Co-operative Banks:

        NABARD offers loans or credit to Co-operative Banks (StCBs or DCCBs) through their product called the Short Term Multipurpose Credit Product or STMPCP. This lending scheme enables the above mentioned financial institutions to profit more by diversifying business operations by expanding their lendable resources.

        1. Purposes for Short Term Multipurpose Credit Product:
          1. STMPCP can be availed for the following purposes:
          2. Working capital requirements
          3. Marketing activities
          4. Crop loan
          5. Repair and maintenance of farm equipment and other assets
          6. Redeeming old debts
          7. All other purposes under Section 21(1)(i) to (v) of NABARD Act, 1981
        2. Eligibility – The following eligibility criteria must be fulfilled to avail STMPCP:
          1. The loan is sanctioned to StCBs or CCBs that are financially robust and well government and belong to the category ‘A’ and ‘B’. They should also have an RBI’s license.
          2. In case of banks on-lending to sugar factories, the following criteria should be met:
          3. Sugar factories should not have accumulated losses.
          4. The factories should have a positive net income.
          5. They should not violate any CMA norms.
          6. Accounts should be maintained and audited regularly.
          7. There should be no default in repayment dues towards lenders.
        3. Interest Rate – The rate of interest on STMPCP is charged based on the prevailing market rates
        4. Loan Quantum – Under Short Term Multi-Purpose Credit Product, banks can lend up to 75% to sugar factories and up to 100% as well.
    5. Financing Producer Organisations

      NABARD has set up the Producers Organisation Development Fund (PODF) in an attempt to support producer organisations. NABARD offers credit support in the form of loans, grants, or both.

      1. Eligibility Criteria – The following selection criteria must be fulfilled in order to avail a NABARD loan:
        1. Producers Organisation – The organisation should be registered and be functioning for the producers’ benefit. The producer organisation should be operating for over a year. A complete analysis of the profit and loss account and audited balance sheets should be done.
        2. CBOs/NGOs – The NGOs or CBOs should be registered and have a good track record in the respective field. They should also have profit and loss and audited balance sheets of minimum three years.
      2. Quantum of Loan – NABARD offers loans up to 90% of the total project cost. However, it may vary depending on the size of the project.
      3. Interest Rate – ALCO decides the rate of interest for the loan from NABARD. However, the actual interest rate is decided based on the risk analysis which is done using risk collaterals and tools.
      4. Repayment Period – Loan repayment period for the loan is from 7 to 10 years and a moratorium of 1-2 years.
    6. NIDA (NABARD Infrastructure Development Assistance)

      NIDA has been designed for financially supporting State Governments and organisations owned by the state government. NIDA provided credit support for longer repayment tenures and flexible terms. The NIDA funding is a term loan and provides up to a repayment tenure of 15 years.

      1. Interest Rate – The rate of interest of the NIDA loan is linked to the market borrowings of NABARD. It varies depending on the project and the borrower’s risk.
      2. Loan Repayment – The repayment schedule of the loan is decided as per the requirements of the borrower, risk profile and nature of the project.
    7. Financing and Developing PACS into Multi-service Centres

      PACS provides facilities such as agro-storage, processing, service, transportation and marketing to the farmers. NABARD supports some PACS who are identified by PODF’s committee.

      1. Loan Margin by PACS – A minimum of 10% of the cost of the project is provided by the loan. The margin would also change depending on the scheme.
      2. Rate of Interest – The interest rate is fixed by ALCO under PODF.
      3. Loan Repayment – The loan repayment is up to 9 years along with a two-year grace period.
    8. Umbrella Programme for Natural Resource Management (UPNRM)

      The UPNRM project was launched to streamline NRM related interventions by integrating existing as well as future Indo-German NRM efforts of the NABARD. The initiative enables NABARD’s possibility to specialise in the country’s NRM issues.

      1. Eligible Agencies – The agencies that will be implementing UPNRM are State Governments, NGOs, banks, corporates, etc.
      2. Financial Support – Under UPNRM, a policy or programme based funding is provided with different interest rates and tenures. The eligible sectors will be granted loans and given additional grants for capacity building, skill and infrastructure support.

    News about Personal Loan NABARD

    • Interest waiver on Short-term Crop Loans by NABARD

      In a post-demonetisation relief measure for farmers who had taken short-term crop loans from cooperative banks, NABARD (The National Bank for Agriculture and Rural Development) has effected a waiver in interest rates. A waiver for two months – November and December, on all short-term crop loans will be effective from 1st April, 2016 to 30th October, 2016. The waiver will take effect for outstanding loans of that period. NABARD has issued necessary guidelines to all cooperative banks in order to carry out immediate implementation of the interest waiver.

      3rd February 2017

    • NABARD projects Rs.10,517.38 crore aimed at development in Dakshina Kannada

      National Bank for Agriculture and Rural Development (NABARD) have prepared a potential linked credit plan (PLP) amounting to an Rs.10, 517.38 crore for loan lending towards the priority sector in Dakshina Kannada, the coastal district of Karnataka. In a time where the government has been doing its best to reduce the number of suicides by farmers who are burdened with loans, the NABARD is literally their knight in shining armour galloping towards Dakshina Kannada with their proposed loan lending plan. Their main objective is to double a farmer’s income by providing personal loans with manageable interest rates. According to the proposed plan, Rs.4,778 crore has to be disbursed to the agriculture sector and Rs.1,819 crore to the micro, small and medium enterprises sector. With personal loans being made easily available for development in Dakshina Kannada, the basic objective of the potential linked credit plan (PLP) of mapping the current potential for development through bank credit can easily be achieved.

      5th January 2017

    • NABARD sanctions a loan of Rs 19,702 crores for NWDA

      In an official statement released on Friday, the National Bank for Agriculture and Rural Development (NABARD) has said that it has sanctioned a loan of Rs 19,702 to National Water Development Authority for commencement of 50 irrigation projects in 11 states. These projects aim to strengthen the irrigational potential by adding 39.14 lakh hectares in the said 11 states. The sanctioned amount will be distributed to the respective state governments as centre’s share in the projects.

      27th October 2016

    • Special Area Development Scheme Launched by NABARD

      A new scheme has been launched by NABARD that will benefit farmers greatly. The Special Area Development Scheme (ADS) is designed to help farmers double their income. The scheme aims at securing a livelihood for the agricultural population of the country. Under ADS, farmers will be encouraged to diversify their production and include other activities such as high-value crop cultivation, drumstick cultivation, pandal-based vegetables and more. Water resource development will be enhanced through the recharge of borewells. The scheme will also help enable farm mechanization that will eventually reduce the cost of farming and will lead to an increase in productivity. NABARD has released a booklet containing important information regarding the scheme which will be pivotal in implementing the scheme after considering the problems faced by the agricultural sector and other allied activities.

      23rd September 2016

    • NABARD Decides To Provides Funds to Centre for Irrigation Projects

      by BankBazaar posted on 13th September 2016

      Nabard for the first time will provide funds for irrigation projects. Nabard is usually known for funding financial aid for roads. National Bank for Agriculture and Rural Development aims to raise about Rs.6, 000 crores through private placement and will forward the funds to the centre for their irrigation projects. According to Harsh Kumar Bhanwala, chairman of Nabard stated that funds will be transferred under Pradhan Mantri Krishi Sinchayee Yojana. A memorandum of agreement is signed between Nabard and the Water Resource Ministry stating the same. This will fund 99 important irrigation projects under PMKSY. Bhanwala addresses a leading newspaper, BuisnessLine and stated that Nabard will provide the total estimated amount of Rs.77, 000 crores for irrigation projects as promised.

      BankBazaar News About Loan
    • NABARD Sets Aside Rs 204.67 crore For Rural infrastructure In Haryana

      by BankBazaar posted on 31st August 2016

      Under RIDF (Rural infrastructure Development Fund), National Bank for Agriculture and Rural Development has approved Rs 204.67 crore to develop rural infrastructure in Haryana. A spokesperson of NABARD stated that out of the sum loan amount approves, around Rs 147.18 crore was sanctioned to the state government to construct  three rural bridges,   and to construct and develop 26 rural roads in Faridabad, Karnal, Mahendragarh, Gurgaon, Hisar, Jind, Panchkula , Ambala, ,Rewari and Yamunanagar. They have also allocated around Rs 57 crore for a voltaic solar power plant at Panipat. The spokesperson also stated that this is the first time that NABARD has sanctioned this type of loan especially in Haryana.

      BankBazaar News About Loan
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