logo
Workshop on Kerala Climate Resilient Agri Value-Chain Modernisation Project (KERA) held

Workshop on Kerala Climate Resilient Agri Value-Chain Modernisation Project (KERA) held

The Hindu5 days ago
The National Bank for Agriculture and Rural Development (NABARD) is happy to associate with the World Bank-aided Kerala Climate Resilient Agri Value-Chain Modernisation Project (KERA), Nagesh Kumar Anumala, chief general manager, NABARD, Kerala Region, has said.
Addressing a workshop organised by the Agriculture department on the KERA project here on Wednesday, Mr. Anumala said NABARD and its subsidiaries would be associating with the project as it unfolds. He went on to add that NABARD Consultancy Services was keen to collaborate as a knowledge partner in the project.
Climate change affects the agriculture sector the most. As far as Kerala is concerned, KERA project assumes significance as building resilience in this sector is important in the context of tariff wars and geopolitical tensions many of its commodities are associated with the international market, he said.
Sushil Kumar, general manager, State Bank of India, also underscored the need to promote resilient agriculture.
The ₹2,365.48-crore World Bank-aided project covers a five-year period. It has three components including climate resilience and mitigation in agriculture, enhancing small-holder commercialisation for local economic development and strengthening farmer producer organisations, farmer producer companies, agri-business and agri-tech startups.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nabard promotes 6,215 farmer producer organisations, says FM Sitharaman
Nabard promotes 6,215 farmer producer organisations, says FM Sitharaman

Business Standard

time3 hours ago

  • Business Standard

Nabard promotes 6,215 farmer producer organisations, says FM Sitharaman

National Bank for Agriculture and Rural Development (Nabard) has promoted the formation of 6,215 FPOs till date under various schemes, Parliament was informed on Monday. The major support provided to Farmer Producer Organisations (FPOs) includes formation of FPOs, capacity building, credit facilitation and market linkage support, financial literacy, etc, Finance Minister Nirmala Sitharaman said in Lok Sabha. In addition, she said, Nabard, in partnership with Small Farmers' Agri-Business Consortium (SFAC) and Open Network for Digital Commerce (ONDC), has conducted FPO Melas (TARANG-celebrating Collectivisation) at 50 locations across 24 states/UTs to demonstrate the products of FPOs/OFPOs to enable the marketing & branding of FPO products. She further said Nabard extends loan assistance to state governments for the creation of rural infrastructure through various funds, that is, Rural Infrastructure Development Fund (RIDF), Nabard Infrastructure Development Assistance (NIDA), Rural Infrastructure Assistance to State Governments (RIAS), Long Term Irrigation Fund (LTIF), Micro Irrigation Fund (MIF), Food Processing Fund (FPF), Warehouse Infrastructure Fund (WIF) and Fisheries and Aquaculture Infrastructure Development Fund (FIDF). State/UT wise yearly allocation is made under RIDF on the basis of funds allocated by Reserve Bank of India (RBI) from Priority Sector Lending (PSL) shortfall, she said. Other than RIDF, the support through various funds is provided to States/UTs on the basis of proposals received from the respective State/UT Governments, and no yearly allocation is made, she said. The reduction in the Priority Sector Lending (PSL) shortfall fund in the financial year 2024-25 resulted in a consequent reduction in RIDF fund allocation to the States/UTs, she said. NABARD's funding support through the above-mentioned funds enhances rural infrastructure, including roads, irrigation, and storage facilities, which leads to increased productivity and better market access in rural areas, she said. This, in turn, improves the ability of rural borrowers to absorb and utilise credit effectively, she said, adding, Nabard also provides short-term & long-term refinance to Cooperative Banks and Regional Rural Banks (RRBs) for agricultural loans at concessional rates. Sharing data of sanction and disbursement under RIDF during the past three years, 2022-23 to 2024-25, to various states, she said, against sanctions of Rs 1,40,789 crore, Rs 1,22,595 crore disburement was done. For funds other than RIDF, she said, disbursement of Rs 36,439.63 crore was done against sanctions of Rs 47,617.63 crore during the financial years 2022-23 to 2024-25. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Non-motorised transport projects in Kochi remain incomplete
Non-motorised transport projects in Kochi remain incomplete

The Hindu

time20 hours ago

  • The Hindu

Non-motorised transport projects in Kochi remain incomplete

The alleged delay in clearing encroachments on arterial roads and in acquiring small tracts of land has resulted in the redevelopment of drains, footpaths, and allied infrastructure on Kaloor-Kadavanthra Road (KK Road) and a couple of other arterial roads coming to a grinding halt. They were taken up years ago under a French-aided ₹111-crore non-motorised transport (NMT) project. The project was envisaged on either side of the Aluva-Thripunithura metro corridor and included key arterial roads like KK Road and Hospital Road. KK Road, owned by the Greater Cochin Development Authority (GCDA), has even otherwise been hogging headlines for the wrong reasons due to the alleged delay on the part of the government in according sanction to execute a ₹2.50-crore resurfacing work. This also attracted the ire of the Kerala High Court, with a few motorists who met with accidents after they were caught unawares by the potholes seeking the court's intervention to make it a safe and motorable corridor. Incomplete NMT work While the road ought to be maintained by the GCDA, the agency had temporarily handed over drains and footpaths on either side to Kochi Metro Rail Limited (KMRL) for being redeveloped as part of the metro agency's NMT project that was aided by AFD, a French agency that had extended a loan for the metro's Aluva-MG Road-Thripunithura phase one project. As such, only 70 % of the redevelopment work is over. Sources in the GCDA said that KMRL 'ran out of funds' on completing 70% of the redevelopment work. 'It is now up to either the GCDA or the Kochi Corporation, to whom the GCDA is expected to hand over KK Road, to complete the rest of the NMT project. For this, either of these agencies would have to acquire small tracts of land at eight places in the corridor and also remove encroachers. KMRL could easily have completed NMT works on rest of the stretches on either side of Katrikadavu bridge,' they added. Meanwhile, KMRL sources said the funds that AFD had allotted for the NMT project had lapsed due to delay on the part of the GCDA in handing over the necessary land and in clearing encroachers at a few places. 'There is little progress, though meetings were held in this regard,' they said. KMRL hopeful KMRL's Managing Director Loknath Behera said that the metro agency was trying to get 'unspent' NMT funds from AFD. 'Once we get the funds, some of the unfinished projects will be attended to,' he added. KMRL's NMT project on the Manorama Junction-Vyttila-Pettah stretch too is incomplete due to undue delay on the part of the Kochi Corporation and the Public Works department in clearing encroachments.

F&B batch of Vedanta skills centre get 92 per cent job placement
F&B batch of Vedanta skills centre get 92 per cent job placement

New Indian Express

timea day ago

  • New Indian Express

F&B batch of Vedanta skills centre get 92 per cent job placement

KALAHANDI: The Skills Training Centre of Vedanta Aluminium here has successfully completed the food and beverage (F&B) training of its first batch, securing an impressive 92 per cent placement rate for the trainees. The participants enrolled for training at the centre also completed a 40-hour course on IT literacy, marking a pivotal step in digital empowerment. For 90 pc of the trainees, it was their first-ever exposure to digital education, upskilling them for a future-ready workforce, Vedanta officials said. They said the Vedanta Lanjigarh Skill Training initiative launched in collaboration with Odisha Skill Development Authority (OSDA) and NABARD, aims to train more than 1,200 rural youth within a period of three years, using a two-pronged approach, offering training as well as entrepreneurial and employment avenues. Over 700 youth have already been imparted training in different fields under this initiative. 'Initiatives like these are powerful enablers of transformation. They bridge the gap between rural potential and mainstream opportunities,' said NABARD district development manager Maheshwar Das. Vedanta Alumina Business CEO Pranab Kumar Bhattacharyya said this outstanding placement milestone reflects what is possible when industry and community participation come together. 'We are committed to enabling the aspirations of Kalahandi's youth through focused, outcome-driven skill development programmes,' he asserted.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store