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Sat, 21 Sep 2019

Northeast Today

Deputy Chief Minister of Arunachal Pradesh visited NABARD Head Office at Mumbai

Deputy Chief Minister of Arunachal Pradesh visited NABARD Head Office at Mumbai
June 18
11:23 2019

NET Bureau

In the sideline of the ideological training of the BJP Legislators at Mumbai, Deputy Chief Minister of Arunachal Pradesh, Shri Chowna Mein accompanied by MLA Namsai, Chau Zingnu Namchoom visited and had a discussion with Heads of various policy & business departments of National Bank for Agriculture & Rural Development (NABARD) in its Head Office at Mumbai today.

In the meeting, Mein while citing that large sections of rural population of Arunachal Pradesh depend on agriculture & allied sector for their livelihood, he said that this sector needs rejuvenation where NABARD can play a vital role. He stated that banking infrastructure need to be strengthened especially in rural areas for larger credit absorption and efficient delivery to improve the financial health of the rural people.

While taking note of the RIDF issues in the State,  he advocated for developing a hybrid fund by combining RIDF and NIDA as also suggested by NABARD officials as it will provide for lower cost and longer gestation period without effecting the borrowing power of the state.

He further stressed on Farmer’s Producer Organization’s (FPO) formation and its handholding which would help the farmers in the state to a great extent as they will be able to produce scientifically as well as market their produce at remunerative prices. He said that FPOs especially for chitronella is highly essential in the State.


While acknowledging the contribution of NABARD in the progress of the State of Arunachal Pradesh, he appreciated the inputs provided by NABARD officials in the meeting. With a view to make this year’s State budget more inclusive and broad based, Mein also sought the inputs from NABARD officials on major priority areas in the field of agriculture & allied activities which needs focus as well as budgetary support from the State government.

Shri Zingnu Namchoom, MLA has emphasised the need for establishing a Fishery Institute in the state and sought NABARD’s guidance and suppoort for the same. He also said that Arunachal Pradesh needs to be supported for water supply projects under RIDF.

Dr Gyanendra Mani, General Manager &  former OIC, NABARD Arunachal RO welcomed Deputy Chief Minister and MLA Namsai. He informed that NABARD got full support and cooperation from the State Government, especially from HDCM which got culminated into jointly organizing a State Conclave on Agriculture & allied sector in Arunachal Pradesh on 18-19 May 2019. He informed that the recommendation of same have already been brought out and road maps for various agriculture & allied activities have been prepared.

He suggested for the revival of the coopearative banks as well as  rural banks in the state so that they become eligible for refinancing from NABARD. He further said that the State Govt needs to help banks in the state in recovering their dues by forming some committees under the chairmanships of DCs at the district level. The state govt should provide budgetary support for the formation of at least 50 FPOs, modernization of at least 7-8 APMCs to make them eligible for e-NAM boarding, infrastructure support to the veterinary department for vet hospitals, dairy processing sericulture promotion, cold water fisheries, promotion of medicinal & aromatic plants, etc.  He also suggested that the performance of KVKs may be reviewed with a view to engage them into various developmental activities related to agriculture & allied sector.

Shri GR Chintala, CGM, DOR, Shri Jiji Mammen, CGM, Business Initiative Department, Shri Neeraj Verma, GM & Ex-Managing Director of Nabkishan, Shri Asit Kumar Mohanty, CGM, SPD and Shri AR Khan, GM, FSPD also spoke on the occasion.



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