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Share Jammu: Keeping in line with its vision “Development Bank of the Nation”, NABARD augmented support to the various sectors of rural economy during 2020-21, for overall development of Jammu & Kashmir and Ladakh UTs. The sanctions under various interventions were higher by 70% over the last year. NABARD’s stress on boosting the capital formation resulted in disbursement of refinance of Rs 111 crore to Regional Rural Banks. To support the agriculture production activities of farmers, short term refinance to the tune of Rs 50 crore was extended during 2020-21. Further, in Atam Nirbhar Package of Government of India under Additional Emergency Working Capital Funding for farmers, NABARD extended a support of Rs 150 crore to JKGB. ....
NABARDâs augmented-support boosts rural economy in J&K, Ladakh UTs in 2020-21 The sanctions under various interventions were higher by 70% over the last year. NABARDâs stress on boosting the capital formation resulted in disbursement of refinance of Rs 111 crore to Regional Rural Banks. To support the agriculture production activities of farmers, short term refinance to the tune of Rs 50 crore was extended during 2020-21. Further, in Atam Nirbhar Package of Government of India under Additional Emergency Working Capital Funding for farmers, NABARD extended a support of Rs 150 crore to JKGB. Financing a variety of rural infrastructure projects has emerged as one of the most dominant themes of rural Indiaâs growth. ....
External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Bamboo Capital Partners exits Confie after triple-digit growth in loans and savings portfolios 04 February 2021 Source: Bamboo Capital Partners Bamboo Capital Partners (“Bamboo”), the specialist impact investor in emerging and frontier markets, today announces its successful exit from CONFIE, a Latin American microfinance investment holding company. CONFIE supports the development of the microfinance industry through investment, financing, and technology to promote equitable and inclusive development in Latin America. Through its investment in CONFIE in 2007 as part of its first Financial Inclusion Fund, Bamboo has positively impacted the development of two microfinance institutions: Banco FIE in Bolivia and Fie Gran Poder in Argentina. ....