Nabard celebrates foundation day

The regional office of the National Bank for Agriculture and Rural Development (Nabard) celebrated its 31st foundation day here on Thursday.

Mr K. C. Joseph, Minister for Rural Development, inaugurated the function, which was presided over by Mr R. Amalorpavanathan, chief general manager, Nabard.

NABARD FETED

The minister appreciated the support extended by Nabard to the State’s developmental efforts over a period of three decades.

He specifically mentioned the creation of infrastructure and empowerment of poor through joint liability groups or self-help groups.

He also appreciated the Nabard programmes to reach developmental agenda to the remote areas.

The Minister expressed the hope that Nabard would continue to extend its support to the State in all its future endeavours.

He said the apex bank had done full justice to its incorporation by striving hard to achieve the objectives for which it was formed.

NEW INTERVENTIONS

Mr Amalorpavanathan acknowledged the efforts made by the government, the Reserve Bank, banks and community-based organisations for the State’s development.

He also thanked these agencies and the government for the support and cooperation extended to Nabard in furthering the developmental agenda.

He said Nabard intended to undertake new interventions to further the developmental agenda of the State.

Mr Jose T. Abraham, secretary of the employees association, threw light on the challenges faced by development financial institutions in recent times.

NEW CHALLENGES

He urged the government to provide necessary support to Nabard to successfully carry out its mission.

Among those who were present included Mr Salim Gangadharan, regional director, Reserve Bank of India, and Mr G. Sreeram, Convenor, State-Level Bankers Committee.

Mr K. R. Rao, general manager, Nabard, welcomed the dignitaries and other guests.

vinson.kurian@thehindu.co.in