The National Bank for Agriculture and Rural Development (NABARD) on Tuesday reported a 24% increase in its balance sheet, reaching a high of ₹ 6.57 lakh crore in the financial year ended March 31, 2021.
Its balance sheet was 95.32 lakh crore in FY 2019-20.
“In FY 2020-21, we have given a great performance. We closed a turnover of ₹ 6.57 lakh crore, registering a growth rate of 23.5%. This is an all-time high, ”Chairman of NABARD GR Chintala told reporters.
The growth in business was encouraged to reorganize the various schemes announced by the government, the processes and products carried out by the institutions, and the customers, institutions and the state governments to reap the benefits of the schemes, so as to bring about rapid growth. said.
“For Finance 2021-22, we have kept our balance sheet size, 7.5 lakh crores,” Mr. Chintala said.
The bank’s borrowings increased from ₹ 2.06 lakh crore to ₹ 3.18 lakh crore during the same period, and for FY2022 it plans to borrow close to ₹ 3.7 – lakh 3.9 lakh crore from the market, he said.
It had a net interest margin (NIM) of 1.72% and a capital-weighted (weighted) asset ratio (CRAR) of 20.9%. Gross NPA was 0.21%, the same as in the previous year. Chintala stated that the net NPA was 0%.
Vikas Bank’s loans and advances increased from ₹ 4.81 lakh crore to ₹ 6.03 lakh crore, a significant increase of 25%.
The total refinance disbursement made by it was ₹ 2.23 lakh crore, an increase of 25% over 2019-20.
Under the Atmanabir Bharat Abhiyan, NABARD provided ₹ 16,800 crore to cooperative banks, 6,700 crore to regional rural banks and Rs 2,000 crore to NBFC-MFI through Special Liquidity Facility (SLF).
NABARD disbursed 46 65,746 crore 2020-21 for the construction of agricultural and rural infrastructure. Disbursement Rural Infrastructure Development Fund (31 27,831 crore), NABARD Infrastructure Development Assistance (crore 7,506 crore), Long Term Irrigation Fund (, 7,761 crore), Pradhan Mantri Awas Yojana – Grameen (₹ 20000 crore), Micro Irrigation Fund (₹ 1,827 crore) And Warehouse Infrastructure Fund () 825 crores).
Mr. Chintala stated that despite the COVID-19 epidemic, the institution completed 100% inspection of regional rural banks.
According to the inspection, out of 43 RRBs, 23 are in very good shape, he said.
When asked about the consolidation of RRBs, Mr. Chintala said, “The thinking of one state-one-RRB is already sinking everywhere, but I am not saying that the decision (on it) has been taken.” ” Speaking about microfinance institutions (MFIs), he said that during the initial months of lockdown in FY 21, collections and businesses of micro lenders were affected.
“From August (2020), collection capacity (of MFIs) started improving. Today, most MFIs have a storage capacity of 95% – 96%, ”said Mr. Chintala.
During 2020-21, NABARD promoted 394 Farmer Producer Organizations (FPOs) and. Grants-in-aid of 38.41 crores, leading to cumulative grant support of 244.40 crores.
Apart from this, it is also the leading implementing agency under the Central Sector Plan of 10,000 FPOs and will promote 4,000 FPOs in 5 years. In the last fiscal year, he. 300 FPOs with a grant of 75 crores were approved.
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