The National Bank for Agriculture and Rural Development (NABARD) announced it extended record financial support of ₹5,830 crore to Jharkhand in FY 2024–25 to promote rural infrastructure, livelihoods, and financial inclusion.
Key Allocations & Beneficiaries
- Total Assistance: ₹5,830 crore
- Support to Banks: Jharkhand Rajya Gramin Bank and Jharkhand State Cooperative Bank received ₹2,143 crore
- RIDF (Rural Infrastructure Development Fund): ₹1,988 crore disbursed for critical infrastructure projects
Major Projects & Interventions
- Irrigation Projects: 2 Mega Lift Irrigation projects in Giridih and Palamu (28,500 ha irrigation potential)
- Infrastructure Development:
- 396 rural godowns and marketing centres
- 211 rural bridges
- 19 safe drinking water projects
- Farmer Producer Companies (FPCs):
- 244 FPCs promoted impacting 2 lakh+ farmers
- 53 FPCs onboarded to ONDC for digital commerce access
- Computerisation of PACS:
- Phase I complete for 1,500 PACS (including 281 ePACS)
- Remaining 2,871 PACS to be computerised in FY 2025–26
Tribal and Watershed Development
- Tribal Projects:
- 61 projects benefitting 40,000 tribal families
- Focus: orchard-based livelihoods and sustainability
- Watershed Development:
- 51 projects across 58,500 hectares, aiding 50,000+ families
- Enhancing climate resilience and agri-productivity
