Company: National Bank For Agriculture And Rural Development
Income 2005-2006 =Rs 4000 Cr (rounded off)
Net profit after tax (05-06) = Rs 1000 Cr (rounded off)
Karmayog CSR Rating- 2/5
CSR activities:
Credit is a critical factor in development of agriculture and rural sector as it enables investment in capital formation and technological upgradation. Hence strengthening of rural financial institutions, which deliver credit to the sector, has been identified by NABARD as a thrust area. Various initiatives have been taken to strengthen the cooperative credit structure and the regional rural banks, so that adequate and timely credit is made available to the needy.
In order to reinforce the credit functions and to make credit more productive, NABARD has been undertaking a number of developmental and promotional activities such as:-
oHelp cooperative banks and Regional Rural Banks to prepare development actionsplans for themselves
oEnter into MoU with state governments and cooperative banks specifying their respective obligations to improve the affairs of the banks in a stipulated timeframe
oHelp Regional Rural Banks and the sponsor banks to enter into MoUs specifying their respective obligations to improve the affairs of the Regional Rural Banks in a stipulated timeframe
oMonitor implementation of development action plans of banks and fulfillment of obligations under MoUs
oProvide financial assistance to cooperatives and Regional Rural Banks for establishment of technical, monitoring and evaluations cells
oProvide organisation development intervention (ODI) through reputed training institutes like Bankers Institute of Rural Development (BIRD), Lucknow www.birdindia.com, National Bank Staff College, Lucknow www.nbsc.in and College of Agriculture Banking, Pune, etc.
oProvide financial support for the training institutes of cooperative banks
oProvide training for senior and middle level executives of commercial banks, Regional Rural Banks and cooperative banks
oCreate awareness among the borrowers on ethics of repayment through Vikas Volunteer Vahini and Farmer’s clubs
oProvide financial assistance to cooperative banks for building improved management information system, computerisation of operations and development of human resources
Amount spent on CSR : No information regarding the amount spent on CSR was available on the homepage .
Contact details : National Bank For Agriculture And Rural Development
Plot No C-24 “G” block
Bandra -kurla complex
P.B No 8121
Bandra (e)
Mumbai :400051
Email:Contact@nabard.org
Website : http://www.nabard.org