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The National Bank for Agriculture and Rural Development (Nabard) would promote the System of Rice Intensification (Sri) in the state. It would appoint non-governmental agencies to aggregate about 1,00,000 farmers by rabi season in the rain-fed areas for taking up Sri cultivation to increase the productivity, its AP region chief general manager P Mohanaiah said. Speaking to the media on Monday as part of the Foundation Day celebrations, he said Nabard was working for enhancing the productivity of lead crops for sustainable development. It has signed an MoU with AP Gramin Vikas Bank and Saptagiri Gramin Bank to co-finance innovative and sunrise projects in agriculture, he said, adding it would sign similar deals with other banks. The bank has earmarked Rs 20 crore this year for this. It would promote 1,200 farmer clubs this year apart from implementing its village development programme in 45 new villages. Nabard would also facilitate setting up of 7,500 joint liability groups to lend financial support to tenant farmers apart from taking up the Umbrella Programme for Natural Resources Management to support rational use, conservation and improvement of natural resources for sustaining livelihood opportunities.
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