NABARD approves ₹1,685.27 crore loan—the first-ever to an Odisha PSU—to strengthen transmission projects and support the state’s growing energy needs. Bhubaneswar: Odisha has taken a major step toward improving its power infrastructure with a new partnership between the Odisha Power Transmission Corporation Limited (OPTCL) and the National Bank for Agriculture and Rural Development (NABARD). Officials…
SLBC reviews ACP progress, urges stronger MSME lending and financial inclusion Bhubaneswar: Banks operating in Odisha have disbursed ₹1.20 lakh crore—47.65% of the targeted ₹2.52 lakh crore—under the Annual Credit Plan (ACP) for the financial year 2025–26. The progress was reviewed during the 181st State Level Bankers’ Committee (SLBC) meeting held at Hotel Mayfair in…
State receives ₹3,836 crore NABARD loan in FY 2024–25; High Power Committee calls for accelerated infrastructure delivery In a testament to Odisha’s strong performance in rural development, the state has emerged as the top performer in implementing Rural Infrastructure Development Fund (RIDF) projects in the country for the fiscal year 2024–25. The development was highlighted…
In a significant move to bolster the agricultural sector, the Government of India is set to launch the ‘Agri Fund for Start-Ups & Rural Enterprises’ (AgriSURE). This initiative, aimed at supporting start-ups and agripreneurs, was announced during the pre-launch stakeholder meeting at NABARD Headquarters in Mumbai. The AgriSURE fund, valued at Rs 750 crore, will…
