Highlights-
- Arunachal Pradesh’s DCM launched ‘integrated tribal development project’.
- NABARD-sponsored project was launched under the Tribal Development Fund.
- The initiative will directly help 200 tribal families by improving their livelihoods.
Deputy Chief Minister of Arunachal Pradesh, Chowna Mein launched a NABARD-sponsored ‘integrated tribal development project’ under the Tribal Development Fund. The initiative will directly help 200 tribal families by improving their livelihoods through the Namsai Organic Spice and Agricultural Products (NOSAAP) Producer Co Ltd’s sustainable and participative livelihood programmes.
In the presence of NABARD Chairman GR Chintala, MLAs Chau Zingnu Namchoom and Jummum Ete Deori, Namsai DC RK Sharma, and others, the project was launched.
“In order to make credit-linked schemes and cultivation of plantation crops viable, more awareness needs to be generated among the farmers regarding cultivation and production, and market connections for their produces,” Mein stated while praising the NABARD for being a vital partner in the state’s development.
Union Budget 2022-23
Mein stated that this year’s union budget was particularly encouraging for farmers, women, and youths as it included provisions to increase investment, growth, and job creation. It also aspires to modernise the farm industry by ensuring credit, setting new MSP records, expanding food processing, and stimulating new business ventures.
He also stated that Arunachal Pradesh is expected to benefit from Prime Minister Narendra Modi’s Development North East initiatives, which will see an initial allocation of Rs 1500 crore implemented through the National Economic Council and the new Vibrant Village Programme, which will aid in the development of border villages.
NABARD
The National Bank for Agriculture and Rural Development, or NABARD, is the country’s principal regulatory body for rural banking. It is regarded as the country’s top development finance institution. It was founded and is controlled by the Indian government.
NABARD’s primary focus is to secure prosperity through participatory financial and non-financial interventions, institutional development, and technology to promote sustainable and equitable agriculture and rural development.
Vital partner in the state’s development
Mein stated in his address that NABARD is a vital partner in the state’s development. He also commended NABARD for its assistance to the state in different infrastructure development programmes under the RIDF. Some such programmes are- the Border Light Illumination Program, District Hospital Upgradation Program, and so on.
He went on to say that the State Government expects further help and collaboration from NABARD in the coming days through the NABARD Infrastructure Development Assistance programme (NIDA).
