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Our Bureau

Hyderabad, July 13

The Andhra Pradesh Government has asked the National Bank for Agriculture and Rural Development (Nabard) to take major initiatives to support farmers by way of financing agriculture processing infrastructure.

Addressing the silver jubilee fete of Nabard at the Andhra Pradesh regional office here on Thursday, the State Agriculture Minister, Mr N. Raghuveera Reddy, said the State had targeted to double the horticulture production by 2011-12. “This calls for financial assistance from the bank,” he said.

Stating that contract farming helped farmers by providing more reliable income and reduced price uncertainty, he said Nabard could help in pushing contract farming with necessary safeguards to make the farming viable to the poor.

Mr M. Ramakrishnayya, founder-chairman of Nabard, said the States needed to evolve mechanisms to offer credit to the tenant farmers by relying on oral evidence. “Trust their words as they make them before the villagers,” he said.

Mr P. Kotaiah, former chairman, felt that declining productivity, profitability and capital formation were major challenges that called for immediate attention.

More Stories on : Infrastructure | Agricultural Institutions | Andhra Pradesh

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