NABARD celebrates 30th Foundation Day

BANGALORE: “NABARD and RBI need to work together to address the issues of national importance,” said Uma Shankar, regional director, Reserve Bank of India, Bangalore, addressing a gathering of staff members of NABARD marking the 30th Foundation Day of NABARD at its Regional Office on July 12.  Speaking on the occasion, Padmashree Aloysius Fernandez, chairman, NABARD Financial Services Ltd, recalled his long association with NABARD since 1986. “NABARD’s connect with the grassroot level is its strength and it should build on this to address the critical issues relating to the unorganised rural India.  Promoting peoples’ institutions and connecting them to the developmental process should be the focus of NABARDs initiatives in the years to come,” he said.Recalling its long journey of NABARD through the three decades of yeomen services for the development of rural area, S N A Jinnah, chief general manager, NABARD, Karnataka Regional Office, said, “NABARD’s efforts have been to ensure perpetual flow of peace in the country by balancing equity and growth. NABARD, while focusing on People and Profits (development), also takes care of the Planet (environment).” Responding to the changes sweeping across the economy, NABARD is repositioning itself by identifying new developmental business models such as supporting Producers Companies.Senior Officers of NABARD shared their experiences during the occasion. Several competitions were held among the staff to mark the Foundation Day celebrations.