The Union Finance Minister also appreciated NABARD’s idea of district centric approach for development of backward districts in a project mode and its plan to pilot it in 10 backward districts to double the per capita rural credit in the next three years.
On this occasion, the Finance Minister Shri Jaitley launched two NABARD supported e-commerce portals – ekraftindia and shilpicraft, for marketing of handicrafts and artisan products of Self Help Groups (SHGs).
He also unveiled the roadmap for digitisation of Small Help Groups (SHGs) across the country. There are 73 lakh SHGs in the country today and digitisation is expected to lead to better participation of the members of the SHGs in the PMJDY. Digitisation will also enable better interface of SHGs with the banking system.
Shri Jayant Sinha, Minister of State for Finance, Shri R.K. Goyal, Secretary, Rural Development, Shri Ashish Bahuguna, Secretary, Agriculture, Deputy Governor of RBI and Ms Snehlata Shrivastav, Additional Secretary, Department of Financial Services (DFS) were also present in the meeting among others.
Earlier speaking on the occasion, Shri Jayant Sinha Minister of State for Finance appreciated NABARD for its initiatives in the areas of watershed development, tribal development, rural infrastructure development and financial inclusion.
NABARD Board comprises of Secretaries of Government of India, Deputy Governor of RBI, Additional Chief Secretaries of select States and is headed by Chairman, NABARD, Shri H K Bhanwala.