NAFCARDB 01 NAFCARDB 02 NAFCARDB 20
NAFCARDB 03 NAFCARDB 04 NAFCARDB 04 NAFCARDB 05 NAFCARDB 06 NAFCARDB 07 NAFCARDB 08 NAFCARDB 09 NAFCARDB 10 NAFCARDB 11 NAFCARDB 12 NAFCARDB 19
NAFCARDB 13 NAFCARDB 18
NAFCARDB 14 NAFCARDB 17
  Genesis | Objective | Functions | Identity | Mission & Vision  
NAFCARDB 16
 

About Us - Identity

Background

Co-operative movement had its formal beginning in India with enactment of Cooperative Credit Societies Act in 1904. Subsequently, the Primary Cooperative Societies were set up, which were giving Short term loans to farmers. Need for an institutional agency to address indebtness of farmers led to the establishment of Land Mortgage Banks (LMBs) in the 1920's. First Land Mortgage Bank at Jhang in Punjab was established in 1920. The real beginning of the Land Mortgage Banking was made with the organization of the CLDB in Madras in 1929 (now Tamil Nadu) and in Mysore 1929 (Karnataka). Similar organizations were set up in Bombay (Mumbai) in 1925 and Orissa in 1938, Cochin 1935 to cater to the requirements of long-term loans to the farmers for redemption of their old debts and free themselves from the clutches of money lenders and securing ownership right to land they cultivated.

The "All India Rural Credit Survey Committee" appointed by RBI in 1954 appreciated the working of the Land Mortgage Banks in developing agriculture but was critical about its performance in raising resources, delay in sanction of loans that too for limited purposes and strongly recommended to simplify the policy and procedure of the LMBs and broad-base their operations to investment loans for agriculture development. Earlier these banks were assigned wider role of providing investment credit in agriculture but later with their shift in thrust to development of farm land these Banks came to be known as Land Development Banks (LDBs).

The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD) recommended a bigger role for the LDBs and recommended to incorporate development of agriculture and its allied activities including wastelands and non-farm sector development. The banks in due course diversified their activities with refinance support of NABARD which was established in the year 1982. However, late eighties and the beginning of nineties were the crucial period in which LDBs adopted financing long term loans for more significant rural development activities like, village and cottage industries, rural artisans and rural housing etc. In view of broader role of LDBs they are now known as State Co-operative Agriculture and Rural Development Banks (SCARDBs). Over a period of time the SCARDBs have made commendable progress in advancing LT loans for capital formation in agriculture. .

Logo

Nafcard_Logo

ColorThe symbol is like a 'Kumbh' (An auspicious water vessel as deprived in Indian mythology) that represents financial wellbeing. The bottom portion is having two hands, standing for care, security and protection. They are lifting a coin, as finance can be utilized for the development in agriculture. The circle in the centre also represents a human figure as the organization is working for farmer's development.

Color

There are two major rural colors viz. green and brown, while Green is as agriculture and brown as village land which in whole add value to its identity.

 

 

Home | About Us | Organisation Structure | Acts, Rules & Byelaws | Affiliation | Member Information | News | Publications | Contact Us

Site Hosted and Maintained by Aditya Infosystemsbottom 2