NABARD issues Statement to dispel misinformation regarding ‘Dairy Loan Yojana’
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Mumbai/Kolkata: The National Bank for Agriculture and Rural Development (NABARD) has issued a statement to address the recent misinformation circulating about the NABARD Dairy Loan Yojana, according to a press release.
A series of false claims suggesting that NABARD is directly providing loans to farmers for dairy farming ventures under their Dairy Entrepreneurship Development Scheme. NABARD, categorically and unequivocally states that these assertions are fake.
NABARD, as an apex development finance institution, functions by extending financial assistance and support to various financial institutions and cooperatives involved in rural development.
News| #NABARD addressed rumours about providing direct loans to farmers in a recent statement. As a premier Development Financial Institution in the country, our role is to support financial institutions & cooperatives involved in rural development. (1/2) pic.twitter.com/fj8mDcB0DD
— NABARD Online (@NABARDOnline) April 25, 2024
It does not extend loans directly to individual farmers. All stakeholders are strongly urged, particularly farmers and rural entrepreneurs, to exercise utmost caution and refrain from believing or propagating such misinformation.
Unverified information can lead to financial risks and misunderstandings. Accurate information can be obtained from NABARD’s official website, www.nabard.org.
NABARD remains steadfast in its commitment to promoting rural development and agriculture through various initiatives and schemes aimed at fostering sustainable livelihoods.
Hence, cooperation of all stakeholders is solicited in ensuring the dissemination of accurate information and discouraging the spread of misinformation. For further clarification or inquiries, contact NABARD directly or visit our nearest office.
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