TAMIL NADU

NABARD plans to set up three farmers clubs soon

R. Vimal Kumar

Tirupur: To promote investment in niche agriculture sectors and improve credit flow in the rural areas falling under the jurisdiction of recently notified Tirupur district, the National Bank for Agriculture and Rural Development has set plans to open three farmers clubs soon.

The proposed farmers clubs will be constituted in hamlets coming under Dharapuram revenue division.

Seshan Srinivasan, Assistant General Manager, NABARD, told The Hindu that each of the club would have 14 to 20 farmers involved in rainfed agriculture, in its fold.

Once the clubs are formed, the members will be enthused to take up a plethora of diversified agriculture activities like sericulture, which is yet to take its root in the region, he said.

To obtain funds for their ventures, the clubs will be credit-linked with either a nationalized or regional rural bank functioning at the respective village.

For financial institutions, the clubs will in turn act as tools in facilitating micro credit, convergence of services and promotion of self help groups, Mr Srinivasan said.

Financial support

NABARD will extend a maintenance grant to each of the clubs planned at the rate of Rs 2,000 per annum, for the first three financial years.

Likewise, every club will get financial assistance to conduct a total of six meet the experts programme over three years, at a rate of Rs 1,500 a meeting.

Sessions

These interactive sessions will help the club members to imbibe latest agricultural practices prevailing in the crop sector, Mr. Srinivasan said.

Besides, a sum of Rs. 5,000 will be disbursed to each of the clubs to help the members adopt modern post-harvest handling technology and value-addition.

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