Home / Knowledge / News / Textiles / NABARD extends helping hand to rural handicraft industry

NABARD extends helping hand to rural handicraft industry

06
Dec '08
National Bank for Agriculture & Rural Development (NABARD) was specifically set up to boost the growth and aid in the development of the rural regions in India. Among its activities, NABARD has taken the onus for helping and supporting artisans working in the handicraft sector in these rural areas.

The Bank also has a Rural Innovation Fund (RIF), under which it allocates funds to sponsor artisans at various seminars and fairs meant to showcase the products of these people. The corpus of this fund is spent on providing credit to these artisans who cannot avail credit from conventional sources, since they come under the high risk category.

Under the RIF, NABARD directly deals with the organizers of the fairs by booking adequate number of stalls and letting them out to needy and skilled artisans to display their wares and also provides them with basic facilities. Among its other activities are providing help to members of Self Help Groups (SHG).

These SHGs have been instrumental in the growth of these artisans by helping them source for raw materials and provide training to upgrade their skills.

Fibre2fashion News Desk - India


Interviews View All

Victor Chao, Esmetex

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Jurgen Gauger, Spreadshirt

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Smarth Bansal, Colorjet India Limited

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Teresa Neal,

Teresa Neal

Teresa Neal, an art professional with 25 years of experience, in...

Yogesh Kanani,

Yogesh Kanani

Incorporated in 1999, Purani Textiless Private Limited is a leading...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search