In the sideline of the ideological training of the BJP Legislators at Mumbai, Deputy Chief Minister of Arunachal Pradesh, Shri Chowna Mein accompanied by MLA Namsai, Chau Zingnu Namchoom visited and had a discussion with Heads of various policy & business departments of National Bank for Agriculture & Rural Development (NABARD) in its Head Office at Mumbai today.
In the meeting, Mein while citing that large sections of rural population of Arunachal Pradesh depend on agriculture & allied sector for their livelihood, he said that this sector needs rejuvenation where NABARD can play a vital role. He stated that banking infrastructure need to be strengthened especially in rural areas for larger credit absorption and efficient delivery to improve the financial health of the rural people.
While taking note of the RIDF issues in the State,  he advocated for developing a hybrid fund by combining RIDF and NIDA as also suggested by NABARD officials as it will provide for lower cost and longer gestation period without effecting the borrowing power of the state.
He further stressed on Farmer’s Producer Organization’s (FPO) formation and its handholding which would help the farmers in the state to a great extent as they will be able to produce scientifically as well as market their produce at remunerative prices. He said that FPOs especially for chitronella is highly essential in the State.