National Bank for Agriculture and Rural Development Pl0t No. C-24, G Block, Bandra Kurla Complex, Bandra (E), Mumbai

Transcription

1 National Bank for Agriculture and Rural Development Pl0t No. C-24, G Block, Bandra Kurla Complex, Bandra (E), Mumbai /nabardonline

2 Foreword Our Vision Development Bank of the Nation for Fostering Rural Prosperity. Our Mission Promote sustainable and equitable agriculture and rural development through participative financial and non-financial interventions, innovations, technology and institutional development for securing prosperity. It gives me immense pleasure to present a brief outline of NABARD. We have completed 36 years of glorious service to the nation on 12 July The objective of this publication is to share how we are making a difference in the vast stretches of rural India in our own modest way; a difference whose impact cannot be always understood through the prism of numbers alone and hence the title 'Beyond Numbers'. Come, be a part of our journey. Dr. Harsh Kumar Bhanwala Chairman, NABARD July 12, 2018

3 Who We Are We are India's apex development bank, formed by an Act of Parliament in 1982 and wholly owned by the Government of India (GoI). Our mandate is promoting sustainable and equitable agriculture and rural development through participative financial and non-financial interventions, innovations, technology and institutional development for securing prosperity. From being a pure refinance provider in 1982 to India's apex development bank in 2018, we, today, directly and indirectly, touch lives of millions in rural India. This journey of last nearly four decades has seen us defining a clear and purposeful role for ourselves in rural India and seen us playing a larger role in nation building. Our Structure Our Head Office is located in Mumbai and we have a pan-india presence with 31 Regional Offices. We have a phenomenal district level outreach with over 400 District Development Managers engaged in rural development. We have our own training establishments situated in Bolpur, Lucknow and Mangalore, which serve the capacity building requirements of rural financial institutions across the country and Asia Pacific countries, besides our own staff.

4 Our Financial Functions Refinance Short-Term Loans (Production Credit) Crop loans are extended to farmers for crop production by financial institutions, which support in ensuring food security in the country. NABARD supplements the resources of these institutions and channelizes credit in line with the policy initiatives of GoI. In addition to crop loans, NABARD's shortterm refinance is available to financial institutions for various activities of production and marketing related to farm and non-farm sectors. During the year , NABARD has sanctioned short-term credit limits of ` 55,000 crore for Seasonal Agricultural Operations to financial institutions. Short-Term Refinance purveyed by NABARD since inception (` in Crore) Our Functions Our functions are aimed at building an empowered and financially inclusive rural India through specific goal-oriented departments, which can be categorized broadly into three heads of activities: Financial, Developmental and Supervision. These three broad heads enable us to touch almost every aspect of rural economy: providing refinance support, building rural infrastructure, preparing district level credit plans, guiding and motivating the banking industry in achieving credit targets, supervising Cooperative Banks and Regional Rural Banks (RRBs), helping them develop sound banking practices, enabling them to on-board to the CBS platform, designing new projects for rural development, implementing GoI's development schemes, training handicraft artisans and providing them a marketing platform for selling their articles among others CAGR: 11.99%

5 Long-Term Loans (Investment Credit) Capital formation assumes overriding priority in the context of policy as it acts as an indicator of economic growth. NABARD, since its inception, has laid special emphasis on investment credit as it leads to capital formation through asset creation and thereby development of rural areas. NABARD's long-term refinance provides credit to financial institutions for a wide gamut of activities encompassing farm and nonfarm activities with tenors of 18 months to more than 5 years. Under this facility, during the year , refinance of ` 65,240 crore has been extended to financial institutions, which included concessional finance of ` 15,000 crore to Cooperative Banks and RRBs from the allocation made out of Priority Sector Shortfall of Scheduled Commercial Banks under Long-Term Rural Credit Fund. Financing Long-Term Infrastructure Rural Infrastructure Development Fund The ` 2,000-crore Rural Infrastructure Development Fund (RIDF), set up with NABARD in by the Reserve Bank of India out of the shortfall in lending to priority sector by scheduled commercial banks, was a vindication of GoI's trust in our professional expertise and capacity to oversee muchneeded rural infrastructure projects. We disbursed ` 24,993 crore here during Of the total RIDF loans sanctioned to various State Governments amounting to ` 3,13,876 crore under various tranches since , 33% accounted for rural roads, 29% for irrigation, 15% for social sector, 12% for agriculture and related sectors and 11% for rural bridges. RIDF contributes substantially to the rural infrastructure funding in the country today and we are proud of the nation-building role played by this Fund in real terms. Long-Term Refinance purveyed by NABARD since inception CAGR: 13.82% (` in Crore) RIDF's contribution to India's Rural Infrastructure Impact of NABARD's efforts through RIDF can be best summarized by pointing out the phenomenal achievements as on 31 March 2018: l l l l l Creation of additional irrigation potential of 316 lakh ha. Creation of rural road network of 4.50 lakh kms Building rural bridges of lakh meters Creation of non-recurring employment of billion man-days A clear and verified positive impact on the income levels, agriculture production and quality of living

6 Long-Term Irrigation Fund The Long-Term Irrigation Fund (LTIF) in NABARD with an initial corpus of ` 20,000 crore for funding 99 irrigation projects during following announcement in the Union Budget, was further supplemented with additional allocation of ` 20,000 crore in the Union Budget during Out of the total estimated and approved financial requirement of ` 77,595 crore for these projects under LTIF, an amount of ` 49, crore was sanctioned during In addition to the 99 projects, two more projects namely Polavaram National Project from Andhra Pradesh and North Koel Reservoir Project from Bihar and Jharkhand with total sanction of ` 6, crore were included for funding under LTIF taking the total amount sanctioned to ` 56, crore. NABARD, displaying complete professionalism and speed, till 31 March 2018, disbursed ` 20, crore. Pradhan Mantri Awaas Yojana - Grameen (PMAY-G) All spheres aimed at enhancing the lives of rural masses are attended to by NABARD, directly or indirectly. Making its foray into rural housing, NABARD sanctioned an amount of ` 9,000 crore and released ` crore during to the National Rural Infrastructure Development Agency (NRIDA). The financial assistance was channelized towards PMAY-G, which plans to provide a pucca house, with basic amenities, to all houseless households including those living in kutcha and dilapidated houses, by In the first phase, one crore houses are to be constructed with a financial requirement towards Central Share amounting to ` 81,975 crore. While an amount of ` 60,000 crore would be met from GoI's budgetary sources, the remaining ` 21,975 crore shall be met through borrowing from NABARD. LTIF - Performance Highlights of (` in Crore) 35,000 Sanction (Cumulative) ` 56, crore Disbursement ` 20, crore 30,000 25,000 20,000 15,000 10,000 5,000 30, , , , , , Central share to NWDA for LTIF Projects Central share to NWDA for Polavaram Project Central share to NWDA for North Koel Reservoir Project State Share to State Governments for LTIF Projects The states to which state share loans have been sanctioned are Gujarat, Maharashtra, Jharkhand, Madhya Pradesh, Andhra Pradesh, Odisha, Rajasthan and Manipur.

7 NABARD Infrastructure Development Assistance Money has competing needs and State Governments cannot borrow beyond their b o r r o w i n g l i m i t s. S o m e o f t h e i r corporations cannot access funds, thus d e p r i v i n g r u r a l I n d i a o f c r i t i c a l infrastructure. Keeping this in view, our p r o d u c t, N A B A R D I n f r a s t r u c t u r e Development Assistance (NIDA), has been designed to complement RIDF. This line of credit has been opened to financially sound State-owned institutions and corporations with sustained income streams. During , we sanctioned 15 projects involving ` 7,465 crore under NIDA and disbursed ` 2,921 crore. The cumulative sanction and disbursement under NIDA since inception stood at ` 23,212 crore and ` 9,067 crore respectively as on 31 March 2018 with a footprint in 20 States/UTs. Warehouse Infrastructure Fund GoI created Warehouse Infrastructure Fund (WIF) in the year with NABARD with a corpus of ` 5,000 crore for providing loans to meet the requirements for scientific warehousing infrastructure for agricultural commodities in the country. It continued the following year with an equal amount. Under this Fund, we provide financial assistance for construction of warehouses, godowns, silos, cold storage and cold chain infrastructure activities designed to store agricultural produce, both in the public and the private sectors. Support is also extended to develop marketing infrastructure in Agricultural Produce Market Committees (APMCs). Sr. Fund Sanction Disbursement Cumulative No Disbursement 1 WIF WIF Total (` in Crore)

8 Food Processing Fund With a view to promoting food processing industry in the organised sector on a cluster basis, GoI instituted a Special Fund in NABARD in with a corpus of ` 2,000 crore. The Fund is being utilised to provide affordable credit for setting up of designated food parks notified by the Ministry of Food Processing Industries (MOFPI) and establishing food processing units in it. As on 31 March 2018, 11 Mega Food Park projects, one Integrated Food Park project and three Food Processing Units have been sanctioned with a loan commitment of ` 541 crore. Against it, ` 256 crore has been disbursed. Year No. of Total Financial Term loan Term loan Projects Outlay sanctioned disbursed Total Direct Lending to Cooperative Banks (` in Crore) In continuation of our efforts to invigorate the co-operative sector, we designed a Short-Term Multipurpose Credit Product for financing Central Cooperative Banks (CCBs) directly. In sync with the overarching aspirations of the Vaidyanathan Committee for revival of cooperative credit structure, this product has enabled CCBs to raise financial resources from sources other than the State Cooperative Banks (StCBs). During , we assisted 58 CCBs and four StCBs spread across 14 states to the tune of ` 4,849 crore, boosting their efforts to have a larger footprint in the rural credit space. Credit Facility to Marketing Federations In order to strengthen the arms of Marketing Federations/Cooperatives, we established a separate line of credit, viz. Credit Facility to Federations, which promotes marketing of agricultural produce and other farm activities. The eligible institutions are Marketing Federations and Corporations, registered Companies and other Cooperatives. During , we disbursed an amount of ` 25,436 crore. The cumulative disbursement under CFF since inception stood at ` 58,610 crore as on 31 March Credit to Producer Organizations & PACS NABARD set up Producer Organizations Development Fund (PODF) with an initial corpus of ` 50 crore to support and finance Producer Organizations (POs) and Primary Agriculture Credit Societies (PACS) to operate as Multi Service Centres. The broad objective of the Fund is to support POs to meet their 'end to end' requirements and thereby ensuring sustainability and economic viability. Subsequently, NABARD has entrusted the role of financing of POs/PACS to its subsidiary NABKISAN Finance Ltd., while it continues to assist these institutions for capacity building, market linkages, etc. through grant support from PODF. As on 31 March 2018, cumulative grant of ` crore was disbursed to 224 POs and 2592 PACS.

9 Our Supervisory Functions We undertake statutory inspections of 34 State Cooperative Banks, 363 District Central Cooperative Banks and 56 Regional Rural Banks. Besides, there are 10 functional State Cooperative Agriculture and Rural Development Banks and a few Apex Weavers' Societies/Marketing Federations, which are inspected by us on a voluntary basis. During , we conducted 346 inspections. Our Webbased Portal ENSURE (ElectroNic SUbmission of REturns) is a step towards convergence of offsite surveillance system with onsite inspection. Our Developmental Functions Institutional Development We have been associated with the improvement of the health of rural financial institutions for the last 36 years. Over the past nearly four decades, we have undertaken a host of bank specific initiatives like Development Action Plans, conducting Organization Development Initiatives and other areas of capacity building. We also played a key role in implementing and monitoring GoI's Package for revival of the Short-Term Rural Co-operative Credit Structure. Our experience and dedication led to our being entrusted with the responsibility of implementing the scheme for revival of the 23 unlicensed District Central Cooperative Banks (DCCBs) functioning in four states announced in of these banks have been since issued license by the Reserve Bank of India. We are equally engaged with the institutional aspects of Regional Rural Banks in their governance and development.

10 Farm Sector Development Initiatives Promotion of best practices in farm sector is embedded in our mandate and we strive to support all up-scalable ideas in the rural development domain. These interventions encompass accelerating flow of ground-level credit, increasing agricultural production and productivity, capacity building, rural livelihoods, etc. We have devised various programmes to address farm sector issues such as development of Kisan Credit Card Scheme, participatory watershed development, technology transfer, capacity building for adoption of technology, farmers' club programme etc. We are perhaps the only institution in the country to have established and continued the tradition of building specific Funds to address various area/subject specific developmental aspirations. The Farm Sector Promotion Fund (FSPF) facilitates transfer of technologies to boost agri production, while the Watershed Development Fund (WDF) and Tribal Development Fund (TDF) support flagship activities under Natural Resource Management (NRM) with an emphasis on sustainable livelihoods. Kisan Credit Card Scheme for Farmers The Kisan Credit Card (KCC) scheme was designed by NABARD in association with the Reserve Bank of India (RBI) in August 1998 for providing crop loans. It has today emerged as the very backbone of India's rural credit delivery system. The scheme is under implementation in the entire country involving Commercial Banks, RRBs and Cooperatives and has received wide acceptability amongst bankers and farmers. Further, NABARD has been at the forefront of technology revolution by helping rural financial institutions in providing RuPayKisan Cards (RKCs) to all their farmer clients. Due to NABARD's involvement in mission mode for issuance of RKCs, the number of Cooperative Banks onboarded for issuing RKCs increased from 47 as on 01 January 2017 to 350 as on 31 March RRBs and Cooperative Banks issued 1.14 crore and 1.76 crore RKCs respectively as on 31 March Watershed Development We entered into watershed activities in the year 1992 in Maharashtra, wherein participatory approach of watershed development was launched in India for the first time. Subsequently, Watershed Development Fund (WDF) was set up in NABARD in with an initial corpus of ` 200 crore by GoI and NABARD in equal proportions. As on 31 March 2018, we have sanctioned 442 watershed projects, 123 KfW-Climate Proofing projects, 98 WDF-Climate Proofing projects, 452 Sustainable Development Plan programme and 24 springshed based watershed development programme in 27 states covering an area of lakh ha. So far, ` 1611 crore has been disbursed under Watershed programmes. Tribal Development The Tribal Development Programme of NABARD is being implemented from the year with a corpus of ` 50 crore. This initiative of NABARD has transformed thousands of lives of tribal families in the remotest corner of the country and enhanced their status in the society. As on 31 March 2018, the tribal development programme has covered 28 states/ union territories and all the districts of the states of Andhra Pradesh, Telangana, Jharkhand and Sikkim. Presently, the Tribal Development Programme is being implemented by 312 Project Implementing Agencies. Since inception, 712 projects have been sanctioned covering 5.21 lakh tribal families with a financial commitment of ` 2121 crore, of which an amount of ` 1462 crore has been disbursed as on 31 March 2018.

11 Climate Resilient Agriculture Green Initiatives NABARD has been championing the cause of building development models, which are in complete sync with ecology since its early years of formation. Our dedication and field level experience of implementing NRM and climate related development programmes has earned us accreditation of being a National Implementing entity (NIE) under international and national climate finance funding mechanisms namely GCF (Green Climate Fund), AFB (Adaptation Fund Board) and NAFCC (National Adaptation Fund for Climate Change). Today, we are playing a pivotal role in facilitating access to climate finance for adaptation and mitigation activities aligned with National Climate Policies. Under Adaptation Fund, the cumulative sanction for six such ongoing projects stood at USD 9.85 million (` 5,911 crore). We have also cumulatively sanctioned 27 projects under NAFCC amounting to ` crore at the end of FY The cumulative disbursement stood at ` crore in respect of projects under both these Funds. Moreover, two projects were sanctioned under GCF during A project with an outlay of USD million was sanctioned on ground water recharge and solar pumping system in Odisha with an objective to ensure food security and enhance resilience in vulnerable tribal areas. The project is expected to benefit 5.2 million people of the State. The other project is India's first private sector facility, which is a Line of Credit for rooftop solar power in commercial, industrial and residential housing sectors. It was sanctioned with an outlay of USD 250 million and GCF loan of USD 100 million. Umbrella Programme on Natural Resource Management NABARD in collaboration with KfW and GIZ, two Germany based funding partners, is implementing the Umbrella Programme on Natural Resource Management (UPNRM) since The programme aims to improve livelihoods in rural areas by conservation of natural resources. This programme supports unique natural resource management projects. Cumulatively 334 UPNRM projects have been sanctioned across the country covering 10 major natural resource management sectors with a financial assistance of ` 780 crore including grant assistance of ` 42 crore. Convergence of developmental interventions of NABARD with CSR funds of select corporate houses Keeping in view the objectives of NABARD's Natural Resource Management projects and their phenomenal impact on the community development, many corporate houses have partnered with NABARD through co-funding route. As on 31 March 2018, 238 projects are under implementation with total financial outlay of ` crore under such arrangements with 33 foundations of corporates including TATA Trusts, Godrej, Lupin Foundation, Bajaj, Jindal BALCO, Ambuja Cements, ITC, Hindustan Unilever, JSW steel, Dalmia Bharat Foundation, etc. NABARD welcomes such synergetic engagements.

12 Produce Fund Producer Organization Development and Upliftment Corpus (PRODUCE) Fund was created in NABARD by GOI during and initial contribution of Rs 200 crore was made for the promotion of 2000 Farmer Producer Organizations (FPOs). Under this Fund, NABARD has promoted over 2154 FPOs of which, around 70% are registered as Producer Companies and the remaining as Cooperatives/Societies. ` crore has been disbursed as on 31 March 2018 for capacity building and nurturing of these institutions, which are involved in input distribution to members, produce aggregation and direct marketing to retail units, local mandis or institutional buyers. Financial Inclusion Financial inclusion has been one of our primary organizational goals since inception and we have pursued that goal through many channels and projects. Our substantial role in this area led to the Government of India setting up Financial Inclusion Fund (FIF) in NABARD to take up developmental and promotional interventions to secure greater financial inclusion and support suitable technology and innovations. As on 31 March 2018, the cumulative sanction under FIF was to the tune of ` crore. We provided extensive grant support for holding over 1.60 lakh camps on Going Digital to promote digital banking and financial awareness. NABARD also sponsored 163 mobile vans with the same objective. Microfinance Sector NABARD had launched the Self Help Group-Bank Linkage Programme (SHG-BLP) in 1992 with a target of linking 500 SHGs in a year's time. That pilot eventually transformed into the world's largest microfinance programme with an outreach of over 100 million poor rural households now. Over 23 lakh SHGs were credit-linked during financial year. Joint Liability Group, another innovative microfinance product developed by NABARD, has emerged as one of the easiest and collateral-free mode of purveying institutional credit to the landless and tenant farmers/artisans of the country by public as well as private sectors banks. Some lakh JLGs having around 50 lakh members belonging to small, marginal, landless and tenant farmers and artisans were financed during EShakti In a bid to digitise SHGs, project EShakti was launched on 15 March 2015 in two districts viz. Ramgarh (Jharkhand) and Dhule (Maharashtra) and later extended to 23 districts. The two phases showed encouraging results by way of timely updation of books, providing reliable data inputs for bank branches to take credit decisions, which resulted in improved credit linkage and higher credit flows. The project is now operational in 100 districts across the country. As on 31 March 2018, more than 3.75 lakh SHGs have been brought onto the EShakti platform. Over 3.8 million rural households across 54,600 villages are now set to avail the advantages of this digital transformation.

13 Off Farm Development Initiatives We have evolved several refinance and promotional schemes for the development of non-farm/off-farm sector in response to field level needs over the last three decades. Skill Development Promoting an entrepreneurial culture among the rural youth and encouraging them to start enterprises in the rural off-farm sector has been our strategy for over three decades. The capacity development measures initiated by NABARD have covered skill and entrepreneurship development programmes in association with our partner agencies with grant assistance of ` crore. These measures have cumulatively covered over 8.37 lakh unemployed rural youth in the country as on 31 March Digital Interface with Trainers A skill portal viz., NABSKILL ( was launched during the year. It facilitates online submission of application for eligible training providers to seek financial support from NABARD towards conducting various skill training programmes. Setting up of Incubation Centres NABARD believes start-ups and enterprises endeavoring to commercialise innovations should be encouraged in order to shape agri entrepreneurship in the country. As an attempt in the right direction, we extended support to Chaudhary Charan Singh Haryana Agricultural University, Hisar and Tamil Nadu Agricultural University, Madurai for establishing Agri Incubation Centres with a total financial commitment of ` crore. Marketing Initiatives We recognize the need for providing marketing opportunities to rural artisans and producers and have traditionally facilitated their participation in exhibitions across the country. In , we enabled artisans to participate in 242 melas and exhibitions with financial assistance of ` 4.04 crore.

14 Our Subsidiaries We have floated four Subsidiaries i.e. NABARD Consultancy Services (NABCONS), New Delhi, NABARD Financial Services (NABFINS), Bengaluru, Nabsamruddhi Finance Ltd and NABKISAN Financial Ltd in Mumbai. NABARD Consultancy Services (NABCONS) This is our wholly-owned subsidiary, set up in 2003 to address the required consultancy needs of rural sector. The subsidiary has emerged as an established professional consultancy service provider in the fields of agriculture and rural development. The agency leverages NABARD's expertise and has its own specialists. The services of NABCONS are contracted by GoI and State Governments apart from banks, international agencies, corporate entities and individuals. The gross revenue earned by NABCONS during financial year was ` crore. NABKISAN Finance Ltd (NABKISAN) Agri Development Finance, Tamil Nadu (ADFT) Limited was incorporated in 1997 and rechristened as NABKISAN Finance Ltd in The company has recently set up its corporate office in Mumbai to expand pan-india with special focus on financing Producers Organizations. NABARD holds 80.86% stake in the company. The total outstanding of loans and advances at the end of FY'18 was to the tune of ` crore. NABARD Financial Services (NABFINS) NABARD Financial Services (NABFINS), a public limited company providing microfinance to SHGs through Business and Development Correspondents was incorporated on February 25, 1997 as a Non- Banking Finance Company. The main objective of the company is to provide financial services to broad areas of agriculture and microfinance. NABARD holds 63.10% equity in the company. The other shareholders are Govt. of Karnataka, Canara Bank, Union Bank of India, Bank of Baroda, Federal Bank and Dhanalakshmi Bank Ltd. The loans and advances outstanding at the end of financial year stood at ` crore and the revenue generated during the year was ` crore. Nabsamruddhi Finance Ltd (NABSAMRUDDHI) Nabsamruddhi Finance Ltd is a Non-Banking Finance Company, incorporated on 17 February 1997, with a focus on supporting commercial agriculture with long-term credit. NABARD holds 78.83% stake in the company and the remaining is held by Andhra Bank, APStCB and GoAP. Nabsamruddhi lends to individuals, producer organizations, Corporates, SHG federations etc. The total outstanding of loans and advances as on 31 March 2018 was to the tune of ` crore.

15 Alternative Investment Funds NABARD invests in Alternative Investment Funds with a stipulation that the Funds will invest twice the commitment of NABARD in enterprises catering to agriculture and rural sector. As on 31 March 2018, NABARD has committed ` 253 crore to 14 such Funds against which ` crore has been disbursed. Strategic Investments Over the years, we have made some strategic investments with the sole aim of establishing a proactive development ecosystem for rural India. Our investments in equity of Agriculture Finance Corporation (` 1 crore), Agriculture Insurance Company of India Ltd. (` 60 crore), Small Industries Development Bank of India (` crore), Multi Commodity exchange of India Ltd. (` 0.30 crore), National Commodity and Derivatives exchange Ltd. (` crore) and Universal Commodity exchange Ltd. (` 16 crore), CSC e-governance Services (India) Ltd. (` 9.74 crore), National e-governance Services Ltd. (` 1.50 crore) and National e-repositions Ltd. (` crore) are a proof of that vision. Investment in Alternate Investment Funds/ Venture Capital Funds So far, we have committed ` 228 crore for 13 Venture Capital Funds with a clear focus on reaching out to innovative agricultural technologies and establishing them commercially so that they contribute to the farmers' welfare. Yes, we walk the talk. Audited Financial Results for the year ended March 31, 2018 NA = Not Applicable Return on Assets = Net Profit (after tax) divided by total average assets (` in Crore) Sr. Particulars Year ended Year ended No Audited Audited 1 Interest earned (a)+(b)+(c)+(d) 22, , (a) Interest on loans and advances 19, , (b) Income on investments 3, , (c) Interest on balances with Reserve Bank of India and other inter-bank funds (d) Others Other Income Total Income (1+2) 22, , Interest Expended 16, , Operating Expenses (i) + (ii) 2, , (i) Employees cost 1, , (ii) Other operating expenses Total Expenditure (4+5) excluding provisions and contingencies 18, , Operating Profit before Provisions and Contingencies (3-6) 3, , Provisions (other than tax) and Contingencies Exceptional Items Profit (+)/Loss (-) from Ordinary Activities before tax (7-8-9) 3, , Tax expenses 1, , Net Profit (+)/Loss (-) from Ordinary Activities after tax (10-11) 2, , Extraordinary items (net of tax expense) Net Profit (+) / Loss (-) for the period (12-13) 2, , Paid-up capital 6, , Reserves excluding Revaluation Reserves 24, , Analytical Ratios (i) Capital Adequacy Ratio 17.71% 18.85% (ii) Earnings Per Share (EPS) NA NA 18 NPA Ratios (a) Gross NPA (b) Net NPA (c) % of Gross NPA to Gross loans & advances (d) % of Net NPA to Net loans & advances Notes: 1) The financial results were reviewed by Audit Committee of the Board and approved by the Board of Directors in its meeting held on 25 May 2018 at Shillong. 2) The Paid-up capital includes 5580 crore (previous year 1700 crore) received from Government of India, which is held in Advance towards capital account. Pursuant to increase of authorized capital of NABARD to crore vide Gazette Notification No.1410 dated 10 April 2018, the above advance amount will be transferred to paid up capital during the year ) Previous period figures have been regrouped / rearranged wherever necessary.

16 Numerically Speaking Position as on March 31, 2018 (` in Crore) Sr. No. Parameter Owned Funds ,311 2 Production Credit O/s 1,658 66,128 3 Investment Credit O/s 703 1,22,688 4 RIDF (Started in ) O/S 387 1,10,062 5 Borrowing 2,537 3,33,024 6 Operating Surplus 94 2,962 7 Business Per Employee (BPE) Operating Surplus Per Employee Balance Sheet size 4,519 4,06,642 Balance Sheet Size Since Inception Size in Crore CAGR: 13.72%