Page 21 - Banking Finance November 2024

The AEFC with support from Nabard,
aims to boost Rajasthan's agricultural
exports and serve as resource centre
for various stakeholders such as
agripreneurs, agri-business entities,
and Farmer Producer Organisations.
The centre is also aimed to equip ex-
Ò»©­ porters with the tools and insights they
need to succeed in international trade
of agricultural commodities and value-
added products. As a significant out-
come of this project, the project imple-
menting agency has developed an in-
sightful agriexport guidebook titled
Rural indebtedness up, in- households, collected information on 'From Local to Global: The Agri
economic and financial indicators of Exporter's Roadmap', authored by
come rises too: Nabard rural India as of 2021-22. The first Bhagirath Choudhary and Sapna Bohra
The proportion of rural households NAFIS survey was done in 2016-17 (July of South Asia Biotechnology Centre.
that reported outstanding debt has to June). The reference period of the The agri-export guidebook 'From Local
grown from 47.4 per cent in 2016-17 current NAFIS for most questions is July to Global: The Agri-Exporter's
to 52.0 per cent in 2021-22, even as to June 2021-22 agricultural year. Roadmap' is an attempt to assist key
their average monthly income jumped stakeholders to explore and navigate
57.5 per cent in the same period, the Nabard releases agri-ex- through the complexity of trade in
latest All India Rural Financial Inclusion food, said Rajiv Siwach, Chief General
Survey (NAFIS) 2021-22 by Nabard said. port guidebook Manager (CGM), Nabard, RO Jaipur
The survey showed that the average The National Bank for Agriculture and Rajasthan.
monthly income of rural households Rural Development (Nabard)-sup-
increased from Rs 8,059 in 2016-17 to ported Agri Export Facilitation Centre "I am confident that this guidebook will
Rs 12,698 in 2021-22. (AEFC) in Jodhpur has come out with a stand as a steadfast ally for navigating
comprehensive guidebook on agri ex- through the realm of agricultural ex-
This means a nominal compounded ports," said Siwach.
annual growth rate (CAGR) of 9.5 per ports that outlines essential proce-
cent, which is higher than the average dures to make Indian agricultural prod- The book provides practical informa-
annual nominal GDP growth of 9 per ucts available on the global market. tion designed to inspire young
cent during the same period, the sur- The book was released by Manju agripreneurs to start their ventures
vey said. The average monthly expen- Rajpal, Secretary, Cooperative Depart- and explore opportunities in the global
diture of rural households too has in- ment & RCS, Government of Rajasthan marketplace.
creased from Rs 6,646 in 2016-17 to Rs during the 55th High Level Committee/ Additionally, a Hindi version of the
11,262 in 2021-22, the survey showed. State Level Task Force (SLTF) meeting guidebook is under preparation for
As per the 77th Situational Assessment on Cooperative Credit Structure improved accessibility and better out-
Survey (SAS) of NSO, the average organised by Nabard regional office, reach to the rural community.
monthly income of agricultural house- Jaipur on September 26, 2024. Nabard Keeping in view the bountiful produc-
holds increased from Rs 6,426 in 2012- has established an initiative titled "Set- tion of high value crops in Rajasthan,
13 to Rs 10,218 in 2018-19, which is an ting up of Agri-Export Facilitation Cen- the potential for processing, value ad-
increase of 59 per cent. However, both tre" at Jodhpur, Rajasthan, dition and agri exports has never been
NAFIS and SAS are not strictly compa- funded through its Farm Sector Promo- more promising, said Bhagirath
rable in terms of their processes. tion Fund (FSPF) and implemented by Choudhary, author of the guidebook
The NAFIS survey, which was con- South Asia Biotechnology Centre and coordinator of NABARD Agri Ex-
ducted amongst more than a lakh (SABC), Jodhpur. port Facilitation Centre.

BANKING FINANCE | NOVEMBER | 2024 | 19