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Have no role in implementation of Himayat scheme, clarifies NABARD
9/6/2021 12:17:44 AM

Early Times Report

Jammu, Sept 5: In response to certain news reports in Jammu that the Anti-Corruption Bureau (ACB) officials conducted raids in NABARD’s Office in Jammu on September 02, 2021, National Bank for Agriculture and Rural Development (NABARD), India’s premier agriculture and rural development finance institution, has clarified that it had no role to play, directly or indirectly, in the case of alleged misappropriation of funds pertaining to implementation of Himayat (DDU-GKY) projects.
NABARD Consultancy Services Private Limited (NABCONS), which is a wholly-owned subsidiary of NABARD, has clarified its stand on behalf of NABARD. NABCONS has further stated that the ACB Officials visited the Office of NABCONS in Jammu and not that of NABARD.
“The news appeared in certain newspapers that the ACB Officials raided NABARDs’ Jammu and Kashmir Regional Office located at Railhead Complex in Jammu, is factually incorrect and baseless. We want to state that the ACB Officials visited the office of NABCONS, a subsidiary of NABARD, and not the Office of NABARD. Their visit was for verification of books in relation to the matters the ACB has been pursuing with other Agencies outside NABCONS”, said Mr K Venkateswara Rao, Managing Director of NABCONS. He further mentioned that the verification was undertaken by the ACB as per the Standard Operating Procedure (SOP) laid down by the Ministry of Rural Development (MoRD), GoI.
NABCONS has stated that it only acted as a Technical Support Agency (TSA) to Himayat Mission Management Unit (HMMU) and Jammu Kashmir Rural Livelihoods Mission in the UT of Jammu & Kashmir and in the capacity of a monitoring Agency.
Clarifying its position further on the Himayat Scheme, NABCONS has mentioned that it had no jurisdiction or locus-standi in distributing the grants, loans or any sort of funds to any beneficiary, directly or indirectly, and its only function was to verify the claims submitted by the Project Implementing Agencies (PIAs) for release of instalments under Himayat (DDU-GKY). NABCONS has clarified to the ACB about the Standard Operating Procedures (SOP) adopted by the TSA and also provided them with the required information, documents for further necessary action at their level, added Mr Rao.
NABCONS has been engaged by Ministry of Rural Development, GoI, as a Central Technical Support Agency (CTSA) for 18 States and Union Territories for providing facilitation support and monitoring of DDU-GKY, a rural Skill Development Scheme.
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