Chapter-1 Introduction
Human Resource Management (HRM)-
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- Sectors covered by NABARD
Human Resource Management (HRM)-Human Resources are an integral part in the change process of an organization. It not only maximizes the return on investment but also minimizes the financial risk. HRM has to implement an organization's HR requirements effectively, taking into account federal, state and local labor laws and regulations; ethical business practices; and net cost, in a manner that maximizes employee motivation, commitment and productivity. NABARD has a great strength of suitably qualified, dedicated and experienced staff members in areas of general banking, agriculture and related sciences; agricultural economics; accounts and finance; and IT. The staff is divided in 3 groups; Group- A, B and C. Table 3.5: Total Staff Strength in NABARD
Source: NABARD Annual Reports Various Issues NABARD emphasized on capacity building of the staff by upgrading their skills, developing their expertise, organizing exposure visits, overseas training, seminars, meetings and regular visits by the top management. The staff is also encouraged to pursue various professional studies. Despite of these efforts the training requirements are enormous for which training programmes should be developed timely according to the identified priority and needs of employees. Selection of appropriate training method should be the responsibility of the Training and Manpower Development Division. The on the job training should be supervised by internal employees, who are nominated for the reason of their particular and training competence and off job training should be provided at NBSC. Annual training plan and budget should be examined timely and approved by the Training Advisory Committee. Overseas training programmes should be encouraged more and open to nominations from all officer grades and places allocated on the basis of training need rather than seniority. There must a detailed analysis of training needs at all levels. The design and delivery of training programmes must be improved and must be preceded by core professional trainers. The management of training should have a separate staff from that for client banks. There must be a strong technical wing with competent people in various disciplines; commercial agriculture, agro processing, marketing, and risk mitigation. There must be constant up gradation of technical skills of the technical officers. This team may act as ‘brain trust’ for deciding what is to be done and what is not to be done. Sectors covered by NABARDThe main objective of NABARD is to make Integrated Rural Development (IRD) which cannot be attained by focusing one or two sectors of rural economy. It is then required to uplift and nurture each and every sector which provides employment and livelihood to rural population. Therefore NABARD deals and provides initiatives for all the sectors which are as follows: Farm Sector: Indian rural economy is directly related with farm sector because a major portion of rural population still depends on farm activities for their livelihoods. NABARD directly/indirectly has been facilitating processes to address the challenges of farm sector and to make the economy green. Through various interventions either directly or through the partner organizations like Banks, NGOs, Govt. departments etc NABARD has created sustainable and replicable models in the agriculture. NABARD is not only providing support for capacity building of the partner agencies but also helping them to create awareness among the farmers about the modern technologies and to make them self reliant. NABARD through its vide spread network of DDMs in all the states of the country is facilitating the farmers to adopt the modern technologies available. Rural Non Farm Sector (RNFS): The farm sector alone is not responsible for the rural development. RNFS has traditionally been viewed as a low-productivity sector which produces low quality goods. It is often expected to wither away as a country develops. Attention has been paid to the significance of the RNFS in the Indian rural economy since the early 1970s. Recent decades have seen a shift away from this position towards recognition that the RNFS can, and often does, contribute to economic growth, rural employment, poverty reduction, and a more spatially balanced population distribution. RNFS holds the key to faster economic development. It has potential and promise for generating employment and increased income in the rural areas. Hence, NABARD has identified financing, development and promotion of RNFS as one of its thrust areas. NABARD has evolved several refinance and promotional schemes over the years and has been making constant efforts to liberalise, broad base and refine/rationalize the schemes in response to the field level needs. The focus has been on greater credit flow and provision of linkages for small, cottage and village industries, handicrafts and other rural crafts and service sector in the decentralised sector in the rural areas. Micro finance sector: Despite nationalization of banks and massive branch expansion in later years, a large segment of our society remained deprived of banking facilities/financial services particularly in rural areas especially weaker sections/tribals. A large number of people in rural areas still find it difficult to earn livelihood and, thus, they are not able to contribute significantly to the family income and the national economy. The rural residents have not the proper access to formal banking sector and on the other hand their credit requirements are very meager which is not sufficient for the formal banking system to get attracted towards the rural areas. The greatest challenge is to address the constraints that exclude these people from full participation in the financial sector.1 Microfinance initiatives are a cost effective way to take the banking system to the poor.2 This motivated NABARD to generate finance in very small units (micro loans) to poor borrowers who typically lack collateral, steady employment and a verifiable credit history. These loans provide them entrepreneurship, increased incomes, alleviated poverty and often also empowerment of women. SBLP and JLG of NABARD are creditworthy steps in this direction. Financial Inclusion: The stark reality is that most poor people in the world still lack access to sustainable financial services, whether it is savings, credit or insurance. Together, we can and must build inclusive financial sectors that help people to improve their lives.3 Financial inclusion may be defined as the process of ensuring access to financial services and timely and adequate credit where needed by vulnerable groups such as weaker sections and low income groups at an affordable cost.24 According to the United Nations the main goals of inclusive finance are as follows:
NABARD has been instrumental in spreading the Financial Inclusion Movement of the Government. NABARD is creating awareness among the unbanked rural areas about the banking services. NABARD is spreading awareness among the people about various facilities, banking products, services available through various initiatives. Under Financial Literacy programmer various tools are being used such as Wall Writing, Nukkad nakat, Sensitization meets etc. One main reason of financial exclusion is the lack of Bank Branches in the rural areas. It is sometimes not cost effective for Banks to install branches in the rural areas. To overcome this, a new concept of Business Correspondent/ Business Facilitator (BC/ BF) has been adopted by the banks. In the unbanked areas the BC/BFs appointed by the bank branches cater the banking requirements of the people. NABARD is providing technology support for the training of BC/ BFs and the cost towards the machinery being handled by BCs/ BFs. From the above discussion it is evident that NABARD is doing exceptionally well in transforming the rural India. Every year the financial assistance received by NABARD and the disbursement made out of it are increasing on. It not only provides finance to the programmes but also prescribes rules and regulations from time to time to monitor and achieve the well defined goals. However NABARD is continuously working for the 360 development of rural India yet there is a need of greater role of commercial banks in stepping up micro credit in the country. It is said that “The future lies with those who see the poor as their customers”1 is very much true in the context of NABARD. In short we can say that NABARD is providing rural India all round assistance and proved to be an institution where "Growth with Social Justice" exists. -------:0:------- Directory: bitstream -> 10603 10603 -> A mathematical theory of communication bitstream -> Methodism and Culture bitstream -> Review of coastal ecosystem management to improve the health and resilience of the Great Barrier Reef World Heritage Area 10603 -> Present state of the area 10603 -> Marine Pollution And Its Effects on Global Environment 10603 -> Introduction chapter I introduction 10603 -> References 10603 -> Bibliography Abd El Halim 10603 -> A thesis submitted to sambalpur university for award of Download 1.67 Mb. Share with your friends:
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