HAPPY NEW YEAR - 2016

DEAR MEMBER,

AINBOA WISHES YOU AND YOUR FAMILY MEMBERS THE VERY BEST OF TIMES AHEAD IN THE NEW YEAR 2016.

AS 2015 CAME TO AN END AND 2016 STANDS AWAITING US FOR THE NEXT 365 DAYS LETS PONDER, RESOLVE AND IMPLEMENT...

PONDER ON THE YEAR GONE BY...TRULY SPEAKING THE YEAR 2015 SAW NABARD GROWING... GROWING IN ITS BALANCE SHEET SIZE, GROWING IN ITS OPERATIONAL AREA, GROWING IN ITS STATURE AND GROWING TO TAKE UP NEWER RESPONSIBILITIES IN ORDER TO FULFILL ITS ASSIGNED MANDATE.

OUR MOST IMPORTANT STAKEHOLDER --- THE INDIAN FARMER AND RURAL POOR --- HOWEVER MAY NOT HAVE MUCH TO CHEER ABOUT... TRUE THAT FARM PRODUCE IN TERMS OF TOTAL PRODUCTION SHOWED A MARGINAL GROWTH, ALSO TRUE THAT FORMAL CREDIT TO FARM SECTOR IS TOUCHING RS.8.00 LAKH CRORE AND ALSO TRUE THAT PMJDY MAY HAVE GIVEN AN MUCH AWAITED IMPETUS TO FINANCIAL INCLUSION.... BUT IT ALSO REMAINS TRUE THAT AGRICULTURE IS NOT GROWING AT A DESIRED PACE OF 4%, IT IS ALSO TRUE THAT THE STATUS OF  GROSS CAPITAL FORMATION IN RURAL INDIA IS A GREAT CAUSE OF CONCERN, IT IS ALSO TRUE THAT CONDITION OF INDIAN FARMER, SPECIALLY THAT OF SMALL & MARGINAL FARMERS REMAINS THERE TO HAUNT ALL OF US AS AGRICULTURE CONTINUES TO BE NON REMUNERATIVE BUSINESS FOR MOST OF THE PRODUCERS AND IT ALSO REMAINS TRUE THAT CLIMATIC CHANGES AND ITS MANAGEMENT WILL BE A GREAT CHALLENGE FOR ALL OF US...

ALSO PONDER IF OVER EMPHASIS ON COMMERCIALIZATION AND PROFITABILITY PARAMETERS IN OUR OPERATIONS WILL LEAD US TO ACHIEVING OUR EVER EXPANDING MANDATE OR WE WILL IT GRADUALLY TURN OURSELVES INTO 'ONE MORE FINANCIAL INSTITUTION'... NOT TO SAY THAT WE HAVE TO OVERLOOK OUR SUSTAINABILITY ASPECT... BUT IT DEFINITELY REQUIRES A COMPREHENSIVE DEBATE IN ORDER TO ACHIEVE A FINE BALANCE OF FINANCIAL SUSTAINABILITY WITHOUT SACRIFICING OUR AGENDA OF 'DEVELOPMENT THROUGH CREDIT'.

WE ARE SURE THAT COLLECTIVE WISDOM AND LEADERSHIP OF OUR OFFICERS, TOP MANAGEMENT AND GoI WILL ENSURE THAT 'THE DFI NABARD'  REMAINS A DFI AND CONTINUES TO PAVE THE PATH FOR SUSTAINABLE AND VIABLE RURAL DEVELOPMENT.

SO LET ALL OF US RESOLVE TO ADOPT 'TESTED AND APPROPRIATE TECHNOLOGY', DEVELOP 'APPROPRIATE ATTITUDE' AND PRACTICE 'APPROPRIATE WORK CULTURE' SO AS TO EVOLVE OUR VERY OWN ORGANISATION - NABARD - INTO A SOLUTION PROVIDER AND EFFICIENTLY MANAGED DFI AND NOT INTO A COMMERCIAL ENTITY PER SE.

LETS IMPLEMENT A CULTURE OF PROFESSIONALISM, HEALTHY CRITIQUE AND FOSTER FRATERNAL GOODWILL FOR THE NABARD PARIVAR MEMBERS AND LETS PASSIONATELY WORK TOWARDS ACHIEVING OUR ASSIGNED MANDATE - THE SERVICE TO RURAL POOR.

WE ARE SURE THAT WE WILL CONTINUE IN OUR SINCERE EFFORTS TO BRING A SMILE ON THE FACE OF RURAL INDIA.

WE ALSO HOPE THAT THE YEAR AHEAD WILL BRING TO US OUR LEGITIMATE SHARE OF PROSPERITY AND COMFORTS TO OUR FAMILY MEMBERS.

WE PRAY TO GOD THAT THE SPIRIT OF 'TOGETHER WE HAVE AND TOGETHER WE CAN...' WILL LEAD US TO GREATER SUCCESSES AS UNITED WE STAND TO FACE THE YEAR AHEAD...

WISHING YOU AND YOUR FAMILY MEMBERS A VERY VERY HAPPY, PROSPEROUS, PEACEFUL AND HEALTHY 2016

TRULY AND FRATERNALLY YOURS

CEC                        DR D S CHAUHAN                      GIRIDHAR THAKUR

AINBOA                  GENERAL SECRETARY                PRESIDENT