MUMBAI, 17 April 2024: The National Bank for Agriculture and Rural Development (NABARD) issues a statement to address the recent misinformation circulating about the NABARD Dairy Loan Yojana.

A series of false claims suggesting that NABARD is directly providing loans to farmers for dairy farming ventures under their Dairy Entrepreneurship Development Scheme. NABARD, categorically and unequivocally states that these assertions are fake.

NABARD, as an apex development finance institution, functions by extending financial assistance and support to various financial institutions and cooperatives involved in rural development. It does not extend loans directly to individual farmers. All stakeholders are strongly urged, particularly farmers and rural entrepreneurs, to exercise utmost caution and refrain from believing or propagating such misinformation. Unverified information can lead to financial risks and misunderstandings. Accurate information can be obtained from NABARD’s official website.

NABARD remains steadfast in its commitment to promoting rural development and agriculture through various initiatives and schemes aimed at fostering sustainable livelihoods. Hence, cooperation of all stakeholders is solicited in ensuring the dissemination of accurate information and discouraging the spread of misinformation.