NABARD Revolutionizes Rural Economies with the Launch of Rural Marts in Changlang & Namsai Districts
Staff Reporter:
Namsai, December 17, 2023: In a noteworthy development, NABARD's General Manager, Damodar Mishra, inaugurated two transformative Rural Marts in Miao and Mahadevpur, situated in Changlang and Namsai Districts, respectively. The launch ceremony witnessed the presence of DDM NABARD, Kamal Roy, as well as representatives from facilitating agencies, local artisans, SHGs, and progressive farmers.
The Rural Mart in Miao, sanctioned to Nongtham Handloom Producers Co. Ltd and facilitated by Bethel Life Care Charitable Trust (BLCCT), and the one in Mahadevpur, sanctioned to NOSAAP Producers Co. Ltd. (a farmers’ producers company based in Namsai), mark significant milestones in NABARD's commitment to fostering rural economic growth.
NABARD's grant assistance covers operational costs such as rent and salary of sales personnel, in addition to basic capital costs. The Rural Marts serve as vital marketing outlets for local producers, enabling them to showcase their products alongside those aggregated from other SHGs. Acting as a bridge between producers and customers, these Marts play a pivotal role in generating additional income and employment at the grassroots level.
GM, NABARD, Damodar Mishra, expressing his satisfaction, stated, "We are delighted to expand our presence into the remote corners of the state, particularly in Changlang, which is yet to fully experience mainstream development. Discipline and focus are key to the success of this venture."
Kamal Roy, DDM NABARD, congratulated the implementing agencies and conveyed best wishes for their new venture. He assured continued support for their future endeavours, highlighting the commitment to sustainable rural development.
The Rural Marts are poised to create employment and livelihood opportunities for numerous SHG members and families in the districts, reinforcing NABARD's dedication to empowering local communities and fostering inclusive growth.