NABARD relocates AP Regional Office to Vijayawada

The National Bank for Agriculture and Rural Development (NABARD), on Wednesday, inaugurated the new Andhra Pradesh Regional Office in Vijayawada. The event was attended by Ministers Kinjarapu Atchannaidu and Payyavula Keshav, and Shaji KV, Chairman of NABARD.
On the occasion, Atchannaidu underscored the pivotal role of agriculture and fisheries in Andhra Pradesh’s economy. He reaffirmed the government’s commitment to positioning Andhra Pradesh as the frontrunner in the nation’s growth journey.
He said that agriculture remains predominant in Andhra Pradesh, and fisheries are equally critical for the State’s growth. He lauded NABARD’s role in rural infrastructure development. Atchannaidu assured that the government will extend all possible assistance to NABARD for constructing its own iconic building in Amaravati.
Finance Minister Payyavula Keshav expressed immense happiness over the relocation of the NABARD’s Andhra Pradesh Regional Office to Vijayawada, calling it a timely and strategic decision. He extended his wishes for the new office, emphasising that the move symbolises a deeper commitment to the State’s development aspirations. He highlighted the critical role of credit flow in stimulating rural growth.
“The more you lend, the more transformative the impact on rural communities. “This relocation signifies NABARD’s readiness to meet the State’s aspirations for inclusive development,” he remarked.
Shaji KV highlighted key initiatives such as tenant farmer financing and the Agristack programme. “NABARD is enhancing credit flow to tenant farmers and marginalised communities through innovative measures like the Programmable Central Bank Digital Currency (PCBDC) pilot. By strengthening field-level interventions and leveraging Agristack, we aim to drive sustainable agricultural productivity and financial inclusion,” he stated.
On this special occasion, NABARD issued significant sanction letters to promote diverse sectors and empower rural communities across Andhra Pradesh. In collaboration with the Handloom and Textiles Department, support was extended for the Geographical Indication (GI) registration of traditional handloom products such as Dupion Silk, Manorama Bedsheets, Chirala Kuppadam Sarees, Madhavaram Cotton Sarees, and Yemmiganur Towels and Bedsheets, preserving heritage and opening global market opportunities.
Budithi Rajsekhar, Special Chief Secretary (Agriculture), Babu A, Secretary (Marketing & Cooperation) & Registrar of Cooperative Societies, Ronald Rose, Secretary, Finance Department, MR Gopal, CGM, NABARD Andhra Pradesh RO, other key dignitaries from the government, banking fraternity, and NABARD officers attended the programme.