Deshpande Foundation will build Farm Ponds in Belagavi & 8 Other districts
Deshpande Foundation will build Farm ponds in the districts of Bagalkot, Ballari, Belagavi, Dharwad, Gadag, Haveri, Koppal, Raichur, and Vijayapura in accordance with the tripartite MoU that was signed on Friday through the formation and credit linking of 150 Joint Liability Groups (JLGs).
NABARD (National Bank for Agriculture and Rural Development), Deshpande Foundation, and HDFC Bank have signed an MOU for the development of farm ponds in nine districts of North Karnataka as part of a program to support rural transformation through the construction of farm ponds.
The MoU was signed and exchanged in Bengaluru on Friday. Participants included Chief General Manager of NABARD Karnataka Regional Officer T. Ramesh, General Managers R. Anand and K.S. Mahesh, Co-Founder of DF and social entrepreneur Gururaj Deshpande, Zonal Head Southern Region, HDFC Bank Amit Lakhanpal, and others.
According to the MoU, DF would receive incentives from NABARD for establishing and supporting JLGs, and HDFC Bank will offer institutional financing to JLGs for the development of agricultural ponds. Farm ponds built as part of the initiative will be geo-tagged and locatable using Google Maps.
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