Allahabad Bank's "Indira Gandhi Farmers' & Entrepreneurship Development Institute" Inaugurated by Sonia Gandhi

Allahabad Bank has set up "Indira Gandhi Farmers' & Entrepreneurship Development Institute" at Rae Bareily to operationalise an integrated, comprehensive and holistic training model based on single window approach for capacity building of Farmers' & Entrepreneurs.

Smt. Sonia Gandhi, Chairperson of the National Advisory Council inaugurated the Institute on 8th July 2005 in a function organized by the Allahabad Bank at Rae Bareily.While dedicating the Institute to the people of Rae Bareily and adjoining districts, Smt. Gandhi appreciated the role and contribution of Allahabad Bank in setting up such a unique Institute. She said that the Farmers' & Entrepreneurship Development Institute set up by the Bank is an effective step for ensuring the economic and social empowerment of farmers particularly belonging to small/marginal tenant categories, rural entrepreneurs, women, SHGs other vulnerable sections of the society.

Smt. Gandhi also interacted with the trainees of the Institute and expressed happiness over the effectiveness of the model conceived by Allahabad Bank for delivering training, credit and facilities of infrastructures linkages under one roof. She appealed to the people of the area to make full use of the facilities available at the Institute for enhancing production, employment and income generation.

On this occasion Smt. Sonia Gandhi launched Tenant Farmers' Financing Scheme formulated by Allahabad Bank for providing loans to this category of farmers who cultivate others land and having no access to formal credit institutions. Smt. Gandhi praised the initiatives taken by the bank for formulating such scheme for tenant farmers. She distributed Kisan Credit Cards to five tenant farmers financed by the bank under the new scheme.

Shri O.N. Singh, Chairman & Managing Director, Allahabad bank announced to donate mobile PCO sets one each to 25 physically handicapped persons for their self employment. Smt. Sonia Gandhi distributed mobile PCO sets to five selected physically handicapped persons in the said function.