Dr Harsh Kumar Bhanwala may be a man of numbers, but he leads with his heart. In his six years with the National Bank for Agriculture and Rural Development (NABARD), he has consistently supported the enhancement of rural farmers’ income through the creation of agriculture and irrigation infrastructure.
From launching pilot projects that established agriculture business incubation centres meant to identify and support successful start-up businesses to creating a first-of-its-kind, country-wide survey that comprehensively touched on all aspects related to financial inclusion, Dr Harsh Kumar always puts the people first. “I’m not here to create value for my shareholders,” he says. “I’m here to create value for my country, the people who are engaged and the people who are in rural areas.”
Through NABARD, the largest – and unique – development bank in India, Dr Harsh Kumar is able to do just that. Created in 1982 to boost the country’s rural economy and provide a relentless focus on credit-related issues linked to rural development, this government-owned bank leverages financial and non-financial interventions, innovation and technology to reach its goals. “NABARD is not a company, it’s a statutory body,” Dr Harsh Kumar explains. “It’s a bank created by legislation of the Parliament. The NABARD Act has mandated us to bring integrated development in rural areas. We are in a unique position – there’s nobody like us.”
This story is from the October/November 2019 edition of The CEO Magazine India.
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This story is from the October/November 2019 edition of The CEO Magazine India.
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