Former Rural Development Secretary (GoI) Jugal Kishore Mohapatra (Rtd IAS:1978:OR) recently appointed Chairman, NABARD Financial Services Limited (NABFINS). In his post-retirement stint Mohapatra replaced Aloysius P. Fernandez as new Chairman, NABFINS.
NABFINS is a subsidiary of National Bank for Agriculture and Rural Development (NABARD) with equity participation from NABARD, Government of Karnataka, Canara Bank, Union Bank of India, Bank of Baroda, Dhanalakshmi Bank and Federal Bank.
It is a non-deposit taking NBFC registered with the RBI and operates throughout India.
It aims at providing financial services broadly in areas of agriculture and microfinance. It provides credit and other facilities for promotion, expansion, commercialization and modernization of agriculture and allied activities.
Modi Govt at Centre considered Mohapatra as most suitable officer for social sector. Prior to retiring as Rural Development Secretary Mohapatra served as Secretary, Fertilizers and held the additional charge of Secretary, Department of Drinking Water & Sanitation.