Role of NABARD-funded watershed projects in Sustainable Economic Development of Rural Communities: A Review of Selected Studies

ABSTRACT: This research explores the transformative impact of the National Bank for Agriculture and Rural Development (NABARD)-funded watershed projects in promoting sustainable economic development in rural communities. These initiatives, addressing ecological, social, and economic dimensions, strategically optimize rainfed agriculture by integrating water resource management. A case study involving NABARD and Ambuja Cement Foundation exemplifies collaborative efforts for watershed development in Himachal Pradesh. The study synthesizes diverse literature, revealing NABARD’s pivotal role in rural finance and microfinance, underscoring the symbiotic link between water conservation and economic prosperity. However, the research identifies a critical gap in understanding the long-term effectiveness and challenges of integrated watershed restoration programs, calling for comprehensive evaluations to inform resilient rural development strategies amid climate change.

Keywords: NABARD, Sustainable, Rural Communities, Economic Development, Watershed Projects.