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NABARD projects Karnataka s credit plan at ₹ 2,96,051 cr for 2021-22

Updated: February 24, 2021 23:07 IST This is an increase of 21.05% over projection made for 2020–21; ‘farm sector receiving less investment’ Share Article AAA This is an increase of 21.05% over projection made for 2020–21; ‘farm sector receiving less investment’ The National Bank for Agriculture and Rural Development (NABARD), Regional Office, Karnataka, has projected the credit potential for the State at ₹2,96,051 crore for 2021–22, an increase of 21.05% over the projection made for 2020–21 of ₹2,44,564 crore. Chief Secretary P. Ravi Kumar released the State Focus Paper 2021–22 and said the credit potential for agriculture had been estimated at ₹1,45,213 crore for the year. The farm sector has been receiving less investment in the State as 55% farmers own less than one hectare, he said.

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