NABARD projects credit potential 15.46% higher than the previous year
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The theme of the State Focus Paper 2021-22 is “Collectivization of Agricultural Produce for enhancing Farmer’s Income”. Sarbananda Sonowal, Chief Minister Assam inaugurated the State Credit Seminar 2021 and unveiled the State Focus Paper 2021-22 prepared by NABARD.
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Saha, however, expressed his concern that credit to agriculture is showing a declining trend as per data published by SLBC, Assam.
Guwahati: National Bank for Agriculture and Rural Development (NABARD) projects credit potential of Rs 32316.03 crore for Assam for the financial year 2021-22, which is 15.46% higher than the previous year.
Banks achieve 72% Kharif loan target
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₹10,791 crore disbursed as agri term loans
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₹10,791 crore disbursed as agri term loans
Banks in Telangana lent ₹22,936 crore in the first six months (April-September) this fiscal for Vanakalam (Kharif) crop season thus achieving 71.82% of the target.
Overall, 43% of the short term production (crop) loan target, including for the ongoing Rabi season, had been achieved. These numbers were shared following the State Level Bankers’ Committee (SLBC) meeting on Monday that reviewed the performance of the banks for the June and September quarters.
According to a release, SLBC president and SBI Chief General Manager Om Prakash Mishra, making a presentation, said banks disbursed ₹10,791 crore as agri term loans towards investment credit, agri allied, agri infra and agri ancillary activities up to September this fiscal.
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