Nabard estimates hike in credit potential

Nabard estimates hike in credit potential

The National Bank for Agriculture and Rural Development (NABARD) has estimated that there is a credit potential of Rs 1,08,000 crore in the State for agriculture in the financial year 2015-16.

The bank is an apex development organisation in the country, which lends loans to farmers and other small-scale industries. On Tuesday, at the State Credit Seminar conducted by the NABARD in the Vidhana Soudha, it was estimated that there would be an increase of 26 per cent in the credit potential for the financial year 2014-15. The bank has requested the government and other  banks to make concerted efforts to join hands in enhancing the credit flow in the State.

At the meeting, it was stated that out of the total credit potential of Rs 108373 crore assessed for priority sector for the year 2015-16 for Karnataka as a whole, Rs 48,813 has been assessed for crop production, maintenance and marketing, Rs 21,172 for agriculture term loans, Rs 13,228 for MSE (including food and agro-processing) and Rs 25,060 for other priority sector activities.

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