The National Bank for Agriculture and Rural Development (Nabard) on Saturday revealed its overall credit potential projection for Odisha under priority sector at Rs 75,612 crore for 2019-20.
The Nabard revealed this in its State Focus Paper released at the State Credit Seminar inaugurated by Chief Secretary AP Padhi here in the presence of Secretaries and top officers of different banks.
Nabard CGM A Chandrasekhar explained the process of preparation of State-level credit potential that forms the basis of Annual Credit Plan. The credit projection is based on the potential assessed under various sectors and sub sectors in all the agro climatic zones of the State.
The Chief Secretary emphasised upon increasing the agriculture term loan finance in other allied sector activities such as animal husbandry, poultry, fisheries etc leading to asset formation and diversification of the income basket of farmers. He also advised RBI and all the bankers to increase their banking outreach in unbanked areas of the State.
Agriculture and Farmers’ Empowerment Secretary Saurabh Garg also advised all the commercial banks to increase agriculture term loan financing under various State Government programmes and especially under MMKUY.
RBI Regional Director MK Mall appreciated the efforts of Nabard in bringing out the SFP and holding the State Credit Seminar, saying it would facilitate in better credit planning in future.
