Odisha

NABARD Pegs Odisha Credit Potential At Rs 90,000 Crore

By
OB Bureau

Bhubaneswar: The National Bank for Agriculture and Rural Development (NABARD) has projected a credit potential of Rs 90,395.69 crore for Odisha under the priority sector for the 2020-21 fiscal year.

The projection was reported by Finance Minister Niranjan Pujari at an annual seminar organised by NABARD here on Monday.

After inaugurating the State Credit Seminar, Pujari said agriculture term loan finance should be increased in allied sectors such as animal husbandry, poultry and fisheries. This would lead to asset formation and diversification of farmers’ income, he added.

The minister also advised regional banking heads to increase their outreach in non-banked areas to help implement development programmes and boost digital banking and financial inclusion in Odisha.

He called for a coordinated support from all stakeholders to make Odisha a leading state in Indian economy.

Principal Secretary (Finance), Ashok Meena applauded NABARD for highlighting the importance of agriculture and allied sectors in the overall credit potential of Odisha, where two-third of the people is dependent on agriculture.

Meena appealed to all commercial banks to increase agriculture term loan under various state government programmes, especially Mukhyamantri Krushi Udyog Yojana (MMKUY).

Assuring full support of the government in working with the banking sector to improve the rural credit scenario, Meena urged the bankers to focus on farmer-producer organisation (FPO) and joint liability groups (JLG) financing.

Of the total credit potential for priority sector, Rs 43,282.11 crore has been assessed under agriculture. Emphasis has been given to re-calibrate the potential assessment keeping in view recent trends in achievement of ground level credit.

OB Bureau

Recent Posts

Thalassemia & Sickle Cell Patients Stage Dharna For Blood Transfusion Centre At MKCG Hospital In Odisha’s Berhampur

Berhampur: Hundreds of thalassemia and sickle cell patients on Tuesday staged a demonstration demanding a…

November 26, 2024

Samantha Ruth Prabhu Was Labelled ‘Second Hand’, ‘Used’ After Divorce With Naga Chaitanya

Mumbai: Actress Samantha Ruth Prabhu and her ex-husband actor Naga Chaitanya have moved on after…

November 26, 2024

Amid Divorce Rumours, Aishwarya Asks Women To Never Compromise On Their Worth [Watch]

Mumbai: Amidst rumours of their divorce, Bollywood queen Aishwarya Rai asked women to stand up…

November 26, 2024

Prime Minister Modi To Participate In Roadshow On Arrival In Bhubaneswar

Bhubaneswar: Prime Minister Narendra Modi will participate in a roadshow on his arrival at Bhubaneswar…

November 26, 2024

How Custody Battle With Elon Musk Left His Ex-Girlfriend Grimes ‘Bankrupt’

New York: Elon Musk, father of 12 children with different partners, has led an eventful…

November 26, 2024

Vigilance Apprehends College Principal While Taking Rs 1 Lakh Bribe In Odisha’s Nayagarh

Bhubaneswar: Vigilance has apprehended a college principal while taking a bribe of Rs 1 lakh…

November 26, 2024

FIR Against ‘Pushpa 2’ Actor Shri Tej For Cheating & Exploiting Woman

Mumbai: Ahead of the release of Allu Arjun's highly-anticipated ‘Pushpa: The Rule’, one of the…

November 26, 2024

Odisha Govt Rejects IAS Officer Sujata Karthikeyan’s Leave Extension Application

Bhubaneswar: The Odisha government has rejected the application of IAS officer Sujata R Karthikeyan for…

November 26, 2024