GUWAHATI: National Bank for Agriculture and Rural Development (NABARD) has unveiled a credit potential of Rs 24,000.55crore for Assam in 2019-20, which is a hike of 11 per cent over the previous year.
This was announced in the state credit seminar held here on Thursday, a statement issued by the bank, said.
The major sectors where the credit potential has been projected ainclude Rs 8898.53 crore for crop production, Rs 5043.20 crore towards agriculture-allied activities, Rs 690.49 crore for agri-infrastructure, Rs 1126.13 crore for ancillary activities, Rs 5868.99 crore for MSME sector, Rs 2039 crore for education and housing sector and Rs 17.71 crore for export credit, social infrastructure and others.
Speaking at the seminar, Rajashree K Baruah, chief general manager, NABARD, highlighted the banks various initiatives. Baruah reiterated that regional office in Assam is focussed on the twin objectives of doubling farmers’ income by 2022 and sustainable agricultural practices.
The twin goals were kept in view while finalising the credit potential. The farm sector credit, agriculture and allied activities and agri-infrastructure cover 64 per cent of the projected credit potential for 2019-20.
A presentation was made by the technical officers of NABARD wherein sector-wise potential activities were highlighted.
Additional chief secretary, finance, Rajiv Kumar Bora, released the State Focus Paper, the theme of which was “Sustainable Agricultural Practices”.
In his key note address, he complimented NABARD for organising the seminar and appreciated the potential linked plans and State Focus Paper, which were often used as reference documents by the state government.
Senior officials from Reserve Bank of India, State Bank of India, commercial banks, private sector banks and small finance banks commended NABARD’s ground work in bringing to the fore the credit potential in Assam.