Rajasthan News

NABARD: Rs. 1,14,927 crore credit plan for Rajasthan

by RajasthanDirect
Feb 12, 2015

On Wednesday National Bank for Agriculture and Rural Development (NABARD) announced Rs 1,14,927 crore credit plan for agriculture in Rajasthan for fiscal 2015-16, encompassing all 33 districts in the state.

NABARD Chief Manager Rajender Singh told to reporters that The credit projections will grow by 39 per cent from Rs 82,534 crore in the ongoing fiscal (2014-15) to Rs 1,14,927 crore in 2015-16 for Rajasthan’s agriculture and allied sectors.

Agriculture being the driving force of Rajasthan’s economy, the total outlay for the sector has been assessed at Rs 88,269 crore, He added.

Of this, the share of crop loan and term loan is assessed at Rs 68,544 crore and Rs 19,725 crore, respectively, NABARD has identified infrastructure gaps in the state with 155 projects worth Rs 3,020 crore, which could be financed under RIDF and other channels available with NABARD, He added.

Src:- http://economictimes.indiatimes.com/news/economy/agriculture/nabard-announces-rs-114927-crore-credit-plan-for-rajasthan/articleshow/46199459.cms

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