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BUSINESS
NABARD PROJECTS ODISHA’S CREDIT POTENTIAL AT OVER RS.58,880 CRORE
February 6, 2016
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1.The National Bank for Agriculture and Rural Development (NABARD) on Thursday projected overall credit potential of Odisha at Rs.58,882.39 crore for priority sectors during the year 2016-17 – a jump of 23.3 per cent over last year.

2.The bank had made a credit projection of Rs.47,756.44 crore during 2015-16.

3.“The aggregation of the district-wise potential linked credit plan (PLPs) for 2006-17 projects a credit flow of Rs.58,882.39 crore for the State indicating an increase of 23.3 per cent over the last year. Out of total credit potential for the State under total priority sector, Rs.32,207.90 crore has been assessed under agriculture,” announced NABARD Chief General Manager S. K. Kale, addressing the State Credit Seminar 2016-17.

4.“Credit potential under agriculture constitutes 54.7 per cent of total priority sector. Out of total credit of Rs. 32,207.90 crore estimated under agriculture, Rs.29,710.95 crore (92.2 per cent is under farm credit), which comprises of both crop loans and term loans for agriculture and allied activities,” he said.