Nabard Sets Rs58,882-Crore Credit Potential For Odisha

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Bhubaneswar: Jan 29; A State Focus Paper (SFP) on priority sector credit potential in Odisha for 2016-17 was released by Chief Secretary AP Padhi at the State Credit Seminar here on Thursday. 

Speaking at the seminar, organied by the National Bank for Agriculture and Rural Development (Nabard), Padhi urged upon the banks to achieve substantial increase in credit flow to agricultural sector during 2016-17.

The Chief Secretary also emphasized on extension of banking and credit advance facility at all gram panchayat headquarters and urged upon the banks to ensure 100 per cent implementation of the subsidy and incentive-based schemes announced by the Government in agriculture and allied sectors.

Development Commissioner R Balakrishnan said the Government has put in place a number of progressive schemes and programmes the success of which need adequate and timely credit flow.

The SFP for 2016-17 presents a comprehensive picture of the credit potential estimated in various sectors of rural economy. The paper has envisaged a projected priority sector credit potential of Rs58,882.39 crore for 2016-17 which is around 23.3 per cent more than that of 2015-16. In the year 2015-16 the potential credit plan was around Rs47, 756 crore.

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