NABARD unveils credit plan for Rajasthan

National Bank for Agriculture and Rural Development (NABARD) has projected the credit potential of Rs 1.84 lakh crore towards the priority sector lending by Banks in Rajasthan for the year 2018-19, which is 23% higher than the annual credit plan of the last year.

This was indicated in the State Focus Paper 2018-19 which was released by Chief Guest Ajay Singh Kilak- Minister for Cooperation during the State Credit Seminar 2018-19 organized by NABARD, Rajasthan Regional Office at Hotel “The Lalit Jaipur” last week, read a release from Nabard.

A K Singh, Chief General Manager, NABARD said “the State Credit Plan 2018-19 has been prepared with an aim to “double farmers’ income by 2022” as envisaged by the Prime Minister, with conserving the water resources for the sustainable agricultural growth.”

Giving break ups for various sectors, Singh listed – Agriculture – Rs. 128776 crore including Farm Credit of Rs. 112802 crore; Micro, Small & Medium Enterprises – Rs. 32263 crore; Export Credit – Rs. 2094 crore; Education – Rs. 2088 crore; Housing – Rs. 10460 crore; Renewable Energy – Rs. 1020 crore; Social Infrastructure – Rs. 1306 crore and others – Rs. 5509 crore.

 “To give a fillip to credit flow for investment credit in agriculture, NABARD has prepared area based schemes on two potential activities for each of the 33 districts in the state.” A K Singh further added.

 The credit plan document was prepared in consultation with the government departments, banks, and other stakeholders.

Besides Sudarshan Sethi, Additional Chief Secretary, Alok, Principal Secretary, Dr. Veena Pradhan, MD – RAJFED, the State Credit Seminar was attended by Senior Officials of the State Government, Reserve Bank of India, State Level Bankers Committee (SLBC), Commercial Banks, Regional Rural Banks and Cooperative Banks, apart from the representatives of various governmental agencies and NGOs.

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