National Bank for Agriculture and Rural Development (NABARD) unveiled its State Focus Paper (SFP) 2026–27 at the State Credit Seminar held in Gangtok, outlining an estimated credit potential of Rs 1,701.42 crore for Sikkim in the coming financial year.
The seminar was graced by Chief Secretary Ravindra Telang and attended by senior officials from Reserve Bank of India, State Bank of India and the Government of Sikkim.
The credit projection includes Rs 589.04 crore for agriculture and allied sectors (34.62%), Rs 968.99 crore for MSMEs (56.95%) and Rs 143.39 crore for other priority sectors (8.43%).
Addressing the gathering, the Chief Secretary described credit as a driver of growth built on trust and confidence, urging banks to promote cluster-based agriculture, high-value niche products and stronger market linkages for SHGs and farmers.
During the event, NABARD also extended financial assistance to cooperative institutions and tribal development projects, while technical sessions highlighted GI promotion, rural infrastructure, and financial inclusion initiatives across the State.