National Bank for Agriculture and Rural Development (NABARD) has projected an exploitable credit potential of Rs. 1.72 lakh crore towards the priority sector lending by the Banks in the State of Rajasthan for the year 2017-18, which is 14% higher than the credit projection made for the year 2016-17.
The credit potential was indicated in the State Focus Paper 2017-18 officially released by the Chief Guest Om Prakash Meena (IAS), Chief Secretary, Government of Rajasthan at the State Credit Seminar 2017-18 organised by NABARD, Rajasthan Regional Office at Hotel Clarks Amer on Wednesday.
Arnab Ray, Regional Director – Reserve Bank of India, N C Upreti, SLBC Convener cum General Manager, Bank of Baroda; Senior Officials from major Commercial Banks, Regional Rural Banks & Cooperative Banks were present in the Seminar.
Mrs Sarita Arora, Chief General Manager, NABARD said “the State Credit Plan was prepared with an aim to “double farmers’ income by 2022” as envisaged by the Prime Minister. Three new chapters on Doubling of farmers’ income by 2022, Skill Development and Climate Change were included in the State Focus Paper for 2017-18”.
The credit plan document, prepared in consultation with the government departments, banks, and other stakeholders lists allocation for various sectors for the year 2017-18.