NABARD assesses Rs 66,500 cr credit potential for current fiscal


Bhubaneswar: National Bank for Agriculture and Rural Development (Nabard) has assessed a credit potential of Rs 66,500 crore for Odisha under priority sectors for the current financial year.

On the 36th foundation day of Nabard, Finance Minister Shashi Bhusan Behera said, the State Level Bankers Committee (SLBC) has already prepared the targets for credit deployment by banks and called upon commercial banks and Government departments to achieve the credit plans to secure sustainable and inclusive growth.

Appreciating the role of Nabard in the State, Behera urged the National bank to take awareness programmes on financial management, water and soil conservation etc in a proactive manner.

The Minister said, the State’s economy is striding through a growth trajectory in the recent years and Odisha has been able to achieve respectable growth rates, raising the per capita income and human development index.  He also emphasized on the growth of connectivity, rural development, SHG bank linkages and other similar economic indicators.

“Nabard has performed well in the field of creation of infrastructure, development of irrigation projects, strengthening of cooperative institutions in the construction of godowns, SHG bank linkage programmes, tribal development programmes and support to improve the livelihood,” Behera said.


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