NABARD projects Rs 1, 28,199.38 crore credit potential for Kerala
The National Bank for Agriculture and Rural Development (NABARD) has projected a credit potential of Rs 1, 28,199.38 crore towards priority sector lending by banks in Kerala for the year 2017-18.
The credit potential for the year 2017-18 is an increase of 7.38 per cent over the previous year.
The State Focus Paper 2017-18 indicates an exploitable credit potential of Rs 1, 28,199.38 crore towards priority sector lending by banks in the state.
Agriculture accounts for 45 per cent of the total credit potential, with the share of MSME and OPS being 31 per cent and 24 per cent of the total.
The paper projects crop loan to the tune of Rs 40443.74 crore and term loan for agriculture sector is estimated to be 11217.72 crore during the period.
In agriculture sector and the subsequent policy announcement by the Centre, the Paper has adopted the theme ‘Doubling of Farmers’ Income by 2022.
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