NABARD projects Rs 27,989cr credit potential for Assam in FY21

Guwahati, Feb 17 () The National Bank forAgriculture and Rural Development (NABARD) has projected acredit potential of Rs 27,989.04 crore for Assam in the 2020-21 fiscal.

The projection is 17 per cent higher than the previousyear with the share of agriculture and allied activitiesaccounting for nearly 61 per cent, according to NABARD's'State Focus Paper 2020-21' released by Assam AgricultureMinister Atul Bora here on Monday.

The sector-wise potential estimated for Assam includeRs 10,678 crore for crop production, Rs 6,175.18 crore towardsagriculture and allied activities, Rs 7,704.71 crore for MSMEsector, and Rs 2,665.52 crore for education, housing, socialinfrastructure, renewable energy and export credit.

The minister, however, expressed his concern over"declining" credit to agriculture and urged RBI, NABARD andother banks to work in tandem for improving institutionalfinance to this sector in an agrarian state like Assam.

NABARD Chief General Manager S S Saha said was workingtowards achieving the twin goal of doubling Farmers' Income by2022 and maximising high tech agricultural practices. DGRBT RBT