Banks asked to up agriculture credit

Patna | Friday | 18th January, 2019

Summary:

Therefore, bankers should increase lending in the agriculture sector and its allied areas which have the capacity to absorb loan. Technically, based on discussions held with the stakeholders on the credit potential, the actual annual credit plan is prepared making sectoral allotments for credit lending to farmers and others concerned in the priority sector.Majumdar said the stress of the focus paper was on ‘sustainable agriculture practices’. The ‘state focus paper’ that assessed the credit potential of the state for 2019-20 was also unveiled at the meeting organised by Nabard. PATNA: Deputy CM Sushil Kumar Modi on Thursday said the National Bank for Agriculture and Rural Development (Nabard) and other banks should make increased credit lending activities in the agriculture sector in the next fiscal, as it was the only area that could absorb loan since the state did not have big industrial units.“It is true that we don’t have big industrial units. The ACP for 2018-19 was Rs 93,000 crore..