Odisha can borrow 2Lakh cr for 2024-25
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Bhubaneswar: The National Bank for Agriculture and Rural Development (NABARD) projected a credit potential of Rs 2 lakh crore for Odisha for the 2024-25 fiscal, a rise of 25.19 per cent from the year-ago period. During a state credit meeting on Tuesday, a State Focus Paper prepared by NABARD was released, officials said.
“NABARD projects an overall credit potential under the priority sector at Rs 2,00,608 crore for the year 2024-25, which is an increase of 25.19 per cent over the previous year (2023-24),” a statement said. The NABARD had projected an overall credit potential of Rs 1,60,280 crore for 2023-24.
The credit potential for agriculture and allied activities is estimated at Rs 73,975.84 crore, the statement said. NABARD’s chief general manager Sudhanshu KK Mishra said concerted efforts were required to achieve the targets for the current year and increase the credit flow to the priority sector in Odisha. He said that NABARD would make all efforts to work with the state government for the development of Odisha.
