Live
- ‘Get Set, Grow Summit 2024’ Focuses on Digital Detox for Families
- Stokes motivates his team to put in extra effort, says England pacer Potts
- From overcoming setbacks to leading India in U19 Women’s Asia Cup, Niki Prasad's amazing journey
- Driving Enterprise Security: Inside Venkata Reddy Thummala’s Leadership Journey
- Constitution debate: PM Modi hails 'Nari Shakti'; makes strong pitch for 'United Bharat’
- Abhijeet Bhardwaj: Revolutionizing Enterprise Analytics with Innovation and Expertise
- Bihar: Inquiry initiated against principal who went to buy veggies during school hours
- Press Sri Lankan Prez for release of Indian fishermen: TN Cong MP to EAM Jaishankar
- TN: DMK postpones executive meet due to heavy rains & Parliament session
- Porous silicon oxide electrodes can fix durability issues in batteries: Researchers
48,176-crore agri credit plan for Telangana
The National Bank for Agriculture and Rural Development (Nabard) has unveiled Rs 48,176 crore credit plan estimates for the year 2015-16 for Telangana. The credit plan was unveiled at the State Credit Seminar held here on Friday in the presence of Finance Minister Eatala Rajender and Irrigation Minister T Harish Rao.
It is 19 per cent higher than the current plan
Hyderabad: The National Bank for Agriculture and Rural Development (Nabard) has unveiled Rs 48,176 crore credit plan estimates for the year 2015-16 for Telangana. The credit plan was unveiled at the State Credit Seminar held here on Friday in the presence of Finance Minister Eatala Rajender and Irrigation Minister T Harish Rao.
Addressing the seminar, the Finance Minister welcomed the credit plan estimates and said the new State would need proper funding for taking up various development activities. He urged the banks to adopt an innovative approach for the comprehensive development of agriculture sector in the State.
Besides providing loans, the banks should also guide farmers on their proper utilisation. Said steps should be taken to ensure that farmers get proper returns for their crops. Harish Rao said the irrigation and the marketing facilities were equally important for farmers. He informed that the State government was planning to help the farmers by providing them interest-free loans under the Rythu Bandhu Scheme and godowns were also being upgraded.
Nabard Chief General Manager Jiji Mammen informed that the credit estimate for the newly formed State was 19 per cent higher than the credit plan. He said the credit potential of Rs 48,176 crore under the priority sector lending includes crop loans (short term working capital) at Rs 25,780 crore, agricultural term loans at Rs 9,400 crore, loans to micro small & medium enterprises (MSME) sector at Rs 5,554 crore and loans to other priority sector (OPS) at Rs 7,441 crore.
