With 1.16 trln rupee agri credit potential in FY2017-18, NABARD attains new heights in Gujarat

GANDHINAGAR | AHMEDABAD | RAJKOT – National Bank for Agriculture and Rural Development (NABARD) organised the State Credit Seminar at Narmada Hall, Swarnim Sankul, Gandhinagar today, in the session NABARD derived an estimate credit potential of 1.16 trillion (1,16,354 crore) rupees for priority sector lending, which includes a credit flow of 719.83 billion (71,983 crore) rupees for agriculture for the State during in FY 2017-18 (Apr-Mar), the government press statement said.

The credit estimate presented in the State Focus Paper (SFP) 2017-18 brought out by NABARD which was released by Chiman Sapariya, Minister of Agriculture, Government of Gujarat.

Addressing the Seminar, Sapariya emphasized for all efforts to be made to double the farmers’ income by 2022. He highlighted the fact that Government of Gujarat has brought out its own Agri Business Policy for the next five years.

Sundar, Chief General Manager, NABARD, Gujarat Regional Office, highlighted the fact that, the estimated potential under crop loan stood at 500.83 billion (50,083 crore) rupees and 218.99 billion (21,899 crore) rupees under agricultural term loans for the year 2017-18.  Sundar too reiterated the call for doubling of farmers’ income by 2022.

IMG-20170303-WA0158Sanjay Prasad, Principal Secretary, Agriculture & Cooperation, Government of Gujarat, J K Dash, Regional Director, Reserve Bank of India, S Nautiyal, Chief General Manager, State Bank of India and State Level Banking Committe Convenor Mr Khichi, from Dena Bank also expressed their views on agri sector credit potential in the state and doubling farmers’ income in coming years.

During the seminar, awards were presented to selected banks, non-government organizations (NGOs) as well as individuals for doing significiant work in areas of SHG (Self Help Groups) – JLG (Joint Liability Groups) financing, tribal development, FPOs (farmer producer organizations), Farmers Club, FLC (financial literacy center) counsellors, Financial inclusion etc.

During the Seminar, two booklets titled “NABARD in Gujarat” and “NABARD in Districts of Gujarat” were also released. They contained a snapshot of the activities undertaken by NABARD in the state as well as success stories of the districts. State Credit Seminar was attended by Senior bankers, State Govt Officials and other stake holders.