The credit-deposit ratio, or CDR, has steadily risen to 46.6 per cent as on September 2012 but it is still far lower than the national average of 76.5 per cent, Gogoi said at a meeting with the RBI Governor here last evening.
The Chief Minister said the availability of institutional credit per hectare of gross cropped area in the state is only Rs 2,626, while the all-India figure is much higher at Rs 15,379. Gogoi asked Subbarao to initiate suitable measures urgently to improve the institutional credit in the agriculture sector.
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