Credit potential for Punjab up by 20 pc to Rs 1.16 lakh cr

National Bank for Agriculture and Rural Development (NABARD) today projected credit flow for Punjab at Rs 1,16,100 crore for 2014-15, which is 20 per cent more than what it was projected for current fiscal.
Out of total credit potential, the crop loan had maximum share at Rs 60,219 crore (52 per cent share), term loan at Rs 13,689 crore (19 per cent), MSME at Rs 18,187 crore (9 per cent) and other priority sector at Rs 24,005 crore (18 per cent), NABARD Chief General Manager Naresh Gupta said here.
For 2013-14, the credit flow was projected at Rs 96,344 crore for Punjab.

To improve the credit absorption capacity of various sectors, potential for these sectors has been assessed, which will in turn help the banks to plan their credit flow during 2014-15, he said.
Credit projections for other sectors were kept at Rs 2,978 crore for dairy development, Rs 1,217 crore for storage/ market yards, Rs 2,235 crore for farm mechanisation, Rs 1,024 crore for land development, Rs 595 crore for irrigation, Rs 591 crore for poultry.