'Maha to see priority sector credit flow of Rs 3L cr in FY17'

Maharashtra is likely to see priority sector credit flow of Rs 2,96,279 crore during fiscal 2016-17, NABARD said.
The aggregate projections of potential-linked credit plans (PLPs) of all the districts in Maharashtra reflect an estimated credit flow of Rs 2,96,279 crore during 2016-17 in priority sectors, a NABARD statement said.
The amount consists of credit flow in agriculture sector at Rs 81,468 crore, followed by rural non-farm sector at Rs 1,14,346 crore and other priority sectors at Rs 1,00,465 crore.
The projections were released by NABARD during a state credit seminar held here today.
Some of the major issues identified at the seminar were poor progress under agricultural term loans, need for creating storage space, accreditation of warehouses, development of post-harvest infrastructure for horticulture, Rupay Kisan Credit Cards (KCC), setting up of financial literacy centers by cooperative banks and RRB and development of critical rural infrastructure, among others.