Nabard assesses bank-credit potential of Rs 13,683 cr in JK

Nabard has prepared Potential- Linked Credit Plans for different districts of Jammu & Kashmir and assessed bank credit potential at Rs 13,683.13 crore for the state during 2015-16.
"To facilitate banks and the state government, Nabard has prepared Potential Linked Credit Plans for all districts of the state and assessed bank credit potential at Rs 13683.13 crore for J&K state during 2015-16," Nabard (J&K) Chief General Manager Shankar A Pande told reporters here today.
"Strategy to enhance the credit support to priority sectors was discussed in a state credit conference here recently," Pande said.
A draft survey has been under taken by Nabard on various potential areas of credit setup and draft report has been prepared, he said adding once it is complete it will be given to the state government.

On the issue of national calamities like recent floods, Pande said that a survey was conducted in which it came to fore that there is need for crop insurance or agri insurance in view of huge losses suffered to crops or agriculture- horticulture sector in the state during last year's floods.
The government has also been impressed to lay thrust on crop insurance in this regard, he said adding this will ensure risk coverage.
NABCONS, the consultancy arm of NABARD, continued to extend technical assistance to the state government for third party monitoring of various infrastructure projects under Plan funds, Border Areas Development Programme (BADP) and Forestry Development Projects during 2014-15 and secured new contracts for Rs 91 lakh and executed assignments for Rs 296 lakh.

Nabard also conducted studies in crop insurance in the state and livelihood mapping in Doda district, he said.