NABARD sets Haryana's credit potential at Rs 1.06 lakh cr

National Bank for Agriculture and Rural Development (NABARD) has set credit potential for Haryana at Rs 1.06 lakh crore for 2016-17, up by 19 per cent over the state credit plan for year 2015-16.
In the state focus paper 2016-17 which was launched here, the bankable credit potential under crop loan has been estimated at Rs 47,857 crore, contributing 45 per cent of the total priority sector credit estimates for Haryana.
The agricultural term loan credit (Investment Credit) potential, which supports capital formation, has been projected at Rs 22,885 crore (51 per cent growth over projections for 2015-16).
The credit projections for micro and small enterprises sector and other priority sectors were estimated at Rs 19,487 crore and Rs 16,102 crore, respectively.

Overall, the credit potential for agriculture and allied activities at Rs 70,742 crore account for 67 per cent of the total credit potentials estimated for Haryana for 2016-17, a NABARD official said here today.
On the occasion, state Finance Minister Captain Abhimanyu said that he had no doubt that state level credit projections of Rs 1,06,335 crore for the year 2016-17, for the state will be fully realized with active participation of the banks.
He urged banks and government departments to work together to translate the potential plan prepared by NABARD into a reality for the betterment of the farmers and rural masses of the state.