MP priority sector has credit potential of ₹3.75 trillion: Nabard

Nabard estimates priority sector loan potential in Madhya Pradesh at ₹3.75 trillion for 2026-27, about 20% higher than last year, led by agriculture and MSMEs

The National Bank for Agriculture and Rural Development (Nabard) has estimated loan potential of ₹3.75 trillion in the priority sector in Madhya Pradesh for 2026–27, about 20 per cent higher than last year’s ₹3.13 trillion.

 

According to the State Focus Paper presented by Nabard at the State Credit Seminar organised in Bhopal, of the estimated credit potential of ₹3.75 trillion, the maximum loan of ₹2.08 trillion has been earmarked for the agriculture sector, ₹1.46 trillion for micro, small and medium enterprises (MSMEs), and the remaining ₹20,371 crore for export credit, education, housing, social infrastructure, renewable energy and other priority areas.

 

Addressing the seminar, Madhya Pradesh’s Cooperative Minister Vishwas Sarang praised Nabard’s contribution to the agriculture and rural development sectors of the state and assured all possible support. Sarang said, “Last year, the government provided ₹500 million each to six cooperative banks in the state so that they could overcome the financial crisis. The government’s plan is to eliminate their financial weakness (to wipe out their NPAs) within the next two years.”

 

He said the rural economy has a crucial role in fulfilling Prime Minister Narendra Modi’s goal of a developed India, and Nabard, along with state cooperative banks, will play an important role in strengthening the rural economy.

 

On the occasion, Nabard Madhya Pradesh’s chief general manager, C Saraswati, highlighted the role of institutional credit in increasing farmers’ productivity, promoting agri-tech innovations and accelerating the rural economy.