Nabard pegs 20% hike in Odisha's credit potential, at Rs 90,395 cr

Credit potential in agriculture is 48% of total priority sector. Of this, 93% is estimated under farm credit consisting of crop loans and term loans for agriculture and allied activities

National Bank for Agriculture & Rural Development (Nabard) has pegged Odisha's credit potential at Rs 90,395.69 crore for 2020-21.

The credit plans enlisted in Nabard's State Focus Paper released Monday envisages an increase of around 20 per cent over credit projection of 2019-20. Out of the total credit potential for priority sectors, Rs 43,282.11 crore has been assessed under agriculture. Emphasis has been given to recalibrate the potential assessment keeping in view the recent trends in achievement of ground level credit.

Credit potential under agriculture constitutes 47.88 per cent of the total priority sector. Of this, Rs 40,227.79 crore (92.94 per cent)