Nabard rolls out Rs 5,900 cr for area based plan in Odisha

Rural infrastructure lender National Bank for Agriculture and Rural Development (Nabard), has rolled out a sector specific plan to address the needs of the credit requirement in Odisha with an outlay of Rs 5,912 crore.

The 'Sectoral Development & Banking Plan' aims at providing comprehensive credit to six identified sectors. Out of total outlay of Rs 5,912.23 crore, the bank loan component is Rs 4,729.78 crore.

The six identified sectors are farm mechanisation, dairy development, fisheries development, poultry development, plantation and floriculture activities to be implemented in three years between 2016-17 and 2018-19.

"Capital formation in agriculture is a necessary pre-condition for enhancement