Nabard surpasses FY17 loan target by 50% in Odisha

Extends financial support of Rs 14,716 cr to state in 2016-17, against Rs 9,868 cr target

National Bank for Agriculture and Rural Development (Nabard) has extended financial support to the tune of Rs 14,716 crore to Odisha during 2016-17, an achievement of a staggering 149 per cent of the target of Rs 9,868 assigned to it for last fiscal.

The total financial support to the state government, banks, corporations and other agencies such as non-governmental organisations and producers' organisations during the fiscal under review, was up 76 per cent over Rs 8,368 crore disbursed during 2015-16.

Odisha has been one of the biggest beneficiaries of Nabard's Rural Infrastructure Development Fund (RIDF) under which loans are extended to the