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The Hindu
The Hindu
National
The Hindu Bureau

FORGOTTEN HISTORY: Nabard pegs a p credit potential for priority sectors at 3 55 lakh crore - Caught on Camera

NABARD Andhra Pradesh RBI

The National Bank for Agriculture and Rural Development (NABARD) has projected a credit potential of ₹3.55 lakh crore under priority sectors for Andhra Pradesh for 2024-25. It is an increase of 24% over the potential assessed for financial year (FY) 2023-24. 

Agriculture Minister Kakani Goverdhan Reddy released a focus paper of NABARD on A.P., at the Secretariat at Velagapudi near here on Monday.

NABARD has assessed the credit potential for the agriculture sector as ₹2.04 lakh crore, which accounts for 58% of the total potential. A crop loan potential of ₹1.36 lakh crore has been identified. The potential for agriculture and allied term loan has been assessed at ₹68,341 crore, for the MSME sector at ₹88,481.62 crore and ₹62,355 crore under other priority sectors.

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