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Our Bureau

Hyderabad , April 19

The credit support to Andhra Pradesh from Nabard (National Bank for Agriculture and Rural Development) has gone up to Rs 4,798.52 crore during 2005-06, showing a growth of 37.85 per cent over the previous year's figure.

The financial support during 2005-06 included Rs 2,103 crore as production credit support to banks, Rs 751.71 crore as investment credit support to banks and Rs 1,367.57 crore as RIDF (Rural Infrastructure Development Fund). The bank gave Rs 576.32 crore to rural banks and cooperatives for liquidity refinance needs.

According to a Nabard press release, the RIDF loans at Rs 1,367.57 crore were the highest in the country, forming 16 per cent of the total sanctions under the scheme.

The cumulative sanctions and disbursements under the RIDF scheme in the State were Rs 7,383.26 crore and Rs 4,266.80 crore respectively.

More Stories on : Rural Development | Agricultural Institutions | Andhra Pradesh

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