Financial Daily from THE HINDU group of publications
Wednesday, Jan 05, 2005
Financial Daily from THE HINDU group of publications Wednesday, Jan 05, 2005 |
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Agri-Biz & Commodities
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Farm credit Nabard pegs AP credit potential at Rs 29,423 cr Our Bureau
Hyderabad , Jan. 4 NABARD has projected a credit potential of Rs 29,423 crore for agriculture and other sectors in Andhra Pradesh during 2004-05. This represents a growth rate of 30.5 per cent over the credit identified for the current fiscal. Inaugurating a State Credit Seminar on Tuesday, organised by the bank, the Finance Minister, Mr K. Rosaiah, said that the State Government was examining the recommendations made by the Commission on Farmers. He wanted the Government machinery and the bankers to make a co-ordinated effort to eradicate poverty in the rural areas. The Chief General Manager of Nabard, Mr J.R. Sarangal, said that the credit potential projected for agriculture and allied sectors during the next fiscal accounted for Rs 18,683 crore. In addition, an amount of Rs 4,156 crore had been projected for the non-farm sector, Rs 5,151 crore for other priority sectors and Rs 1,433 crore for financing self-help groups.
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