Agri Business

41% rise seen in Bengal credit flow

Our Bureau Kolkata | Updated on March 09, 2011 Published on March 09, 2011

Credit flow in West Bengal during the financial year 2011-12 is expected to go up by 41 per cent from Rs 35,317 crore in 2010-11 to Rs. 49,638 crore, the National Bank for Agriculture and Rural Development (C) stated in its State focus paper (SFP).

The SFP, which forms the basis of annual credit plans and the district credit plans of different banks, was released by Nabard at its State credit seminar organised here on Wednesday.

According to the SFP, short term credit and term loan will account for nearly 68 per cent (Rs 33,655 crore) of the credit flow while credit requirements in the non-farm and other priority sectors are projected to grow to Rs. 8,981 crore and Rs 8,337 crore.

Published on March 09, 2011
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