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The National Bank for Agriculture and Rural Development, Andhra Pradesh regional office has crossed Rs 10,000 crore mark in loan disbursals.
“As a single institution, this is the highest-ever disbursal done by Nabard,’’ K.R. Nair, Chief General Manager, Nabard-AP, told newspersons here on Friday.
Loans given to the State Government and banks by Nabard grew 39 pc to Rs 12,867 crore during 2012-13. Of this, Rs 7,986 crore related to crop loans was given to farmers.
For the current financial year, Nabard has set a credit flow target of Rs 1.06 lakh crore in Andhra Pradesh, Nair added.
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