National Bank for Agriculture and Rural Development (NABARD) has chalked out Rs 114,927 crore credit plan for agriculture in Rajasthan for fiscal 2015-16. This credit plan for Rajasthan’s agriculture and allied sectors will encompass all 33 districts in the state and the credit projection will grow by 39% compared to Rs 82,534 crore in the ongoing fiscal (2014-15).
The total outlay for agriculture sector has been assessed at Rs 88,269 crore which is also a driving force of Rajasthan’s economy. Of this, the share of crop loan and term loan is assessed at Rs 68,544 crore and Rs 19,725 crore, respectively.
NABARD has identified infrastructure gaps in the state with 155 projects worth Rs 3,020 crore, which could be financed under RIDF and other channels available with NABARD.
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