NABARD Announces Rs.1.22 Lakh Cr. Credit Outlay For 2016-17

13 January, Vijayawada

The NABARD announced Rs.1.22 lakh crore credit out lay for the priority sector in the state for the year 2016-17.

Addressing a seminar here Wednesday , organised by the NABARD with bankers and agriculture officials, NABARD General Manager Harish Java said that Rs.78,000 crore credit out lay for priority sector and Rs.55,300 crore for agriculture while Rs.23,500 crore would be the credit out lay for the agriculture allied sectors.

The credit out lay for MSME is Rs.18,800 crore, he informed. He said that the NABARD would allocate Rs.42 crore for the establishment mega aqua food park at Bhimavaram in West Godavari district.