NABARD estimates credit potential of Odisha at Rs 1,34,665 crore for 2022-23 FY


Bhubaneswar, January 11: The National Bank for Agriculture and Rural Development (NABARD) on Tuesday released State Focus Paper for Odisha projecting an overall credit potential under priority sector at Rs 1,34,665 crore for the financial year 2022-23.

The NABARD has conducted the State Credit Seminar for 2022-23 here, which was inaugurated by Finance Minister Niranjan Pujari.

Development Commissioner PK Jena, Agriculture Production Commissioner (APC) Sanjeev Chopra, Principal Secretary, Finance, Vishal Kumar Dev, Fisheries and Animal Husbandry Secretary R Raghu Prasad, RBI Regional Director HN Panda, SLBC Convenor Arupananda Jena and heads of several banks and government departments attended the meeting.

Further, all the District Collectors, Lead District Managers and NABARD District Development Managers were connected virtually in the seminar.

The projected credit flow for the State of Odisha is 21.61% more than the credit projection of 2021-22. Out of the total credit potential for the priority sector, an amount of Rs 52,050.78 crore has been assessed under agriculture. Emphasis has been given to recalibrate the potential assessment keeping in view the recent trends in achievement of ground level credit.

NABARD CGM C Udayabhaskar said that concerted efforts need to be made for achieving the set targets for the current year and increase the credit flow to priority sector.

APC Sanjeev Chopra asked the bankers and line departments to introspect, revisit the strategies required for upscaling the credit flow and for removing the operational impediments in the growth of credit to the priority sector. BALARAM needs total relook and positive support from Banks, he said.

Development Commissioner Jena said that Odisha has been growing faster and better and Banks have to improve the quality of lending. He advised all district collectors who are Heads of DCC that all efforts have to be put to achieve the current year targets.

On this occasion, FPO Abhiyan for strengthening the FPOs, Sanitation Campaign Phase II for spreading the usage of toilets, building new toilets etc were launched apart from digital media tools on Financial Inclusion developed by NABARD.

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