NABARD projects Rs. 486.86 crore credit potential for rural Sikkim, now for the banks to deliver
Bankers in Sikkim now have at their disposal a detailed checklist on Sikkim’s credit potential in agriculture and allied sectors for 2015-16. With the new financial year yet to begin, more pressure should be exerted on banks here to align their credit policies in sync with what the National Bank for Agriculture and Rural Development [NABARD] has projected for Sikkim in its State Focus Paper 2015-16 which was released on 05 February.
As per this document, the total priority sector credit potential for Sikkim stands at Rs. 486.86 crores, of which, the share of agriculture has been calculated at Rs. 176.37 crore. These are handsome figures, and the State Focus Paper provides a detailed breakdown on where and how the loans can be extended.
As per this document, the total priority sector credit potential for Sikkim stands at Rs. 486.86 crores, of which, the share of agriculture has been calculated at Rs. 176.37 crore. These are handsome figures, and the State Focus Paper provides a detailed breakdown on where and how the loans can be extended.