Question 331

NABARD estimated how many percent of Assam's credit potential will increase?

Answer

9%

Why?

Correct answer is 12% Key Points NABARD estimated 12% increase in Assam's credit potential for FY 23 National Bank for Agriculture and Rural Development has projected a 12% increase in Assam's credit potential to Rs 36,292 crore for the 2022-23. Around 52%of the total projected credit potential is estimated for the agriculture and allied activities, and a 36%share for the MSME sector. It will be used as a base for preparation of the annual credit plan for priority sector lending by financial institutions for FY23 . In absolute terms, a credit potential of Rs 18,755 crore is projected for the agriculture and allied activities, Rs 12,952 crore for micro, small and medium enterprises, Rs 1,388 crore for the informal segment and Rs 3,197 crore for housing, educational and other sectors.