NABARD projects a credit potential of Rs 32316.03 crore in which of the following states for the financial year 2021-22?

The correct answer is Assam. National Bank for Agriculture and Rural Development (NABARD) projects a credit potential of Rs 32316.03 crore for Assam for the financial year 2021-22, which is 15.46% higher than the previous year. Of the total projected credit potential, as much as Rs 17586.21 crore (55%) is towards Agriculture and Allied activities. Further, credit potential of Rs 10872.45 crore (34%) has been projected towards the MSME sector, while credit potential for Informal Credit – SHGs / JLGs have been pegged at Rs 1093.56 crore; Housing and Education Sector was projected at Rs 2403.32 crore. Additional Information The theme of the State Focus Paper 2021-22 is “Collectivization of Agricultural Produce for enhancing Farmer’s Income”. The Chief Minister complimented NABARD for organizing the State Credit Seminar and appreciated the Potential Linked Credit Plans and State Focus Paper which captures the available exploitable credit potential under the Priority Sector of the state’s economy, which were often used also as reference documents by the Banks and Government Agencies. The Chief Minister urged upon RBI, NABARD, SLBC Assam, banks, and Line Departments to work in tandem for improving institutional finance to this vital sector of the economy in an agrarian state like Assam. Assam Regional Office reiterated that NABARD is working towards achieving the twin goal of ‘Collectivization of Agricultural Produce’ and ‘Doubling the Farmers’ Income by 2022’. The Government of Assam has been continuously working to improve the rural infrastructure in the state to enhance both credit absorption capacity and credit demand in rural Assam. The State Focus Paper has critically examined the level of infrastructural development in the State and has highlighted the sector-wise infrastructural gaps for fast remedy. NABARD’s perception on the development perspective of the state was based on the need for enhanced Gross Capital Formation (GCF) in Agriculture, enhance production & productivity through an increase in credit to agriculture, implementation of Kisan Credit Card Scheme, Pradhan Mantri Fasal Bima Yojana (PMFBY), Agriculture Infrastructure Fund (AIF), Digitisation of SHGs through E-Shakti Project, mitigation of the adverse effect of Climate Change, Central Sector Scheme for the formation of Farmers’ Producer Organisations and augmentation of credit to MSME sectors. Banks to be farmer-friendly and step up financing of agriculture and allied sector to exploit the credit potential projected by NABARD in its State Focus Paper 2021-22. Concern about the low level of disbursements under Crop Loan in the State of Assam. Also, collectivization of agricultural produce by the small and marginal farmers is the need of the hour for a state like Assam where the agricultural landscape is dominated by small and marginal farmers.