Total credit potential for Chhattisgarh state during 2022-23 pegged at Rs 39170 crore

Raipur: State Credit
Seminar was organized recently at the Regional Office of National Bank for
Agriculture and Rural Development (NABARD), Nava Raipur. Agriculture and Water
Resources Minister Ravindra Choubey was present as chief guest on the occasion.
The minister released ‘State Focus Paper 2022-23’ and a book on “NABARD in
Chhattisgarh”.

Agriculture Production
Commissioner Dr. Kamal Preet Singh, Water Resources Secretary Anbalagan P., and
Regional Director, RBI, Raipur A. Sivagami also attended the seminar.

Addressing the seminar,
Agriculture Minister Ravindra Choubey said that many innovative schemes have
been started by the Chhattisgarh Government to strengthen the agriculture
ecosystem and improve the economic condition of farmers in the state. As a result, significant progress can in the field of agriculture in the state in these last
three years. New positive changes are being seen. He added that Chhattisgarh is
an agricultural state with a livelihood of about 75 per cent of the population
dependent on agriculture.

“The development of agriculture
is necessary for the overall development of the state. Under the leadership of
Chief Minister Mr. Bhupesh Baghel, the work of strengthening the agriculture
ecosystem and boosting the rural economy is being done at a fast pace. Processing
industries related to agriculture and minor forest produce are being set up
continuously across the state. Keeping this in view, I appeal to the banks to
increase the ground level credit flow in the state”, the minister said.

Agriculture Minister
Ravindra Choubey appreciated NABARD‘s efforts for its financial assistance and
developmental interventions and assured the State Governments commitment in
this regard.  On this occasion, he
especially urged all cooperative banks to set up at least 5 ATMs in their
respective branch areas so that consumer farmers can easily withdraw funds.

NABARD Chief General
Manager Dr. D. Ravindra highlighted the formulation of the Annual Credit Plan
by Banks in Chhattisgarh and the initiatives taken by NABARD in infrastructure
development, promotional and developmental activities in the state. It was
informed in the seminar The total credit potential under the Priority Sector is
estimated at Rs. 39170 crore for the year 2022-23, of which share of
agriculture is Rs. 21805 crore. In respect of MSME Sector, a potential of Rs.
12556 crore has been assessed.