Nabard projects Rs 2,43,093 crore credit potential for Bihar in 2024-25

The National Bank for Agriculture and Rural Development (NABARD) has projected Rs 2,43,093 crore credit potential for Bihar in 2024-25. The likely estimate has been made taking into account the Reserve Bank of India's priority sector-based guidelines, Central and state government policies and policies for sustainable agriculture and rural development. The State Focus Paper 2024-25 for Bihar, a compilation of the assessed credit flow for all 38 districts of the state was unveiled by Development Commissioner Chaitanya Prasad at NABARD's credit seminar here on Tuesday. The total credit flow under the priority sector for the year 2024-25 is estimated at Rs 2,43,093 crore. Prasad said, "There is a need for credit intensification through specific planning for each of the sub-sectors under agriculture in the state. Credit plays an important role in economic development and employment generation in the state". Chief General Manager, NABARD, Sunil Kumar said that as on March 31, 2023, "Biha

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