NABARD Projects Rs 98,872 Cr Credit Potential For Jharkhand, MSMEs Get Top Share

Ranchi, Mar 25 (KNN) The Jharkhand state unit of National Bank for Agriculture and Rural Development (NABARD) has projected a potential bank credit of Rs 98,871.67 crore for priority sectors in 2026–27.

The MSME segment accounts for the largest share, according to the State Focus Paper released at a State-Level Bankers’ Committee meeting.

MSMEs Lead Credit Allocation Across Sectors

NABARD Chief General Manager Deepmala Ghosh said the State Focus Paper provides a realistic assessment of sectoral potential and credit requirements, helping align institutional finance with local priorities and enabling banks and stakeholders to plan interventions effectively for balanced and sustainable development.

The MSME sector has been allocated Rs 57,842 crore, representing around 58.5 percent of the total credit potential. The projection reflects the sector’s central role in industrial growth and employment generation, with expansion opportunities linked to mineral-based industries, manufacturing hubs, traditional sectors, and government initiatives such as Stand Up India.

Agriculture And Other Sectors See Significant Allocation

As per the report, agriculture and allied sectors are expected to receive Rs 30,599.97 crore, accounting for about 31 percent of the total projected credit.

This includes Rs 14,366 crore for crop loans, Rs 13,734 crore for term loans to agriculture and allied activities, and Rs 2,499.16 crore for agriculture infrastructure and ancillary segments.

Other priority sectors, including housing, education, export credit, renewable energy, self-help groups, and social infrastructure, are projected to receive Rs 10,429 crore, accounting for about 10.55 percent of the total.

Credit Disbursement Trends In Recent Years

The paper also highlighted recent trends in credit achievement. In 2022–23, disbursements exceeded the target of Rs 36,636 crore, reaching Rs 40,671 crore.

A similar trend was observed in 2023–24, with Rs 49,975 crore achieved against a target of Rs 47,985 crore. However, in 2024–25, disbursements stood at Rs 52,569 crore against a higher target of Rs 70,000 crore.

(KNN Bureau)