ENA State 2025-02-17 14:08:55 <p><span style="font-size:14px"><strong>Ranchi, Feb 17 (KNN)</strong> The National Bank for Agriculture and Rural Development (NABARD) has outlined a substantial credit disbursement potential of Rs 88,303.77 crore for Jharkhand's priority sector in the forthcoming financial year, according to its recently released state focus paper (SFP).</span></p> <p><span style="font-size:14px">The comprehensive credit projection encompasses Rs 23,752.96 crore for agriculture and Rs 53,800.57 crore for micro, small, and medium enterprises (MSMEs). </span></p> <p><span style="font-size:14px">The plan further allocates Rs 10,750.24 crore to other priority sectors, including housing, education, export credit, renewable energy, social infrastructure, and financial support for self-help groups.</span></p> <p><span style="font-size:14px">In its agricultural outlook, the SFP advocates for crop diversification, particularly emphasising the cultivation of pulses, oilseeds, and high-value crops. </span></p> <p><span style="font-size:14px">The paper identifies significant potential for promoting coarse cereals, specifically finger millet in upland regions, while also highlighting opportunities in allied sectors such as dairy, fishery, and lac production.</span></p> <p><span style="font-size:14px">The MSME sector in Jharkhand currently comprises 15.88 lakh units, with micro enterprises constituting 99 percent of the total. </span></p> <p><span style="font-size:14px">The focus paper recommends leveraging the state's abundant mineral resources to establish new enterprises, potentially stimulating economic growth in the region.</span></p> <p><span style="font-size:14px">Addressing educational development, the paper emphasises the need to enhance student awareness regarding various loan schemes, including central government scholarships and credit guarantee funds for education loans. </span></p> <p><span style="font-size:14px">NABARD Chief General Manager S K Jahagirdar noted that despite Jharkhand's rich natural resources, its agricultural sector faces significant challenges, including low productivity, limited irrigation infrastructure, and inadequate market access.</span></p> <p><span style="font-size:14px">The annually prepared potential linked plan (PLP) serves as the foundation for state and district-level annual credit plans, providing comprehensive sectoral analysis and infrastructure requirements. </span></p> <p><span style="font-size:14px">Jahagirdar has urged all stakeholders, including banks, policymakers, and development agencies, to utilise the insights presented in the state focus paper to advance Jharkhand's economic development.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span><br /> </p> 41086 https://knnindia.co.in/news/newsdetails/state/nabard-projects-rs-88303-cr-credit-potential-for-jharkhands-msmes-agriculture-sectors 2025-02-17 14:08:55 knnindia.co.in