Sunday, April 18, 2010

Rs 5,892.86 cr credit potential in Uttarakhand

TAFF WRITER 15:53 HRS IST

Dehradun, Apr 16 (PTI) Uttarakhand has a credit potential of Rs 5,892.86 crore, with a substantial requirement in agriculture and other sectors, according to an estimate by NABARD.

As per the estimates prepared by the NABARD, out of the total credit potential, Rs 1,700.24 crore is for crop loans, Rs 886.28 crore for long-term investments in the agriculture sector, Rs 1,159.98 crore for the non-farm sector, including agro and food processing, and Rs 2,147.26 crore for other priority sectors, the Chief General Manager of NABARD's regional office, Prasant Das, told reporters here today.

Highlighting the achievements of NABARD in Uttarakhand, Das said a loan of Rs 220.54 crore was provided to the state government against the target of Rs 150 crore in the 2009-10 fiscal for creation of rural infrastructure under the Rural Infrastructure Development Fund (RIDF).

He said various projects amounting to Rs 426.

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