Bhubaneswar: Nabard, the national agriculture bank has estimated that the credit potential of Odisha would be Rs90,395 crore in 2020-21 fiscal.

Nabard has released the State Focus Paper for Odisha at the State Credit Seminar for 2020-2, held here on Monday. The Focus Paper has projected an overall credit potential of Odisha under priority sector at Rs.90,395.69 crore for the year 2020-21.

The State finance minister Niranjan Pujari in his inaugural address emphasized upon the need for increasing the agriculture term loan finance in other allied sector activities such as animal husbandry, poultry, fisheries, leading to asset formation and diversification of the income basket of farmers. He also advised all the banks to increase their banking outreach in un-banked areas of the State in order to help the State government in effective implementation of various developmental programmes and also increase the scope of digital banking and FI across the State.

Finance principal secretary Ashok K.K.Meena complimented Nabard for highlighting the importance of agriculture and allied sector potential in overall credit potential of the state, as 2/3 rd of state population is dependent on agri and allied activities. He also advised all the commercial banks to increase Agri Term loan financing under various state govt programmes and especially under MMKUY. He urged upon the bankers to focus on FPO and JLG financing under Agri and allied sector and ensured full support of State Govt in working with banking sector in the state to improve the rural credit scenario.

M.K.Mall, Regional Director, RBI, A Chandrasekhar, CGM NABARD, Praveena Kala, CGM, SBI and Sanjay Kumar, GM SLBC and convener SLBC also spoke on the occasion.