Uttarakhand's credit potential Rs 5, 892 cr

Uttarakhand's credit potential Rs 5, 892 cr - NABARD

Substantial requirement in agriculture and other sectors

PTI | April 16, 2010

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 426.18 crore were also sanctioned during the year. Some of the important sectors under which projects have been sanctioned include rural roads (250 projects), minor irrigation (128), rural bridge construction (53) and mini-hydel (4 projects), he said.

Das said NABARD has so far sanctioned Rs 1,191.43 crore and disbursed Rs 850.40 crore under the RIDF in the state. A total length of 3,274 km of roads has been created so far, besides 787 metres of bridges, for connecting 3,357 villages in the state, he said.

Comments

Other News

‘Oral cancer deaths in India cause productivity loss of 0.18% GDP’

A first-of-its-kind study on the economic loss due to premature death from oral cancer in India by the Tata Memorial Centre has found that this form of cancer has a premature mortality rate of 75.6% (34 premature events / 45 total events) resulting in productivity loss of approximately $5.6 billion in 2022

Days of Reading: Upendra Baxi recalls works that shaped his youth

Of Law and Life Upendra Baxi in Conversation with Arvind Narrain, Lawrence Liang, Sitharamam Kakarala, and Sruti Chaganti Orient BlackSwan, Rs 2,310

Voting by tribal communities blossoms as ECI’s efforts bear fruit

The efforts made by the Election Commission of India (ECI), over last two years, for inclusion of Particularly Vulnerable Tribal Groups (PVTG) communities and other tribal groups in the electoral process have borne fruit with scenes of tribal groups in various states/UTs participating enthusiastically in t

GST revenue for April 2024 at a new high

The gross Goods and Services Tax (GST) collections hit a record high in April 2024 at ₹2.10 lakh crore. This represents a significant 12.4% year-on-year growth, driven by a strong increase in domestic transactions (up 13.4%) and imports (up 8.3%). After accounting for refunds, the net GST

First Magahi novel presents a glimpse of Bihar bureaucracy a century ago

Fool Bahadur By Jayanath Pati (Translated by Abhay K.) Penguin Modern Classics, 112 pages, Rs 250 “Bab

Are EVs empowering India`s Green Transition?

Against the backdrop of the $3.5 billion Production-Linked Incentive (PLI) scheme launched by the Government of India, sales of Electric Vehicles (EVs) are expected to grow at a CAGR of 35% by 2032. It is crucial to take into account the fact that 86% of EV sales in India were under the price bracket of $2