NABARD sets moderated Rs 6k cr lending target for priority sectors for 2022-23

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Goaslendingpotential through priority sectors such asfarm credit,manufacturingandhousinghas been pegged at Rs 6,750 crore for the year 2022-23. Prepared by National Bank for Agriculture-notes-for-state-psc-exams”>Agriculture and Rural Development (), the state focus paper has projected that Goas Micro, Small and Medium enterprises (MSME) will requireloansto the tune of Rs 4,479 crore in the coming financial year, which is 66% of the loan projection.

NABARD officials said that the projections for 2022-23 have been moderated in order to project realistic targets for banks and in view of the economic

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slowdown caused by the pandemic.

Lending towards the agricultural sector through crop loans and agri term loans have been projected at Rs 515 crore and Rs 635 crore respectively.

Bankers and state policy makers agreed to work together to look into the issue of land ownership, which prevents many farmers from obtaining loans for agricultural purposes.