The National Bank for Agriculture and Rural Development (NABARD) on Friday announced Rs1.41 lakh crore credit plan for Punjab. Unveiling the plan, Punjab Chief Secretary Sarvesh Kaushal said that this credit plan reflects the resurgent economy of Punjab that was leaping towards accelerated growth due to focus on infrastructure and agriculture sector during last seven years.
Kaushal, presiding over a seminar on accelerating the pace of capital foundation in agriculture and allied sectors, said that NABARD, in association with Government and banking sectors, has supplemented State’s developmental activities in farm and non-farm sectors.He appreciated the role played by NABARD in addressing credit needs and various developmental interventions especially in rural areas. He also appreciated the bankers for achieving the targets set in earlier years.
Kaushal sought cooperation of financial institutions in liberal financing to rural youth so that the issue of migration from rural to urban areas was addressed. He also appreciated the role played by the financial institutions for covering all the households under Pradhan mantra Jan Dhan Yojna.Unveiling the State Focus Paper projecting a credit plan of Rs1,41,284 crore prepared by NABARD, Kaushal said that it reflects the aggregate potential available under various sectors or sub-sectors.
