The National Bank for Agriculture and Rural Development (NABARD) has proposed Rs 16,125 crore for Himachal Pradesh for the financial year 2016-17.
Chief General Manager (CGM) P Radhakrishnan said “The plan has been prepared by taking into account achievements and long-term potentials, available infrastructure/support services, the health of financial institutions and credit absorption,”
The CGM added that the credit plan for agriculture and associated sector was projected at Rs 6,989 crore and for micro, medium and small enterprises at Rs 5,137 crore and other priority areas, including exports, housing loan, social infrastructure loan, education loan, etc . at Rs 3,998 crore.
Himachal Horticulture Minister Vidya Stokes told that the execution of the plan would give a boost to the rural economy. She also acknowledged NABARD associate for their notable accomplishments under Farmers Club Programme, Self Help Group (SHG) Bank Linkage programme and financing programme.