IANS | 14 Jan, 2024
NABARD has projected a Credit Potential of Rs 2.37 lakh crore under
priority sector to be financed by all banks in Kerala for the 2024-25
financial year.
This was discussed at the State Credit Seminar conducted by NABARD under the chairmanship of Kerala Chief Secretary, Dr V. Venu.
At
the meeting attended by various bankers and numerous departmental
heads, it was found out that the agriculture sector constituted 52 per
cent of the total projection for priority sector.
To boost the
agriculture sector, NABARD suggested to improve the adoption of
technology in agriculture, usage of drones, measures to tackle
man-animal conflict, uniform leasing policy for water bodies.
However,
realisation of the potential requires critical interventions in areas
like digitisation of land records, formation of cooperatives in
processing, marketing and also under agro industries sector, ensuring
soil health.
Cards to all farmers, solutions for man-animal
conflicts, mechanisation of dairy sector, avoiding delay in licensing
and clearance for MSME projects.
Venu appreciated the role of
NABARD in development of the state by extending timely credit to the
rural financial institutions, financial support at lower rate of
interest for creation of rural infrastructure and various other
developmental interventions.
“The banking fraternity has to be
thanked for supplementing the efforts of the State Government in
bringing about rural prosperity and development of the state,” said
Venu.
A booklet, titled “Enhancing the Millet”, which is a
compilation of all the activities undertaken by the NABARD Kerala
Regional Office for the promotion of millets, was also released during
the function.
Dr B. Ashok, Kerala Agricultural Production
Commissioner, highlighted the importance of improving the investment
credit in agriculture and thereby capital formation besides pointed out
the need for value addition in the agri and non-farm sector products.
Dr
Gopa Kumaran Nair, CGM, NABARD-Kerala, pointed out activities of NABARD
towards providing short term and long term refinance to Cooperative
banks and RRB.
Nair also pointed out NABARD’s mark in widening its
overall developmental spectra in the state through support of Farmer
Producer Organisations, SHGs, climate change mitigation measures, tribal
development programme, watershed development programme and soil
conservation measures.