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Nabard pegs Rs 2.18 lakh cr credit potential for Punjab

CHANDIGARH: Nabard has projected Punjab’s credit potential at Rs 2.18 lakh crore for 2018-19, up 10% over the previous fiscal. The aggregate credit potential was Rs 1.99 lakh crore in 2017-18.

Tribune News Service

Chandigarh, January 17

Nabard has projected Punjab’s credit potential at Rs 2.18 lakh crore for 2018-19, up 10% over the previous fiscal. The aggregate credit potential was Rs 1.99 lakh crore in 2017-18.

The focus paper was released by Tript Rajinder Singh Bajwa, Minister for Rural Development & Panchayat, Punjab, yesterday.

Out of the total, the share of crop loan is estimated at Rs 93,813 crore, representing 43%. Sector-wise, potential is estimated under agriculture infrastructure (Rs 6,150 crore), agriculture ancillary (Rs 13,471 crore), agriculture term loan (Rs 22,091 crore), MSME loans (Rs 39,323 crore), export credit (Rs 15,160 crore), education loan (Rs 5,668 crore), and housing loan (Rs 14,503 crore).

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