Credit hike to lift rural economy

Patna, Feb. 9: Nabard has earmarked Rs 40,829 crore as the credit requirement for agriculture and other priority sectors in Bihar for the financial year beginning April 1.

This was today decided at a seminar on the state's credit policy, where stakeholders approved the Nabard's "focus paper" for Bihar (2013-14).

Deputy chief minister Sushil Kumar Modi, who chaired the inaugural session of the seminar, said Nabard has estimated a credit potential of Rs 40,829 crore as part of the priority sector for the 2013-14 fiscal ' a rise of 22 per cent from last year's credit potential of Rs 33,400 crore.

He asked the banks to take help of panchayati raj institutions, primary agriculture cooperative societies and self-help groups in giving loans. People taking loans through these institutions have retur-ned the amounts, Modi said.

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