Credit Potential News Today

A NABARD report reveals Gujarats credit potential for priority sectors is Rs 3.53 lakh crore. The report proposes strategies to enhance credit absorption capacity through partnerships and policy interventions. AK Rakesh, Additional Chief Secretary, urges bankers to achieve the credit potential.

"Of the total, the share of agriculture sector including agri-infrastructure and ancillary activities is Rs.1.85 lakh crore (46 per cent), MSME sector is Rs.1.58 lakh crore (40 per cent) and other priority sector activities is Rs.0.54 lakh crore (14 per cent)," a statement issued by NABARD quoted him as saying.

The credit seminar was held on Thursday in Guwahati. Of the total projected credit potential, as much as Rs 21529.00 crore is towards Agriculture and Allied activities. Further, credit potential of Rs 19012.00 crore has been projected towards MSME sector, while credit potential for Informal Credit – SHGs / JLGs have been pegged at Rs 2204.00 crore; Housing and Education Sector was projected at Rs 2239.00 crore.

After a bankruptcy, for instance, its actually often easier to get a car then what you have bad credit -- >> why?! >> because if its after bankruptcy, all of your debts or most of them are probably gone. so that they know that you can actually, you know, pay for that car. when youre in like $30,000 in debt you know, sure, youre hanging on to it and maybe youre making some payments, but they can do math. and theyre like, youre not going to be able to do this. in my case, i did go through bankrupt...