NABARD Tamil Nadu region aims ₹40,000 crore loan disbursals in FY22
April 08, 2021
In FY21, NABARD Tamil Nadu’s loan disbursal grew by 87% to ₹27,104 crore
The National Bank for Agriculture and Rural Development (NABARD) Tamil Nadu region is planning to make ₹40,000 crore of loan disbursal in FY22, according to a senior official of the development bank.
During FY21, loans disbursed by Tamil Nadu Regional Office of the NABARD reached an all-time high of ₹27,104 crore, nearly doubling from ₹14,458 crore disbursed the previous year.
“In FY21, our loan disbursal grew by 87per cent to ₹27,104 crore. If the same level of growth sustains and co-operation from all stakeholders continues, we are confident of disbursing loans worth ₹40,000 crore in FY22,” S Selvaraj, Chief General Manager, NABARD, Tamil Nadu Region said here on Thursday.
NABARD disburses loans worth ₹27,104 crore
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The Tamil Nadu Regional Office of the National Bank for Agriculture and Rural Development (NABARD) disbursed loans to the tune of ₹27,104 crore in 2020-21, up 87% from ₹14,458 crore in 2019-2020 and touching an all-time high. According to a statement, the bank extended ₹4,042 crore in 2020-21 to the State government and its undertakings for creation of infrastructure.
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