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NABARD Tamil Nadu region aims ₹40,000 crore loan disbursals in FY22

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

NABARD disburses loans worth ₹27,104 crore Updated: Updated: Share Article AAA 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. Subscribe to Morning Filter & Evening Wrap newsletter Submit

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