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The paper outlays a total credit potential of Rs 2963.17 crore for Priority Sector activities in the state of Manipur as defined by the Reserve Bank of India, stated a release .
National Bank for Agriculture and Rural Development (NABARD) projects a credit potential of Rs 45,957 crore for the state of Assam for the financial year 2024-25 in the State Credit Seminar held on...
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.
The erratic pre-monsoon rainfall pattern coupled with unbearable heat has signalled more unpredictability in the climatic conditions in Assam and other states in the northeast region.
The Credit Deposit ratio in Assam has in creased to 57.5% but continues to be quite less than the all India average of 75%. The CD ratio in several districts is less than 40%