NABARD projects Rs 1414.81 cr potential credit outlay for Nagaland

NABARD projects Rs 1414.81 cr  potential credit outlay for Nagaland

Dimapur, March 22: The National Bank for Agriculture and Rural Development (NABARD) has projected an overall credit potential of Rs 1414.81 crore under priority sector for Nagaland for 2018-19.
The projection was made in the State Focus Paper for Nagaland launched by T. Imkonglemba Ao, IAS, Principal Secretary and Agriculture Production Commissioner (APC) at the annual State Credit Seminar of NABARD for 2018-19 held on March 21 at Hotel Japfu, Kohima.
Launching the State Focus Paper 2018-19, Imkonglemba Ao, IAS said Nagaland has achieved sustainability in all food crops, except for rice which is the staple food of the State. The APC emphasized the importance of soil health card, KCC, cluster approach and capital formation for sustainable development of agriculture and allied sector. He welcomed the bankers to work in partnership with officials of the line departments so as to increase the credit flow to Priority Sector and also in increasing the farmers’ income.
In his address, S K Dhumal, General Manager, NABARD explained the process of preparation of district level potential linked credit plans (PLPs), State level credit potentials and the significance of the document in credit planning of the State. He presented the State Focus Paper for 2018-19 which envisages a potential credit outlay of Rs 1414.81 crore under priority sector in the State for 2018-19. He highlighted the developmental financial assistance to the tune of Rs 812.85 crore provided by NABARD to the State Government for infrastructure development under Rural Infrastructure Development Fund (RIDF).
Further, during the current year, he stated that under the National Adaptation Fund for Climate Change (NAFCC), set up under the Ministry of Environment, Forest & Climate Change, GoI, NABARD as the National Implementing Entity (NIE) facilitated the sanction of a project on “Gene Pool Conservation of Indigenous Rice Varieties under Traditional Integrated Rotational Farming System (Jhum Optimisation) for Promoting Livelihood and Food Security as Climate Change Adaptation Strategy in Nagaland” at a total cost of Rs 2466.69 lakh. This is the first project sanctioned to Nagaland under NAFCC.
(Page News Service)