Every year NABARD publishes the State Focus Paper. This time also NABARD has presented the State Focus Paper 2021-22. In the Paper, NABARD puts credit potential of the State for 2021-22 at Rs 8,699.09 crore and most of this amount is for Agriculture and allied sectors.
The State Focus Paper presents a comprehensive picture of credit potential that was estimated in various sectors of the rural economy as assessed in the Potential Linked Credit Plans (PLPs) in all the 8 districts of Tripura.
This State Focus Paper helps the State prepare State Budget.
With information on credit potentiality in various sectors and shortcomings available in the Paper, the Government can identify sectors that need maximum emphasis. Deputy Chief Minister Jishnu Dev Varma said this at a seminar on State Credit at Pragna Bhawan in Agartala on Wednesday. The seminar was organized by NABARD.
“The State Focus Paper is prepared by considering credit potential of primary sectors, MSME, Rural Housing, Education, SHGs. This gives valuable information for preparing Budgets and design plans”, Dev Varma commented.
Referring to the Union Budget, Dev Varma said, Union The government announced several proposals for the development of rural areas, socio-economic sectors and Banking sectors.
“Even in the wake of Covid pandemic, the Union Government increased the targeted bank loan amount to Rs 15 lakh crore for development Agriculture and allied sectors”, the Deputy Chief Minister said and added that in line with the budgetary proposals, the State Focus Paper had mentioned Rs 8,699.09 crore credit potentiality of the State in 2021-22 FY. “Out of this amount, Loan potentiality of Rs 4,318.29 crore was mentioned for Agriculture and allied sectors while Rs 1,121.87 crore for MSME and other sectors.
However, he also pointed out that it would be necessary to harness infrastructure of concerned sectors for realizing short-term and long-term loan potentiality by Banks and other Stakeholders.