January 15, 2018: In a seminar titled, “State Credit Seminar”, NABARD today launched Area Development Schemes on Agri-allied activities. The seminar was organized by NABARD and held in Agartala. Also a ‘State Focus Paper’ (SFP) 2018-19 was launched. As a part of the Credit Planning exercise, NABARD has projected a credit disbursement potential of Rs 4429.78 crore by banks for all the eight districts of Tripura for the year 2018-19.
Speaking on the occasion, General Manager, NABARD, Tripura Regional Office, Sunil Kumar focused on NABARD’s view on development of the state and said, ‘The three essential components of growth – investments, infrastructure and institutions, which are closely related, if linked meaningfully, can give the necessary impetus to investments resulting in overall development of the state.’
Stressing on Area Development Scheme, he requested the banks to make use of the Schemes that were prepared on few Agri-allied activities, like Integrated Homestead Farming, Fisheries, Piggery Dairy Development etc for increasing Agriculture financing. He also requested banks to extend finance under the scheme of Agri-Clinic and Agri-Business Centres (ACABC) to trained agri-graduates to strengthen agri-extension and other services to farmers.
Among others, State Special Secretary (Labour), K.D. Choudhury, AGM — Rajesh Datta, DGM — K. Venugopal and Assistant Manager, Kishore Rava were present in the seminar.
In his speech KD Choudhury said, “Indian economy, despite various constraints, is likely to be fastest growing economy in 2017-18. With close to 7% growth during the last 3 years, India stands out as an investment heaven for Foreign Institutional Investors (FIIs) due to macro-economic stability and an outpost of opportunity amidst weaker external environment. The inflation remained quiescent hovering within the RBI’s target range of 4-6%”.
