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By Kaisar
Friday, February 27, 2009 (23:46:08), EST

Nabard Proposes Haryana Credit Estimates

An estimate by The National Bank for Agriculture and Rural Development (Nabard) has put credit potential under priority sector lending in Haryana at Rs 30,914 crore during 2009-10. Out of the projected credit, crop loan share amounts to Rs 17,002 crore, which is 55 percent of the total estimates. The financial commissioner of Haryana, Manik B Sanawane, said after releasing the State Focus Paper for the year 2009-10 during the state credit seminar organized by Nabard in Chandigarh.

Agricultural and allied sector term loan (capital formative investment credit) stands at 11.5 percent with Rs 3,568 crore, whereas non-farm sector (NFS) remains at 16 percent with Rs 4,892 crore. Other priority sector is estimated to have a share of Rs 5,452 crore, which is 17.5 percent of the total credit estimate.



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