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Nabard projects 16% jump in priority sector lending potential in Bengal

By Business Standard - 10 months ago
The National Bank for Agriculture and Rural Development (Nabard) on Saturday projected a robust double-digit growth in priority sector lending potential of Rs 3.15 lakh crore in West Bengal for 2024-25. Nabard's Chief General Manager Usha Ramesh unveiled the West Bengal state focus paper on Saturday alongside bankers, State Chief Secretary B P Gopalika, and other officials. The paper projects a priority sector lending potential of Rs 3.15 lakh crore in Bengal in 2024-25, marking a 16 per cent increase from the previous fiscal year's figure of Rs 2.70 lakh crore. In the first quarter of the current fiscal year, priority sector lending in the state amounted to Rs 86,531 crore, officials said. The optimistic outlook is fuelled by strong performance of the MSME sector in the state, it said. "We are taking several interventions and projects. But the projections made for 2024-25 can only be achieved through the coordinated approach of all stakeholders," Ramesh said. She expressed confi

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