Semir on State credit

By our Staff Reporter

GUWAHATI, Jan 25: The State Credit Semir for the year 2016-17 for Assam was organised by BARD, in Guwahati today. The State Focus Paper brought out by BARD for the year 2016-17 was released by Panchayat and Rural Development minister Rakibul Hussain.

Hussain complimented BARD for organising the State Credit Semir involving all stake holders. He said that Government of Assam has taken a number of initiatives for accelerated growth of agriculture and rural development. The Government, more particularly utilising the Rural Infrastructure Development Fund (RIDF) of BARD has created rural infrastructure such as bridge, roads, and irrigation and flood control projects. He hoped that such infrastructure would eble increased flow of credit particularly in the priority sector.

Hussain urged the banks to take the responsibility to cover all the farmers under crop loans and to fince income generating assets for the farmers to supplement their income and productivity. He also assured that the State Government shall continue to initiate farmer friendly policies and provide all agriculture related infrastructure to boost the productivity. However, bank credit is a very important input to help the common people to create assets and contribute to the economy.

Chief General Mager of BARD Assam Regiol Office S tarajan indicated his address that the theme of this year’s State Credit Semir will continue to be ‘Accelerating the pace of capital formation in agriculture and allied sector’.

tarajan laid emphasis on value addition in Agriculture Sector with special focus on post-harvest technology, food processing and marketing. He announced that the estimated credit potential for the year 2016-17 for the State of Assam was Rs.12143.03 crore, an increase of 10.35% over Rs.11004.00cr estimated for 2015-16. The major sectors include Rs.3842 cr for crop production, Rs. 2906 cr towards agriculture term loan, 2789 crore for the MSME sector and Rs. 2605 crore for export credit, housing, education, renewable energy, social infrastructure and others. This was stated in a press release.