FROM OUR CORRESPONDENT
Itagar, March 3: The State Focus Paper for 2016-17 prepared by BARD envisages the potential of ground level credit flow of Rs.531.12 crore under Priority Sector from the banking channel, according to a BARD release.
Chief Secretary Ramesh Negi, who released the Paper after iugurating the State Credit Semir 2016-17 organised by BARD at city hotel here on Tuesday, suggested that packaging and brand building support should be provided to local entrepreneurs, especially SHGs products. He also acknowledged the role played by BARD in the development of the state, especially in development of rural infrastructure.
He acknowledged the role of the banks to achieve their credit plan targets. He assured to fill the gaps in infrastructure and support services in critical sectors for providing a boost to credit flow by the banking sector.
A presentation was made by GM (BARD) H S Singh highlighting the importance of capital formation in agriculture for sustaible economic growth of the State. The semir was attended by Commissioner Agriculture & Horticulture, Commissioner, Rural Development & Panchayati Raj, Secretary Fince, Secretary, Cooperation and senior government officials from various line departments of the state government, representatives from SLBC and banks, Spices Board and Rubber Board.