PANAJI: Chief Minister Pramod Sawant said that during his tenure the Rural Infrastructure Development Fund (RIDF) loan from NABARD has increased from Rs 60 crore to Rs 500 crore.
The next target is Rs 800 crore, he asserted. He called for better streamlining and tightening of the co-ordination between NABARD, Bankers and Farmer to take schemes of the state and center to the farmers in effective manner.
He also informed that jaggery cluster and paddy cluster have been sanctioned for South & North Goa by the Center under Goa State Biodiversity Board.
He also added that the state is mulling allocation of carbon credits for tree plantations.
National Bank for Agriculture and Rural Development (NABARD) has outlined a credit projection of Rs 8995.76 crore for the State during the financial year 2024-25, informed CM Pramod Sawant today.
This projection signifies a substantial growth of 26.69 % from the preceding year. 18.5% of this is earmarked for agriculture sector, 67 % for Micro Small and Medium Entrepreneurs and 13.7 % for the priority sector, said CM.
He was speaking at the inauguration of the NABARD State Credit Seminar 2024-25. Sawant also unveiled the State Focus Paper 2024-25 prepared by NABARD Goa.
The State Focus Paper is a credit planning document, focusing on mapping the sector wise, activity wise overall potential for the absorption of credit and providing an overview of the agricultural economy of the state.