Uikey releases State Focus Paper 2024-25
Source: The Sangai Express
Imphal, March 22 2024:
Governor Anusuiya Uikey released "State Focus Paper 2024-25" at Raj Bhavan today.
The paper which is prepared by National Bank for Agriculture and Rural Development (NABARD) presents an outlay of a total credit potential of Rs 2963.17 crore for priority sector activities in the state of Manipur as defined by the Reserve Bank of India.
Releasing the paper at a State Credit Seminar, 2024, held at the Conference Hall of the Raj Bhavan, Governor Anusuiya Uikey said the Potential Link Credit Plan prepared by NABARD has been released by aggregating district-wise credit schemes in the form of "State Focus Paper" for the year 2024-25 .
She said economic development of the State would take place on the basis of this plan.
All bankers and Government officials would have important contribution in achieving this target, she said.
She expressed hope that all the stakeholders will cooperate in achieving the goal by discharging their respective responsibilities with honesty, sensitivity and speed in the stipulated time.
In order to enhance the socio-economic status of the villagers of Manipur, their income level and quality of life, it is necessary to fulfil the targets set by NABARD for the development of rural infrastructure in the State and this work can be done only with the cooperation of the officials of the bank, the Governor said.
To ensure prosperity of rural areas, agriculture, cottage and village industries, handicrafts and rural crafts and other economic activities and MSMEs, it is necessary to provide credit facilities, market and fair prices for the promotion and development of the sector, she said.
NABARD in its State Focus Paper 2024-25 has estimated the available loan potential at Rs 2,963.17 crore.
Out of this, Rs 1422.88 crore which is 48% is estimated for agricultural activities.
Whereas Rs 1136.22 crore which is 38% is estimated for MSME and the remaining 14% i.e.Rs 404.07 crore is estimated for other priority sectors, she added.
The Governor expressed confidence that all stakeholders would work to achieve the target and contribute to the development of the state.
Senior representatives of RBI, SBI, PNB, Manipur Rural Bank etc attended the seminar which was organised by NABARD, Manipur Regional Office, Imphal.