The National Bank for Agriculture and Rural Development (NABARD) has projected a credit potential of ₹3.55 lakh crore under priority sectors for Andhra Pradesh for 2024-25. It is an increase of 24% over the potential assessed for financial year (FY) 2023-24.
Agriculture Minister Kakani Goverdhan Reddy released a focus paper of NABARD on A.P., at the Secretariat at Velagapudi near here on Monday.
NABARD has assessed the credit potential for the agriculture sector as ₹2.04 lakh crore, which accounts for 58% of the total potential. A crop loan potential of ₹1.36 lakh crore has been identified. The potential for agriculture and allied term loan has been assessed at ₹68,341 crore, for the MSME sector at ₹88,481.62 crore and ₹62,355 crore under other priority sectors.