NABARD conducted the State Credit Seminar for 2025-26 on 15thFebruary 2025, in which the State Focus Paper for Odisha was released, projecting an overall credit potential lunder Priority Sector at Rs.2,52,000crore for the year 2025-26.
The seminar was inaugurated by Kanak Vardhan Singh Deo, Hon’ble Deputy Chief Minister, Government of Odisha and was also attended by Manoj Ahuja, IAS, Chief Secretary, Rajesh Prabhakar Patil, IAS, Commissioner-cum- Secretary, Cooperation Department and Goutam Patra, Convenor, SLBC in the presence of controlling Heads of Banks, officials from State Government departments, stakeholders, farmers & SHG members from various districts from Odisha.
Dr. Sudhanshu K K Mishra, CGM NABARD viewed that, concerted effort is needed for increasing the credit flow. He informed that NABARD has set the priority sector target for 2025-26 at Rs.2,52,000 crore. He stressed upon strengthening of PACS for building a strong ecosystem for business and income generating activities. He spoke about increasing the credit outreach amongst the rural masses. He also said that NABARD has been increasing its support for Odisha State under the rural infrastructure development, tribal development, watershed development and micro entrepreneurship development among SHG women and other developmental activities leading to growth in the rural livelihood.
Inaugurating the seminar, Kanak Vardhan Singh Deo, Hon’ble Deputy Chief Minister and the Chief Guest on the occasion, congratulated NABARD for completing the Credit planning exercise on time and emphasized upon the need for increasing the Bank credit for Priority sector in Odisha as Govt. too has been actively supporting through various schemes and it is time for Banks to increase the credit flow for private capital formation substantially in the State. He appreciated NABARD’s role in development of SHGs and sustained support in skilling of young women through its grant-based skill and entrepreneurship development programs.
Manoj Ahuja, IAS, Chief Secretary said that Odisha has been growing faster and better and Banks have to improve the quality of lending. He advised all Stakeholders that efforts have to be put to achieve the current year targets. He said demand needs to be created at grass roots level and KCC needs to be broad based to support allied activities. He also said that start-ups also need credit and Banks have to come forward. He said that the allied sectors such as dairy, goatery, fisheries, etc, have tremendous potential in the State and Banks have to increase the credit flow to the sector.
Rajesh Prabhakar Patil, IAS, Commissioner-cum-Cooperation Secretary appreciated NABARD for its TDF, WADI and JLG financing Project in interior of Rural India. He added that the State Govt’s focus is towards livelihood and cooperation sector, which will increase multifold in coming months.He added that the credit flow from Banks to the priority sector in Odisha needs lot of urgent improvement and attention. He advised banks and line departments to introspect, revisit and strategize required for up scaling the credit flow and for removing the operational impediments in the growth of credit to the priority Sector.
NABARD conducted the State Credit Seminar for 2025 26 on 15thFebruary 2025,
