NABARD's Blueprint for Jammu & Kashmir's Rural Prosperity

The National Bank for Agriculture and Rural Development (NABARD) forecasts a credit potential of Rs 49,795.58 crore for Jammu and Kashmir's priority sector in 2026-27. The focus paper emphasizes inclusive development via credit planning, agricultural modernization, and support for Farmer Producer Organizations, aiming for sustainable regional growth.

The National Bank for Agriculture and Rural Development (NABARD) has announced a projected credit potential of Rs 49,795.58 crore for Jammu and Kashmir's priority sector in the fiscal year 2026-27, according to an official statement released Tuesday.

Speaking at a recent NABARD-organized credit seminar, Chief Secretary Atal Dulloo expressed that these projections are both realistic and achievable. He underscored the importance of universal Kisan Credit Card coverage and advocated for a shift from subsistence farming to commercial viability.

The focus paper outlines priority areas such as agriculture credit flow, support for Farmer Producer Organizations, MSMEs, and rural infrastructure. It also highlights sectors like horticulture, wool processing, handicrafts, and tourism as key to unlocking Jammu and Kashmir's economic potential.

(With inputs from agencies.)