NABARD Projects Rs 3.15 Lakh Crore Credit Potential for Odisha by 2026-27

NABARD forecasts a credit potential of Rs 3.15 lakh crore for Odisha's priority sector by 2026-27, up from Rs 2.52 lakh crore. MSMEs are the largest beneficiaries. Chief Secretary Anu Garg highlights the Vision 2036 goals and the necessity for banks to provide increased support.

The National Bank for Agriculture and Rural Development (NABARD) has outlined ambitious credit potential for Odisha, estimating it at Rs 3.15 lakh crore under the priority sector for the 2026-27 fiscal year. This reflects a significant increase from last year's Rs 2.52 lakh crore estimation.

Micro, Small, and Medium Enterprises (MSMEs) are set to receive the largest allocation, with Rs 1.52 lakh crore, while the agriculture sector is projected at Rs 1.14 lakh crore. The remaining credit will cover areas like housing, education, renewable energy, social infrastructure, and export credit.

During the state's credit seminar, Chief Secretary Anu Garg emphasized the government's 'Vision 2036' plan to transform Odisha into a developed state by 2036 and a USD 1.5 trillion economy by 2047. She called on stakeholders to offer steadfast support and urged banks to prepare for increased credit demands.

(With inputs from agencies.)