NABARD Telangana Regional Office Hosts State Credit Seminar 2024-25 in Hyderabad
Hyderabad, January 30, 2024 – The National Bank for Agriculture and Rural Development (NABARD) conducted the State Credit Seminar for the fiscal year 2024-25 at Hyderabad. Tummala Nageswara Rao, Hon’ble Minister for Agriculture, Marketing, Co-operation, and Handlooms & Textiles, Government of Telangana, graced the occasion as the Chief Guest.
During the seminar, the Hon’ble Minister launched the ‘State Focus Paper 2024-25,’ emphasizing its significance in planning targeted interventions. The event saw the presence of key figures such as M. Raghunandan Rao, IAS, Agriculture Production Commissioner & Secretary, GoT, Debashish Mitra, SLBC Convenor, SBI, K. Rajendra Prasad, DGM, RBI, along with government officials, senior bankers, and research scientists.
Smt Suseela Chintala, CGM NABARD, Telangana, highlighted the credit potential of Telangana for the Priority Sector in 2024-25, assessed at ₹2,80,000.56 crore. She expressed confidence that the State Focus Paper would aid the State Government, bankers, and stakeholders in planning interventions for Rural and Agri Sectors.
Tummala Nageswara Rao, in his keynote address, commended NABARD’s efforts and stressed the importance of timely credit in agricultural growth. He urged banks to play a pivotal role and sought NABARD’s support in promoting agri exports, dairy infrastructure, rural godowns construction, and marketing of rural produce. The minister also emphasized the need for crop diversification through millet cultivation and value chain development.
The seminar witnessed the inauguration of a Mobile Rural Haat supported by NABARD for marketing agricultural produce. M. Raghunandan Rao applauded NABARD’s initiatives, including Phygital Mobile Agro Support Services and Mobile Sabjee Cooler.
Various dignitaries, including Rajendra Prasad, DGM, RBI, Debashish Mitra, GM, SBI, and SLBC Convenor, Director – NRC Meat Research, Director CRIDA, lauded NABARD’s efforts and shared their insights in their respective areas of expertise.
APPENDIX-B: Telangana’s Credit Potential Breakdown for 2024-25 Revealed
In a comprehensive breakdown, Telangana’s credit potential for the fiscal year 2024-25 has been outlined in the Priority Sector Lending Plan (PLP). The projections, totaling ₹2,80,000.56 crores, encompass various sub-sectors:
Agriculture Sector (Total: ₹1,33,587.86 Crores)
- Farm Credit (₹1,09,142.93 Crores)
- Crop Production, Maintenance, and Marketing: ₹81,478.02 Crores
- Water Resources: ₹1,897.09 Crores
- Farm Mechanization: ₹5,098.78 Crores
- Plantation and Horticulture: ₹4,779.24 Crores
- Forestry and Wasteland Development: ₹245.63 Crores
- Animal Husbandry – Dairy: ₹4,997.11 Crores
- Animal Husbandry – Poultry: ₹2,735.12 Crores
- Animal Husbandry – Others: ₹3,089.44 Crores
- Fisheries: ₹780.69 Crores
- Farm Credit-Others: ₹3,582.63 Crores
- Sustainable Agriculture Practices: ₹459.18 Crores
- Agriculture Infrastructure (₹5,197.26 Crores)
- Construction of Storage and Marketing Infrastructure: ₹3,684.45 Crores
- Land Development, Soil Conservation, and Watershed Development: ₹863.76 Crores
- Agriculture Infrastructure – Others: ₹649.05 Crores
- Agriculture – Ancillary Activities (₹19,247.67 Crores)
- Food and Agro Processing: ₹3,418.52 Crores
- Agriculture Ancillary Activities Others: ₹15,829.15 Crores
Other Priority Sectors:
- Micro, Small and Medium Enterprises (MSME): ₹1,29,635.83 Crores
- Export Credit: ₹451.67 Crores
- Renewable Energy: ₹10,768.58 Crores
- Education: ₹2,706.50 Crores
- Others-SHG/JLG/Self Employed: ₹566.61 Crores
- Social Infrastructure (Hyderabad District Only): ₹836.20 Crores
This comprehensive credit plan aims to drive diverse economic sectors, fostering growth and development across the state.
