The National Bank for Agriculture and Rural Development (Nabard) has estimated the potential for credit deployment in the state to the tune of Rs 37,000 crore during 2010-11.
Speaking after inaugurating the 1,001 Joint Liability Group (JLG) and 75th Farmers’ Club launched by the Karnataka Vikas Grameen Bank (KVGB), Nabard chief general manager Venkatesh Tagat said Rs 17,250 crore had been earmarked for the crop loans and Rs 6,674 crore for term credit in agriculture and allied activities.
The non-farming sector would get Rs 13,340.53 crore including agro and food processing sector and other priority sector activities, he said.