Prioritise bringing back farmers into the credit system: Fadnavis to banks

Maharashtra priority credit plan outlay up by 13.6% for FY18

Seeking priority to using farm loans for creating durable assets, Maharashtra Chief Minister Devendra Fadnavis said that banks should focus on bringing back farmers forced out of the formal credit system in the current financial year.    

The annual priority sector credit plan for 2017-18, prepared by National Bank for Agriculture and Rural Development (Nabard), pegged an outlay of Rs 3,36,433 crore, a 13.6 per cent rise over 2016-17. Out of the total outlay, advances including crop credit and investment is pegged at Rs 86,836 crore in FY18, up from Rs 81,468 crore in FY17.  

The tally of