UP farm credit potential at Rs 2.68 trn in FY20, up 13% over current fiscal

Higher credit flow to boost state's agro economy in crucial election year

Amid high-pitched political rhetoric over farmers’ issues in run up to the 2019 Lok Sabha polls, the aggregate credit potential in the agricultural and allied sectors of Uttar Pradesh has been pegged at more than Rs 2.68 trillion for 2019-20.

This is 13 per cent higher than the corresponding figure of Rs 2.37 trillion for the current 2018-19 financial year. National Bank for Agriculture and Rural Development (Nabard), in its UP State Focus Paper (SFP) for 2019-20, has projected the state rural credit potential for the next fiscal to grow by over 13 per cent to Rs 2,68,250 crore.

However, 13 per