UP farm sector credit flow estimated at Rs 2.94 trillion in FY20-21

The estimates are 9.7% higher compared to Rs 2.68 trillion in FY20

The National Bank for Agriculture and Rural Development (NABARD) has pegged the aggregate credit potential in the agricultural and allied sectors of Uttar Pradesh at Rs 2.94 trillion for the financial year 2020-21, growing at 9.7 per cent. However, the growth rate has for the first time slipped to single digit in past several years.

The new figures were revealed in the NABARD’s State Focus Paper (SFP) unveiled by UP Finance Minister Suresh Khanna. He said it would eventually help in realising the target of UP becoming a $1 trillion economy by 2024. The credit flow to the state farm