The National Bank for Agriculture and Rural Development (NABARD) has projected a double-digit growth in priority sector lending potential of Rs 3.15 lakh crore in West Bengal for 2024-25.
A state focus paper unveiled by Usha Ramesh, Chief General Manager (CGM), NABARD, projected a priority sector lending potential of Rs 3.15 lakh crore in Bengal in 2024-25, marking a 16 per cent increase from the previous fiscal year’s figure of Rs 2.70 lakh crore.
In the first quarter of the current fiscal year, priority sector lending in the state amounted to Rs 86,531 crore.
According to the projections, the MSME sector is expected to lead the way with a 48.64 per cent share in the total credit growth outlook, followed by the agriculture sector, including infrastructure, at 36.71 per cent.
