Nabard has projected the total credit potential for the priority sector in Andhra Pradesh to reach ₹4.24 lakh crore by 2025-26, reflecting a 19.4% increase compared to the previous year’s estimates.
On Monday, Chief Minister N. Chandrababu Naidu unveiled the State Focus Paper (SFP) for 2025-26 at the Secretariat in Amaravati, coinciding with the 229th and 230th meetings of the State-Level Bankers’ Committee (SLBC).
During the event, Naidu emphasized that continuous investments in agriculture, horticulture, allied sectors, micro, small and medium enterprises (MSMEs), and rural initiatives are vital for advancing Andhra Pradesh towards the Swarna Andhra Vision 2047. He highlighted the importance of utilizing credit and financial support to foster rural transformation and enhance economic resilience.
M R Gopal, the Chief General Manager of Nabard in Andhra Pradesh, noted that the SFP is an essential guide for credit planning, infrastructure growth, and investment priorities. He stated that Nabard would maintain its commitment to promoting financial inclusion, implementing cooperative banking reforms, and enhancing digital credit delivery systems, ensuring fair access to credit for farmers, entrepreneurs, and rural businesses.
The key credit forecasts outlined in the paper for the upcoming financial year include ₹2.26 lakh crore (representing 53% of the total priority sector lending) earmarked for agriculture and allied activities, ₹1.14 lakh crore for crop loans, ₹43,583 crore for animal husbandry, dairy farming, fisheries, and farm mechanization, ₹1.28 lakh crore for MSMEs, and ₹60,895 crore for housing, education, renewable energy, and other sectors.
