Priority sector and infrastructure funding requirements in the state are estimated to grow by 18.11% to Rs 7,201.66 crore in 2017-18. For 2016-17, the state level bankers committee had drafted a potential linked credit plan which had projected that the credit off take would be Rs 6093.88 crore, with a large stress on ensuring that farmers' income is doubled by 2022.

 

NABARD along with the public and private sector banks in the state have prepared a state focus paper and has tried to implement the union government's call to boost agricultural activity in the country,

The share of total agricultural credit projections in the total priority sector projections works out to 14% during 2017-18 as against 13.6% during the previous year. It is estimated that loans for crop production, maintenance and marketing could increase by nearly 22% to 450.04 crores in 2017-18.

 

Farmers are expected to require loans to the tune of Rs 916.52 crores in total for plantation, purchase of bullocks, farm mechanization and water resources, NABARD said. NABARD is stressing on increasing the production and area under cultivation for Mango, Cashew, Coconut and Sugarcane.

 

"There is ample scope in Goa for increase in production of cashew and mango in the state. If the farmer plans properly, then we can increase production by over ten times," chief minister Laxmikant Parsekar said.

 

Parsekar called for the use of new technology and schemes to promote crop production. "Our hills have unwanted vegetation. If that is eliminated, we can increase the production of cashew by 10 times," Parsekar added.

Speaking at the release of the state focus paper, general manager for Reserve Bank of India Jaikish also expressed concerns over the drop in agricultural activity in the state. "Just talking about this or announcing schemes won't help. We need to work in a big way and push for crop insurance. Ultimately credit itself cannot help," Jaikish said.

General manager of NABARD - Goa V M Khusro said that farming should be technology driven through a scientific and controlled atmosphere.Panaji: Priority sector and infrastructure funding requirements in the state are estimated to grow by 18.11% to Rs 7,201.66 crore in 2017-18. For 2016-17, the state level bankers committee had drafted a potential linked credit plan which had projected that the credit off take would be Rs 6093.88 crore, with a large stress on ensuring that farmers' income is doubled by 2022.

 

NABARD along with the public and private sector banks in the state have prepared a state focus paper and has tried to implement the union government's call to boost agricultural activity in the country,

The share of total agricultural credit projections in the total priority sector projections works out to 14% during 2017-18 as against 13.6% during the previous year. It is estimated that loans for crop production, maintenance and marketing could increase by nearly 22% to 450.04 crores in 2017-18.

 

Farmers are expected to require loans to the tune of Rs 916.52 crores in total for plantation, purchase of bullocks, farm mechanization and water resources, NABARD said. NABARD is stressing on increasing the production and area under cultivation for Mango, Cashew, Coconut and Sugarcane.

 

"There is ample scope in Goa for increase in production of cashew and mango in the state. If the farmer plans properly, then we can increase production by over ten times," chief minister Laxmikant Parsekar said.

Parsekar called for the use of new technology and schemes to promote crop production. "Our hills have unwanted vegetation. If that is eliminated, we can increase the production of cashew by 10 times," Parsekar added.

Speaking at the release of the state focus paper, general manager for Reserve Bank of India Jaikish also expressed concerns over the drop in agricultural activity in the state. "Just talking about this or announcing schemes won't help. We need to work in a big way and push for crop insurance. Ultimately credit itself cannot help," Jaikish said.

General manager of NABARD - Goa V M Khusro said that farming should be technology driven through a scientific and controlled atmosphere.