AHMEDABAD: The National Bank for Agriculture and Rural Development NABARD on Tuesday announced that Gujarat’s priority sector credit potential stood at Rs 2.46 lakh crore for the upcoming financial year 2022-23.The announcement was made as part of the annual state credit seminar organized at the chief minister’s office in Gandhinagar on Tuesday.

According to estimates provided by NABARD, the estimated credit potential has gone up from Rs 2.24 lakh crore in 2021-22 — up 10%. Of the total credit potential estimated for priority sector, agriculture and allied sectors account for Rs 1.13 lakh crore, MSME sector accounts for Rs 1.09 lakh crore and other priority sectors account for Rs 26,255.2 crore.

NABARD has been regularly monitoring the potential flow of bank credit towards priority sector across all the districts of Gujarat through its potential linked credit plans. NABARD officials appealed to banks to ensure credit flow in priority sector advances to meet the targeted credit disbursals.