Nabard projects 4.8L cr priority sector credit for state in FY 26-27

Jaipur: The National Bank for Agriculture and Rural Development (Nabard) projected a priority sector credit potential of Rs 4.88 lakh crore for Rajasthan for the financial year 2026-27, signalling a push to accelerate rural and semi-urban growth.The projection was unveiled at the State Credit Seminar held in Jaipur, where Nabard released its State Focus Paper (SFP) for 2026-27.
The document consolidates district-wise, block-level credit potential across sectors, mapping both physical and financial opportunities to guide banks in preparing their annual lending plans.Chief secretary V Srinivas released the SFP along with 2 publications — "Strengthening Infrastructure in Rajasthan under RIDF" and "Success Stories of FPOs in the State."Addressing the gathering, he described the seminar as a key platform to align financial institutions with the state's development priorities.Referring to the Rs 6.11 lakh crore state budget outlay, he underlined the focus on raising household incomes and investments in agriculture, rural roads, drinking water, and renewable energy. He urged banks and line departments to work in coordination to achieve the credit projections.Stressing the role of MSMEs in driving industrial growth, employment, and value addition in rural and semi-urban areas, Shikhar Agarwal, Additional chief secretary (Industries and MSME), called for deeper coordination between financial institutions and govt departments.Ajitabh Sharma, additional chief secretary (Energy), highlighted the need to strengthen implementation under the PM Suryaghar Yojana and flagged the potential of public-private partnership modes in expediting renewable energy and infrastructure projects.Speaking on the occasion, R Ravi Babu, chief general manager, Nabard, said the Rs 4.88 lakh crore projection aligns with the state's long-term development vision. Of this, agriculture and allied activities account for Rs 2.24 lakh crore, while MSMEs are projected at Rs 2.27 lakh crore, reflecting a balanced growth strategy between farm and non-farm sectors.He said the SFP would serve as the benchmark for the Annual Credit Plan for 2026-27, with emphasis on last-mile delivery, women farmers, and cooperative institutions.Contributions of PACS, cooperative banks, and farmer producer organisations were also recognised at the event.