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NABARD estimates Rs 8,411.41 credit flow in the MSME sector in 2014-15 in Karnataka

Bengaluru, Dec 30 (KNN) The National Bank for Agriculture and Rural Development (NABARD) has estimated 26 per cent increase in credit flow, which is Rs 85, 724.58 crore,  under the priority sector lending in Karnataka in 2014-15 in comparison to projections for 2013-14.

According to the projections, the credit flow in the MSME sector, including food and agro processing, will be Rs 8,411.41 crore, while for the other priority sectors, it will be Rs 20,076.94 crore).
According to the State Focus Paper, released by NABARD last week, Karnataka is one of the leading States in the development of agriculture with focused attention on dryland farming through watershed approach such as Sujala, and improving dryland productivity through award-winning Bhoo Chetana programme, among others.
For the agriculture sector, the projection for crop production, maintenance and marketing is Rs 39,246.07 crore; and the term investment for agriculture and allied activities is Rs 17,990.16 crore.

Karnataka produces 70 per cent of India’s coffee, 48 per cent of silk and ranks first in the production of raw silk, second in cooperative milk production, third in sugarcane production and fourth in production of flowers.