Manipur Governor released ‘State Focus Paper 2024-25’

IMPHAL — Manipur Governor Anusuiya Uikey on Friday released “State Focus Paper 2024-25” prepared by the National Bank for Agriculture and Rural Development (NABARD) during the State Credit Seminar at Raj Bhavan in Imphal.

The paper outlays a total credit potential of INR 2963.17 crore for Priority Sector activities in the state of Manipur as defined by the Reserve Bank of India.

Speaking at the event, the governor said that the Potential Linked Credit Plan prepared by the NABARD has been released by aggregating district-wise credit schemes in the form of “State Focus Paper” for the year 2024-25.

She said that the economic development of the state will take place on the basis of this plan and that all bankers and government officials will have an important contribution in achieving this target.

She also expressed hope that all the stakeholders will co-operate in achieving the goal by discharging their respective responsibilities with honesty, sensitivity and speed in the stipulated time.

The governor continued that in order to enhance the socio-economic status of the villagers of Manipur, their income level and quality of life, it is necessary to fulfil the targets set by the NABARD for the development of rural infrastructure.

This work can be done only with the co-operation of the officials of the Bank, she said. To ensure prosperity of rural areas, agriculture, cottage and village industries, handicrafts, rural crafts and other economic activities and MSMEs, it is necessary to provide credit facilities, market and fair prices for the promotion and development of the sector.

NABARD, in its State Focus Paper 2024-25, has estimated the available loan potential at INR 2,963.17 crore, out of this INR 1422.8 crore (48%) is estimated for agricultural activities, whereas INR 1136.20 crore (38%) is estimated for MSME and the remaining INR 400.07 crore (14%) for other priority sectors, said the governor.

She also expressed confidence that all stakeholders will work to achieve the target and contribute to the development of the state.

Senior representatives of RBI, SBI, PNB, Manipur Rural Bank, etc. attended the seminar which was organised by NABARD, Manipur Regional Office, Imphal.