Jammu, February 3,2026- The National Bank for Agriculture and Rural Development (NABARD) has estimated a priority sector credit potential of ₹49,795.58 crore for Jammu and Kashmir, highlighting significant opportunities for growth across agriculture, MSMEs, allied sectors, and rural infrastructure.
The assessment was unveiled with the release of the NABARD Focus Paper by Chief Secretary Atal Dulloo, which outlines sector-wise credit potential and serves as a roadmap for banks and financial institutions for the upcoming financial year.
Speaking on the occasion, the Chief Secretary emphasised the importance of enhancing credit flow to priority sectors to boost economic growth, employment generation, and rural development in Jammu and Kashmir. He called for greater coordination among banks, line departments, and development agencies to ensure effective utilisation of the identified credit potential.
The Focus Paper identifies key thrust areas including agriculture, horticulture, animal husbandry, fisheries, MSMEs, self-help groups (SHGs), renewable energy, and infrastructure development. It also underlines the need for strengthening financial inclusion and extending institutional credit to underserved and aspirational regions.
NABARD officials stated that the projected credit potential aims to support sustainable livelihoods, entrepreneurship, and inclusive growth, while aligning with government initiatives for rural transformation and economic resilience.
The release of the Focus Paper is expected to guide banks in formulating their Annual Credit Plans, ensuring targeted lending and improved access to finance for farmers, entrepreneurs, and small businesses across the Union Territory.
