Chief Minister Chandrababu Naidu unveils NABARD credit plan of ₹5.11 lakh crore for 2026–27 fiscal
GS3Economy · S&T · Environment · Security· Growth, inflation & macro indicators· Prelims·
Why in news
Chief Minister Chandrababu Naidu of Andhra Pradesh unveiled a ₹5.11 lakh crore NABARD credit plan for the FY 2026–27 to boost agriculture and allied sectors.
Background
The credit plan for FY 2026–27 is valued at ₹5.11 lakh crore, marking a 20% increase over the previous year. It focuses on crop loans, animal husbandry, farm mechanization, fisheries, horticulture, and agricultural infrastructure.
Facts for Prelims
- FactNABARD credit plan for FY 2026–27: ₹5.11 lakh crore
- FactCredit plan increase: 20% compared to the previous year
- PlaceAndhra Pradesh: State where the credit plan was unveiled
For Mains
Q. Discuss the role of institutional credit in transforming the agricultural landscape and enhancing rural livelihoods in India.
Dimensions to cover in your answer
- Credit accessibility: Bridging the gap between formal banking and smallholder farmers
- Infrastructure synergy: Linking farm mechanization with enhanced irrigation and storage facilities
- Diversification: Promoting horticulture and fisheries to reduce dependence on monoculture
Keywords: Institutional Credit · Rural Development · Agricultural Infrastructure · Credit Expansion · Allied Activities
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