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NABARD Tamil Nadu region aims Rs 40,000 cr loan disbursals in FY22

Thursday, 08 Apr 2021
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The National Bank for Agriculture and Rural Development (NABARD) Tamil Nadu region is planning to make Rs 40,000 crore loan disbursal in FY22.

During FY21, loans disbursed by the Tamil Nadu Regional Office of NABARD reached an all-time high of Rs 27,104 crore, nearly doubling from Rs 14,458 crore disbursed in FY21.

Of the total disbursement in Tamil Nadu during FY21, refinancing of loans to eligible financial institutions increased by 89 per cent to Rs 23,062 crore while support for rural infrastructure stood at Rs 4,042 crore.

The development bank also extended a grant assistance of Rs 31 crore to various innovative projects to agriculture and allied sectors.

Of the total refinancing, co-operative banks accounted for a major share at Rs 8,761 crore (38 per cent) followed by commercial banks (Rs 6,602 crore), Regional Rural Banks (RRBs) Rs 4,840 crore and NBFC/NBFC-MFIs at Rs 2,858 crore.

The ratio between loan refinancing and rural infrastructure support stood 85-15 percent in FY21. In FY22, the share of rural infrastructure may go up to 25 percent as per demand.

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