Recently Chief Secretary called for enhanced credit access, investment in J&K’s rural sector at NABARD seminar.

He was speaking at the UT Credit Seminar organised by the National Bank for Agriculture and Rural Development (NABARD), where the bank unveiled an estimated ₹43,297.01 crore credit potential for Jammu and Kashmir’s priority sector for 2025-26.

The seminar, held in Jammu, was attended by Chandrashekhar Azad, Regional Director, Reserve Bank of India (RBI), Amitava Chatterjee, MD & CEO, J&K Bank and other senior officials from the government departments and the financial institutions.

He lauded NABARD’s efforts in credit planning and timely release of the UT Focus Paper, which highlights funding priorities for agriculture, MSMEs and rural infrastructure.

“The government is committed towards expanding financial access across all Panchayats, ensuring that every eligible farmer benefits from the Kisan Credit Card (KCC) and Pradhan Mantri Fasal Bima Yojana (PMFBY),” maintained the Chief Secretary. He urged the banks to encourage timely loan repayments and actively participate in government-backed initiatives such as YUVA, aimed at promoting entrepreneurship among youth.

Highlighting the challenges in agriculture financing, he emphasized the need for capital investment in modern farming techniques.