THE RELEASE OF credit to the agriculture sector by commercial banks and regional rural banks is likely to cross ₹28 lakh crore, a new record, due to a rise in formalisation of rural credit structure, Shaji KV, chairman, Nabard said on Sunday. In the last ten years the average annual growth in the flow of agricultural credit has been in double digit at 13%. We will be crossing ₹28 lakh crore of credit flow in the current fiscal," Shaji told FE.
The agri-credit disbursement target of a record ₹27.5 lakh crore by financial institutions was set for FY25, which was 31% higher compared to target of ₹21 lakh crore in FY24. The banks had disbursed ₹25.49 lakh crore in FY24 under term and crop loans, a rise of 15% compared to FY23. The growth this year is seen to be about 10%.
Bu hikaye Financial Express Kolkata dergisinin January 06, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Financial Express Kolkata dergisinin January 06, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Zee Q3 profit jumps 180%; revenue falls
ZEE ENTERTAINMENT reported a 179.7% year-on-year rise in its consolidated net profit at ₹163.6 crore for the third quarter of the financial year 2024-25 (Q3FY25).
Meta's revised paid ad-free service may breach EU privacy regulations
META PLATFORMS' REVISED no-ads subscription service may still breach EU consumer and privacy laws in addition to antitrust rules, the European Consumer Organisation (BEUC) said on Thursday as it urged regulators to act against the U.S. tech giant.
Grade A warehousing mkt to hit 700 mn sq ft
THE LOGISTICS AND industrial real estate sector saw major growth, with Grade A warehousing in eight cities increasing from 88 million sq. ft in 2019 to 238 million sq ft in 2024 (22% CAGR).
CCPA Notices to Ola, Uber Over Price Disparity Complaints
The Consumer Protection Authority (CCPA) has issued notices to tech giant Apple and cab aggregators Ola and Uber following consumer complaints about software performance and pricing disparities, Consumer Affairs Minister Pralhad Joshi said on Thursday.
Call Grows for Action on AI, Reforms
LEADERS FROM VARIOUS countries called for action on artificial intelligence and reforms at the WEF meeting.
UltraTech Cement Q3 profit at ₹1,473.51 cr; stock surges 7%
ADITYA BIRLA GROUP firm UltraTech Cement on Thursday reported a consolidated net profit of ₹1,473.51 crore for the third quarter ended December 31, 2024.
West Asia and North Africa Top Market for Engineering Exports
WEST ASIA AND North Africa (WANA) emerged as the biggest buyer of engineering products from India for the first time ever in December, pushing North America to the second slot, the commerce ministry data showed.
In Dalit colonies, AAP schemes outrank Constitution issues
THE OPEN DRAIN outside the chaupal at Nai Basti, a Dalit-dominated colony in South Delhi's Deoli, is overflowing.
Musk, Altman spar over $100-bn AI venture hyped by Prez Trump
TESLA CEO QUESTIONS FUNDING NEED, WHILE OPENAI BOSS DEFENDS PROJECT
Infra.Market Raises $126 Million
CONSTRUCTION MATERIALS SOLUTIONS firm Infra.Market has successfully raised approximately $120 million (₹1,050 crore) in its pre-IPO funding round, according to sources aware of the matter.
