Department of Financial Services Secretary M Nagaraju underscored the Government’s focus on seamless access to affordable credit to the agri-allied sector and urged all stakeholders to take all necessary steps to increase credit flow to the sector.

He said this yesterday while reviewing the progress of credit disbursement to agri-allied activities such as animal husbandry, dairying and fisheries with Public Sector Banks (PSBs), NABARD and State/ UT Level Bankers’ Committee.

Mr. Nagaraju told PSBs to take all necessary steps to ensure that respective targets are met during the current financial year. He also urged State Governments to facilitate banks in improving the flow of credit to these sectors.

The Secretary underlined the importance of the allied sector in driving agricultural growth and its employment potential in rural areas. He also directed banks to conduct regional level assessments and meetings to ensure disbursement of credit in all areas as all regions have huge potential in allied activities.