Bhopal : The National Bank for Agriculture
and Rural Development (NABARD), Madhya Pradesh Regional Office, organised the State
Credit Seminar on 30 January 2026 at Minto Hall, Bhopal. The event
was attended by Shri Vishwas Kailash Sarang, Hon. Minister of Cooperation of
Govt of Madhya Pradesh, Shri Adal Singh Kansana, Hon Minister of Agriculture,
Govt of Madhya Pradesh, Smt C Saraswathi, CGM NABARD, Ms. Rekha Chandanaveli-
Regional Director RBI, Shri Dheeraj Goyal-SLBC Convenor, Shri
Manoj Gupta- MD Apex Bank along with senior bankers and official from Govt
Departments.
The State Focus Paper projects a total
priority sector credit potential of ₹3,75,384.29 crore for the financial
year 2026–27, reflecting a comprehensive assessment of the State’s
agricultural, MSME, and rural development needs. Of this total projection, ₹2,08,743.78
crore has been earmarked for the agriculture sector—including farm credit,
agriculture infrastructure, and ancillary activities—while ₹1,46,269.36
crore has been assessed as the potential for the MSME sector, with the
remaining ₹20,371.15 crore covering export credit, education, housing,
social infrastructure, renewable energy, and other priority areas.
The State Focus Paper highlights
that agriculture continues to dominate Madhya Pradesh’s economy, contributing 44.36%
to the State’s GSDP, supported by vast arable land and favourable agro‑climatic
conditions. Correspondingly, the SFP estimates ₹1,79,589.97 crore as
farm credit potential, ₹6,461.67 crore under agriculture infrastructure,
and ₹22,692.14 crore for ancillary activities. The State remains one of
India’s leading producers of wheat, rice, soybean, gram, pulses, and oilseeds,
indicating sustained demand for institutional credit to support crop
production, farm mechanisation, irrigation, and value‑chain development.
Economy of State
The State recorded a GSDP of
₹15.03 lakh crore in 2024–25, with a growth rate of 6.05%, and a per
capita income of ₹1,52,615. The banking network comprises 8,779
branches across rural, semi‑urban, and urban areas, with 8,882 ATMs,
and the overall credit‑deposit ratio has improved to 83.51% as of March
2025. These indicators reflect a strengthening financial ecosystem capable of
supporting the expanded credit requirements projected for 2026–27.
NABARD’s role in
Development
Smt C Saraswathi, CGM NABARD
emphasized on NABARD’s developmental interventions during 2024–25,
including ₹27,331 crore in financial assistance, of which ₹4,132
crore was provided to the State Government for rural infrastructure
creation under RIDF and ₹23,199 crore as refinance to rural financial
institutions. NABARD has implemented 90 watershed projects covering 95,404
hectares, benefiting 39,000 people, and has sanctioned 103 tribal
development projects under its TRIBES/WADI programme, impacting 78,333 tribal
families. Furthermore, NABARD has promoted 426 Farmer Producer
Organizations (FPOs) with 2.26 lakh farmer members, supported
through an equity contribution of ₹20.04 crore. The State has also
emerged as the top performer in PACS computerization, with 4,535 PACS
onboarded onto ERP systems.
Through the State Credit Seminar,
NABARD aims to bring together policymakers, bankers, and development
stakeholders to finalize the Annual Credit Plan (ACP) 2026–27, aligning
coordinated efforts to ensure adequate, timely, and efficient credit flow
across all priority sectors. NABARD emphasizes its continued commitment to
sustainable rural prosperity by promoting participatory credit planning,
digital transformation, infrastructure development, and inclusive growth across
Madhya Pradesh’s rural landscape.