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West Bengal to get up to Rs. 1000 crore from NABARD

West Bengal will get a share of Rs 900 to 1,000 crore out of Rs 21,000 crore additional fund sanctioned by the NABARD for the current rabi sowing season to tide over the cash crisis resulting from demonetisation.
●    National Bank for Agriculture and Rural Development (NABARD) Chief General Manager A K Raybarman expressed confidence that there would be no scarcity of money with sanctioning of up to Rs 1,000 crore.    
●    State Bank of India CGM P P Sengupta also said the bank would give priority to make cash available in the districts to take care of the farm sector.
●    If demand for cash is reduced by 70 per cent then it will be smooth going in the rabi season despite demonetisation, bankers felt.
●    Last year farm credit demand was some Rs 3 lakh crore in India.
 

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