Chief Secretary, Government of Haryana releases NABARD State Focus Paper 2025-26

New Delhi: NABARD has assessed a credit potential of ₹ 3.14 lakh crore reflecting an increase of 37.64% over the previous year under priority sector lending in Haryana State for the year 2025-26.

The credit potential under agriculture, MSME and other priority sector including education and renewable energy has a share of 35.60%, 57.12% and 7.28% respectively. NABARD’s State Focus Paper (SFP) was released by Vivek Joshi, IAS, Chief Secretary, Govt. of Haryana, during the State Credit Seminar 2025-26 held on 30 January 2025 at Chandigarh in the presence of Nivedita Tiwary, Chief General Manager, NABARD, senior executives of banks, senior officers of state government and academic institutions of the state.

Chief Secretary appreciated efforts of NABARD to assess the credit potential under agriculture, MSME, export, education, renewable energy etc. of the State that align with the government’s vision for farmers welfare and rural development with emphasis on crop diversification, climate-resilient agriculture, shrimp farming and promoting vegetable clusters. He urged Banks, Government departments, NABARD, SLBC, academic institutions and all other stakeholders to synergize coordinated efforts for creating increased employment opportunities in rural areas.

Nivedita Tiwary, CGM highlighted the consultative process to arrive at the credit potential of ₹ 3.14 lakh crore of the state by assimilating the potential worked out in Potential Credit linked Plans for all 22 districts of Haryana. She appreciated the need for dovetailing the Credit Potential worked out for all 22 districts by NABARD with the District Credit Plan prepared by Lead Banks. She reiterated the NABARD’s commitment towards addressing the pressing challenges faced by Haryana’s agricultural and rural sectors and promoting sustainable solutions that would benefit the farmers and villagers. As Financial inclusion is central to developmental initiatives, especially the computerization of Primary Agricultural Cooperative Societies (PACS) and expansion of mobile ATMs and Business Correspondents (BCs) in rural areas enhancing digital literacy and access to financial services.

To enhance marketing provisions for SHGs, NABARD had signed a MOU with NRLM and several projects for marketing of SHG products are being implemented in the state in collaboration with Haryana SRLM. Further, NABARD is driving sustainable agriculture through its Farm Sector Promotion Fund (FSPF), supporting pilots on reclamation of alkaline soil in Karnal and Kaithal, crop diversification from paddy to kharif onion in Karnal, IOT based saline shrimp farming in Hisar, and precision horticulture using robotics in Hisar.

NABARD’s Rural Infrastructure Development Fund (RIDF) has been playing a vital role in supporting infrastructure projects such as solar pumps, irrigation, rural roads, and storage facilities in Haryana.

To increase farmers’ incomes, better leverages in negotiation for prices of inputs and outputs and convergence with various GOI and GOH schemes, NABARD has promoted 129 FPOs in the state. Also, NABARD has promoted two Off Farm Producer Companies (OFPO) namely Beliyan OFPO, Palwal to manufacture Sujni craft and Jaipuri Rajais and Virasat Back to Roots in Raipur Rani, Panchkula to manufacture traditional dhurrie.

To enhance rural incomes and address sustainability concerns in agriculture, NABARD is committed to collaborate with state government for improving irrigation systems, storage and warehousing facilities, road connectivity, and digital infrastructure, reducing post-harvest losses, improving market linkages, facilitating financial inclusion and enhancing income of farmers and villagers.

To harness the credit potential of ₹ 3.14 lakh crore, it’s required to scale up support for agriculture, MSMEs, social infrastructure, and sustainable energy solutions.