Consider the following statements with reference to State Focus Paper of NABARD for 2022 23 As per t...........

Rajasthan Economy

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Consider the following statements with reference to State Focus Paper of NABARD for 2022-23:

As per the focus paper, NABARD has estimated the potential credit to priority sectors at ?2.50 lakh crore.
NABARD is the apex regulatory body for the regional rural banks.

Which of the above statements is/are correct?

1 only

2 only

Both

None

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Explanation:

The Rajasthan government has recently initiated action to get the loans disbursed by nationalised banks waived through a one-time scheme.

The State government has offered to bear the farmers’ share in the waiver scheme.

At a meeting of the State Level Bankers’ Committee (SLBC) and the NABARD’s loan seminar the State government said that it was ready to give 10% of the farmers’ share in the scheme and asked the nationalised banks to provide relief to poor farmers.

Rajasthan government has released the State Focus Paper of NABARD for 2022-23.

As per the paper, NABARD had estimated the potential credit to priority sectors at ?2.50 lakh crore, which was 7.3% higher than the estimate for last year.

The state government has desired that the banks and financial institutions should target lending to the identified sectors based on the capacity indicated in the document and prepare an annual action plan.

It should be noted here that NABARD is the apex regulatory body for the regional rural banks.