Rural disbursement up
Patna: The National Bank for Agriculture and Rural Development (Nabard) notched up record-breaking figures in investment credit for agriculture and rural development in Bihar in 2003-04. Refinance disbursement stood at Rs 96.70 crore during 2003-04, against the Rs 85-crore target set for rural investment credit. Refinance disbursement in the previous year (2002-03) was Rs 82.10 crore . Nabard sources said the 16 regional rural banks (RRBs) constituted a major share of the refinance amounting to Rs 90 crore, constituting 93 percent of the total disbursement marking a 16.85 percent growth from the disbursement of Rs 74.83 crore made to RRBs during 2002-03.
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