- The Tribune
NPAs under agriculture, MSME, Mudra loan rise
The Reserve Bank of India has shown concern over the increase in non-performing assets (NPAs) under agriculture, MSME and Mudra loan in Haryana. Perturbed over the issue, it has asked bankers to ensure effective monitoring of NPAs and reduction in their levels by taking appropriate steps in this regard. What is worrisome is that except for MSMEs, the NPAs of banks under agriculture and Mudra loan have further increased in the past year. According to the bankers, the unsustainable credit growth in the sector can risk the system. According to bankers’ data, as of March 31, NPAs of banks in Haryana under agriculture loans were Rs 5,769 crore, which is 9.24 percent of the total agriculture advances outstanding. A year back (as of March 31, 2021), it was 8 percent or Rs 4,548 crore of the total outstanding.