Manipur’s State Focus Paper 2026–27 projects a credit potential of INR 3,500 crore, with major allocations to agriculture, MSME and priority sectors.
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IMPHAL — The State Focus Paper for 2026–27 projects a credit potential of around INR 3,500 crore for Manipur, with 51 per cent allocated to agriculture and allied activities, 37 per cent to the MSME sector and 12 per cent to other priority sectors.
The projection was highlighted at the State Credit Seminar 2026 organised by NABARD’s Manipur Regional Office in Imphal on Tuesday, where Chief Minister Yumnam Khemchand Singh launched the State Focus Paper 2026–27.
Chief Secretary Puneet Kumar Goel said the estimates reflect the state’s development priorities and the evolving structure of its rural economy. He noted that while agriculture remains the backbone of livelihoods, fragmented landholdings and climate risks necessitate diversification and value addition to improve farm incomes.
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Addressing the seminar, the chief minister said the theme “Credit-Led Development in Manipur” was timely, stressing that institutional credit is essential for grassroots development. He urged banks and financial institutions to support farmer producer organisations, self-help groups, rural start-ups and agri-entrepreneurs.
He said Manipur has significant potential in sectors such as horticulture, fisheries, handloom and handicrafts, and emphasised the role of the banking sector in unlocking this potential. He also called for coordinated efforts among stakeholders to build a self-reliant state.
NABARD General Manager Partha Mandal said the State Focus Paper serves as a planning and credit monitoring document for the upcoming financial year and is based on district-level potential-linked plans.
He added that a Tribal Development Project, virtually inaugurated by the chief minister in Churachandpur district, is being implemented with a grant of INR 1.6 crore to support livelihoods and community development in hill areas.
The seminar brought together officials from the state government, NABARD, the Reserve Bank of India, banks and financial institutions to deliberate on mobilising credit for inclusive growth.