Bihar sets 4.95 lakh crore rupees credit target for 2026 27

The state government of Bihar set an Annual Credit Plan target of 4.95 lakh crore rupees for the 2026-27 financial year on October 24, 2026. Social News XYZ and Menafn both reported that the state directed banks to accelerate lending across multiple economic areas. Authorities issued these directives during a high-level committee review meeting held at the Old Secretariat. [1][2]

Social News XYZ reported that state officials instructed commercial banks to focus on priority sectors, including agriculture, startups, and micro, small, and medium enterprises. Government officials asked financial institutions to reduce loan rejection rates and clear pending applications swiftly. Banks were instructed to treat the achievement of these credit targets as a mission mode priority. [1]

Bihar holds a central position in Indian history as the core region of ancient Magadha. The region played a key historical role in the origins and spread of both Buddhism and Jainism during the sixth and fifth centuries BCE. [4]