The National Bank for Agriculture and Rural Development released a Rs. 6565.77-crore Potential Linked Credit Plan for 2016-17 on Tuesday.
Collector Sajjansingh R.Chavan released it. The first copy was received by Senior Regional Manager, Indian Overseas Bank, S. Murugan in the presence of A. Rajkumar, AGM, RBI, and S. Viswanathan, Lead District Manager, at the collectorate.
J. Martin Pragasam, District Development Manager, NABARD, said that agricultural credit constituted a major share of the plan estimated at Rs.2,761.22 crore i.e.,42 per cent of the total PLCP.
The overall PLP projection for 2016-17 was higher by Rs 856.58 crore than the estimates for 2015-16 with an increase of 15 per cent.
The major sub-sector potentials under term loan for agriculture and allied activities include plantation and horticulture to the tune of Rs.306.70-crore; Rs.66.84-crore for water resources; fisheries sector at Rs. 266.46-crore; Animal Husbandry Development at Rs. 183.35 crore; Farm mechanisation at Rs. 88.53 crore.
The credit potential under agriculture infrastructure was fixed at Rs. 183.29 crore and ancillary activities at Rs. 325.98 crore. Rs. 741.08-crore envisaged for SME sector, forming 11.3 per cent of the total plan projections.
