The National Bank for Agriculture and Rural Development (NABARD) has assessed the credit potential for Thanjavur district as Rs. 6,148.40 crore for 2016-17, a growth of 21 per cent over that of this year’s projection.
The Potential Linked Credit Plan for 2016-17 prepared by the NABARD was released by District Collector N. Subbaiyan at the district-level consultative committee meet here and S. Sidharthan, Senior Regional Manager, Indian Overseas Bank, Thanjavur Region, received the first copy.
The PLP formed the basis for finalising the Annual Credit Plan (ACP) for the district.
Dr. Subbaiyan lauded the NABARD for bringing out the document in time and said that the PLP document would serve as a reference guide to all issues concerning agriculture and rural development besides helping banks and government agencies.
He stressed on the need for timely institutional credit flow to agriculture and the MSME sectors to promote adoption of new technology and creation of infrastructure.
Mr. Siddarthan said that based on the potential estimated in the PLP, a background paper would be circulated by the Lead Bank, along with the block-wise, activity-wise potential identified in the plan. Banks would then prepare their branch-level credit plans to finalise the Block Credit Plans and then District Credit Plan for 2016-17.
K. Subramanian, District Development Manager, NABARD, said the PLP document had been prepared in consonance with the revised guidelines of the Reserve Bank of India and added that the document was drafted in consultation with officials at the Block, District, and State-level departments in the government, banks, and NGOs.
Highlighting the sector-wise credit plan, Mr. Subramanian said that Rs. 3,467.01 crore and Rs. 1,392.18 crore had been estimated for crop loan and term loan in agriculture and allied areas respectively.
In line with the push being accorded by the Centre to the MSME sector, Rs. 370.74 crore had been envisaged for the sector. The banks could lend more to the non-farm sector under the MUDRA scheme, he added.
The NABARD official highlighted a separate chapter on the Area Based Schemes for Integrated Farming System that had been included in the PLP document.
Lead District Manager V. Balasubramanian said the banks had been advised to increase lending to the micro-enterprises in line with the RBI’s guidelines.
He advised the banks to utilise the plan document while preparing their branch credit plans.
District Coordinators of the banks as also government department officials participated in the deliberations.
There has been 21 per cent increase over last year’s project in the outlay
