Projects an increase of 15 per cent in credit outgo
The Potential Linked Credit Plan of Nabard projects a 15
per cent increase for the financial year 2014-15 than the current
fiscal, says a release.
Potential
The plan envisages a credit potential of Rs. 3,092.03 crore for the banks during the year next financial year.
The
plan document will form the basis for allocation of credit targets for
various banks in the district in the Annual Credit Plan 2014-15 to be
prepared by the Lead Bank. Releasing the plan at a bankers’ meeting
here, T.P. Rajesh, District Collector asked bankers to support the
requirements of farmers and entrepreneurs based on their credit
potential.
Agriculture
Of
the total credit projection, Rs. 2,029.65 crore has been earmarked for
investment under agriculture and allied activities (including crop loan
of Rs. 1,018.70 crore), Rs. 443.38 crore for MSME sector, and Rs. 619
crore for other priority sectors.
Mr. G.
Chidambaranathan, Assistant General Manager, Nabard, said that the Union
Government and Nabard would focus on creating storage facilities for
agriculture produce, such as scientific warehouses, godowns, silos, and
cold storage units both in the public and private sectors with a view to
prevent post harvest losses.
The first copy of the
plan document was received by T. Rudrappa, Manager, Lead District Bank
in the presence of Mr. Chidambaranathan, and K. Manivel, Assistant
General Manager, RBI.
