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Tamil Nadu
Priority sector lending to increase by 21 per cent
Staff Reporter
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To agriculture and allied sectors in Madurai district
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MADURAI: Priority sector lending to agriculture and allied sectors in Madurai district is projected to increase by 21 per cent to Rs.1,792.63 crore during 2009-10.
In its annual potentially linked credit plan (PLCP), the National Bank for Agriculture and Rural Development (NABARD) has estimated that an increase Rs. 312 crore from the current fiscal’s target of Rs. 1,480 crore set under the Annual Credit Plan 2008-09. The PLCP covers all the thrust areas and assessed the credit requirement in all the 13 blocks of Madurai district.
“Emphasis has been given to SRI (System of Rice Intensification technique) for paddy cultivation, precision farming for vegetables, fruits and flowers and the National Horticulture Mission,” NABARD Assistant General Manager R. Srinivasan told The Hindu.
Milk production
In allied sector, the State Government has laid stress on increasing milk production through supply of quality milch animals, better veterinary care, increasing coverage of veterinary insurance for all milch animals and scientific preservation of milk procurement and distribution.
Micro finance
Priority has also been accorded to develop micro finance through self-help groups.
The credit plan projected the share of ‘agriculture and allied activities’ at Rs.529.34 crore, ‘non-farm sector’ at Rs.323.29 crore and ‘other priority sector’ at Rs.940.00 crore.
At a banker’s meeting held recently, the Collector P. Seetharaman launched the PLCP 2009-10.
He received the first copy from S. Velusamy, Assistant General Manager, Reserve Bank of India.
The Collector had called upon all the bankers in the district to extend their full cooperation to achieve the credit potentials identified in the PLCP for the accelerated economic development of the district.
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