The annual credit plan for Tiruchi district envisages a credit flow of Rs.5,682.57 crore to the priority sector during 2015-16, an increase of 22.24 per cent over the previous year.
The credit plan, released by Collector K.S.Palanisamy at the bankers committee meeting here , shows an increase in priority sector advances by Rs.1,033.86 crore over 2014-15.
The plan outlay almost synchronises with the Potential Linked Credit Plan prepared by the National Bank for Agriculture and Rural Development, which estimated the credit flow potential for the district at Rs.5683.37 crore for the year.
About 61 per cent of the total priority sector advances, amounting to Rs.3,475.57 crore, has been earmarked for the agriculture and allied sector. The non-farm sector has been allocated Rs.665.03 crore, accounting for 11.70 per cent of the priority sector advances.
Other priority sector advances has been projected to be at Rs.1,541.97 crore, constituting 27.14 per cent of the outlay.
The allocation for the agriculture sector has been increased by 18.97 per cent (Rs.554.27 crore in absolute terms) over 2014-15 and for the non-farm sector by 10.69 per cent (Rs.64.28 crore).
The allocation for other priority sector has been increased by 36.86 per cent (Rs.415.31 crore) over 2014-15.
In agriculture sector allocation, a major share of the credit flow, amounting to Rs.2,634.10 crore, would go towards crop loans. Farm mechanisation would get about Rs.209.82 crore and dairy development Rs.129.33 crore. Minor irrigation would get a credit flow of Rs.108.93 crore and plantation and horticulture crops would get about Rs.105.48 crore. Storage godowns would be advanced Rs.37.70 crore.
Under non-farm sector , Rs.593.54 crore has been set aside for small scale industries. Among the other priority sector advances, Rs.568.25 crore has been earmarked for housing loans, and Rs.254.91 crore for education loans.
