The Annual Credit Plan (ACP) for 2010-2011 for Thanjavur district has envisaged a credit flow of Rs. 1465.91 crore under priority sector.
Union Minister of State for Finance S. S. Palani Manickam released the plan at a bankers' meeting held here on Tuesday. M.Karunakaran, Collector (in-charge), received the copy.
The credit flow envisaged for this year is 15.69 per cent more than in last year. In absolute terms, there is an increase of Rs. 198.76 crore over the plan for the year 2009-2010.
Agriculture and allied activities take the major share of Rs. 1,022.17 crore which is 69.73 per cent of the total plan outlay.
The share of non-farm sector is 9.69 per cent with an allocation of Rs. 142.01 crore.
The outlay for other priority sector is Rs. 301.73 which is 20.58 per cent of the total annual credit plan.
A comparative study of sectorwise outlay for 2009-2010, 2010 and 2011 reveals that there is an increase of Rs. 101.99 crore under agriculture, Rs. 14.13 crores under non-farm sector and Rs. 82.65 crore in other priority sector advances.
Even in agriculture, a major share of Rs. 776.12 crore has been allotted to short term production loan which is 84.34 per cent of the plan for agriculture and allied activities.
Out of the total outlay of Rs. 1,465.91 crore, commercial banks and other private sector banks take the major share of Rs. 1,381.16 crore and co-operative banks Rs. 84.95 crore which is 5.78 per cent of the total outlay.
B. Gnanavel, Assistant General Manager, Reserve Bank of India, said that some banking activity has to be started in villages with a population of 2000 as per a new scheme.
Accordingly, 252 villages in Thanjavur district have to be covered before March 2011.
S. Krishna Prasad, Senior Regional Manager, Indian Overseas Bank, and MLAs Durai Chandrasekaran and Mahesh Krishnaswamy participated.