The potential linked credit plan for 2012-13 for the district posits a credit estimate of Rs.1,597 crore.
While the credit requirement for short term crop loan is estimated at Rs. 512 crore; for term credit for important thrust areas such as water resources, farm mechanisation, plantation and horticulture, animal husbandry, storage, solar energy, as well as food and agro processing stands at Rs. 167 crore.
The estimates for non-farm sector and other priority sector are Rs. 618 crore and Rs. 300 crore respectively. The PLP maps the potential available in the district for development of agriculture and allied activities including non-farm sector and other priority sectors, accordingly projecting credit requirement to be met by banks for exploiting those identified potentials.
To hasten the process of development through exploitation of the potential, the PLP has suggested among other things various sector wise infrastructure requirements as also the need for expanding coverage under the emerging farm technologies for improving production and productivity of agriculture and allied activities.
Renovation and strengthening of leading supply channels of river Cauvery through concrete lining of canals and repairs, renovation of cross bridges, drainage system, and sluices, creation of artificial recharge structure like check dams, farm ponds, percolation tanks and institutions such as seed processing units in the private sector.
Also the PLP has mooted establishment of milk chilling plants. Collector V. Shobana released the PLP document and the Chief Regional Manager, Indian Overseas Bank, Dindigul region, C. Anbu received the first copy of the document. A. Parthiban, AGM, National Bank for Agriculture and Rural Development, K. Chandrasekaran, Lead District Manager were present.
Keywords: Karur credit plan