The potentially linked credit plan for Karur district has projected a credit flow of Rs.3,163 crore for the year 2016-17.
Of this, the credit for short term crop loans is estimated at Rs.979 crore while the credit for thrust areas like water resources, farm mechanisation, plantation and horticulture is put at Rs.450 crore.
Other major estimates include Rs.716 crore for SME; Rs. 400 crore for export credit; Rs. 67 crore for education; Rs. 237 crore for housing; Rs. 7 crore for renewable energy and Rs. 170 crore for other priority sector.
An area-based scheme for rural mini backyard poultry/ goat farm and desi bird farm for providing sustainable livelihood and nutritional security to nearly 530 rural poor in Karur district formed part of the plan at an estimate of Rs.1.29 crore.
In tune with the sub-target of seven per cent fixed for 2015-16 to give credit to small, marginal and landless farmers within the over all 18 per cent target fixed for loans to agriculture under the revised priority sector guidelines of the RBI, banks have been asked to achieve a target of 1,500 joint liability groups.
As Karur district has three per cent forest cover, the plan suggests that all-out efforts should be made to improve the forest cover by tapping resources of watershed projects in association with leading banks and corporates.
Collector S. Jayandhi released the plan at a meeting held here on Thursday. G. Karthigeyan, Senior Regional Manager, Indian Overseas Bank, Tirupur, received the first copy.
