NABARD releases credit plan

December 31, 2016 12:38 am | Updated 12:38 am IST - KARIMNAGAR:

The National Bank for Agriculture and Rural Development (NABARD) has projected Rs 2,237.50 crore for priority sector lending in Karimnagar district for 2017-18.

Collector Sarfaraz Ahmed formally released the Potential linked credit plan (PLP) prepared by the NABARD here on Friday along with NABARD AGM R Ravi Babu. He said that the PLP was aimed to double the farmers income in the next five years.

The potential assessed for crop loans is Rs. 1,076.93 cr., the dairy, sheep rearing, farm mechanisation, horticulture pegged at Rs. 417.28 crore, the micro, small and medium enterprises Rs 506.32 crore and Rs 236.97 crore for other priority sector.

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