Collector G. Vanimohan on Thursday unveiled the Annual Credit Plan for 2013-14 with an outlay of Rs. 8,710.5 crore, larger in size by Rs. 2,200 crore over the last year.
The priority sector takes a lion’s share, accounting for 90 per cent of the total outlay (7,802 cr). Agriculture, a predominant economic activity in the district, has received Rs. 6,238 crore (71.61 per cent of the total plan).
Speaking at the launching function, the Collector praised the Lead Bank for drawing a plan with a thrust on promoting agriculture and allied activities.
The plan proposed to allocate Rs. 1,555 crore for distribution of tractors and power tillers to the farmers during the year as part of the drive for mechanisation in agriculture and Rs. 580-odd crore for dairy development.
The plan proposes to extend financial support to the fisheries amounting to Rs. 500 crore.
Ms. Mohan exhorted the bankers to rededicate themselves for extension of bank credit for tenant farming under the Loan Eligibility Card (LEC) scheme. She expressed the hope LEC finance and lending for dairy should be on top of the banker’s agenda in the new Financial Year. He wanted the bankers to bring all the 1.11 lakh LEC card holders under the LEC finance in the coming year.
Meanwhile the ACP proposes to focus on lending for construction of rural godowns in partnership with private parties on a large scale during the year in the wake of loss of food grains reporting at 6-10 per cent during storage and handling processes.