It aims to map credit potential for agricultural, rural development sectors
A.H. Vishwanath, MP, here on Saturday unveiled the potential-linked plan (PLP) for Mysore district, for the five-year period from 2012–13 to 2016–17.
The plan involves a sum of Rs. 7,809.64 crore.
The main objective of the PLP is to map the credit potential for agricultural and rural development sectors, paving the way for meaningful direction to the flow of ground level credit from banking institutions. The credit projections cover the entire 12th Plan period.
The areas covered are crop production loans, agriculture term loans, micro, small and medium loans, and other priority sector loans.
Mr. Vishwanath urged banks and government officials not to harass the needy at the time of issuing loans.
Lead district manager of the lead bank (State Bank of Mysore), M.B. Chinnappa, said Mysore district had been surpassing the credit plan target for the last three years.
Under the PLP, Rs. 3,121.21 crore is projected for 2012–13, Rs. 4,582.14 crore for 2013–14, Rs. 5,566.5 crore for 2014–15, Rs. 6,710.54 crore for 2015–16 and Rs. 7,809.74 crore for 2016–17.
The estimated projections of crop loans and agriculture term loans together constitute 38 per cent of the PLP, under priority sector advances during 2013–14. Animal husbandry, including dairy, poultry, sheep and goat rearing, and piggery forms 1.1 per cent, and plantation and horticulture 1.7 per cent, while farm mechanisation constitutes 1.2 per cent.
Watershed development and renewable sources of energy too have been included for disbursements in 2013–14. In the area of crop production loans, maintenance and marketing, projection for 2012–13 stands at Rs. 1,000.93 crore, while it is at Rs. 2,023.5 crore for 2016–17.
Officials from the National Bank for Agriculture and Rural Development , which prepared the PLP, were present.