The potential-linked credit plan for Virudhunagar district for 2012-13 has envisaged credit allocation of Rs. 966.69 crore for agriculture and farm-related sector.
Releasing the credit plan at the District Consultative Committee meeting here on Thursday, Collector M. Balaji, said that non-farm sector credit allocation would be Rs. 1,300.13 crore.
The credit allocation for service sector has been pegged at Rs. 502 crore.
The credit plan allocation for 2012-13 has been Rs. 350.89 crore or 14.51 per cent more than that of the 2011-12. The potential for credit for priority sector has been fixed at Rs. 2,768.82 crore.
Virudhunagar district stood first in the State in disbursement of loan for priority sector, agriculture and service sector last year, the statement said. It also stood second in the State in disbursement of loan for non-farm sector.
The plan has given importance for credit outgo for improving milk production, poultry farming, godowns, drying units and agro-marketing sector.
The Collector has advised the bankers to give kisan credit card to all the farmers who did not have any outstanding balance in their loan accounts.
Mr. Balaji also stressed that educational loans should be given to all students belonging to the economically-weaker sections.
Loan to agri graduates
The bankers also focus on giving loans up to Rs. 20 lakh for agriculture graduates in setting up agri-clinics and agriculture marketing centres.
Chief Regional Manager of Indian Overseas Bank, K.M. Thirunavukarasu, Assistant General Managers, A.H. Sujindra (Reserve Bank of India) and J. Subramanian (NABARD), and Lead Bank Manager, V.A. Sugumar were among those who were present during the function.