The Potential Linked Credit Plan, prepared by the National Bank for Agriculture and Rural Development (NABARD), projects a credit flow potential of Rs.1,245.62 crore to the priority sector in Nagapattinam district during 2012-13. The PLP released by Collector T.Munusamy here on Friday projects a credit flow potential of Rs.1,024 crore to the agriculture sector, including Rs.901 crore as crop loans, and Rs.26 crore to non-farm sector and Rs.196 crore to the other priority sector.

He said Rs.89.28 crore would be disbursed as compensation under the crop insurance scheme in the district for 2010-11.

T.Sankaranarayanan, Senior Regional Manager, Indian Overseas Bank, A.S.Pillai, Assistant General Manager, RBI, and K.Venugopal, AGM, NABARD, A.Thanigachalam, Lead Bank Manager, Bhaskaran, District Manager, District Industries Centre, and others were present.

89.28 crore to be disbursed as compensation under crop insurance