Potential linked credit plan envisaging a credit flow of Rs. 2, 071.45 crore for the financial year 2014-15 was released here on Wednesday.

The plan, prepared by National Bank for Agricultural and Rural Development (NABARD), envisages Rs. 1,048.83 crore for agriculture and allied sector, Rs. 766.41 crore for term loan, Rs. 115.56 crore for non-farm sector, and Rs. 140. 66 crore for other priority sector.

C. Manoharan, Collector, releasing the copy, said that the plan was prepared based on groundwater and other resources.

Term loan

An impetus would be given to land development and mechanisation in agriculture and allied sector.

Under term loan, credit linkage would be provided for horticultural activities, fisheries, and cattle development.

Under the non-farm sector, small and medium industries would get a fillip in the next financial year, he said.

The first copy of the plan was received by P. Madhavan, senior regional manager, Indian Overseas Bank, Karaikudi.

  • Plan prepared by NABARD

  • Rs. 1,048.83 cr. for agriculture and allied sector