Rs.5 crore allotted for infrastructure development
The Potential Linked Credit Plan (PLP) prepared by National Bank for Agriculture and Rural Development (NABARD) for Tiruvarur district for the year 2013-14 envisages a credit estimate of Rs.2,097 crore . The plan was released by S. Natarajan, Collector, here on Wednesday. N. M. Sivasamy, Senior Regional Manager, Indian Overseas Bank, received the copy.
Credit requirement for short term crop loan is estimated at Rs.1,123 crore.
The estimate for term credit for important thrust areas like water resources, farm mechanisation, plantation and horticulture, animal husbandry, storage, solar energy, and food and agro processing, stands at Rs.713 crore. Other estimates for medium and small enterprises (MSE) sector and other priority sector are Rs.80 crore and Rs.181 crore respectively.
NABARD has allotted Rs.5 crore for the district infrastructure development.
Out of this, Rs.1.48 crore will be spent for rural roads, Rs.51 lakh for construction of rural sanitary complexes, and Rs.2.53 crore for construction of godowns for Primary Agriculture Cooperative Credit Societies for storing agriculture produce like paddy.
N.Ravishankar, District Development Manager, NABARD, said that NABARD in its endeavour for rural development through effective credit planning, credit support, infrastructure development and other promotional initiatives for agriculture and allied activities, has been bringing out district-wise PLP every year to guide banks in their annual credit plan exercise.
The PLP maps the potentials available in the districts for development of agriculture and allied activities, including micro and small enterprise sector and other priority sector, and accordingly projects credit requirement, to be met by banks for exploiting the identified potentials.