Total credit outlay Rs. 1,630 crore under priority sector
Overall increase is 15 per cent over that of the previous year
Increase for sub-sectors such as crop loans and capital formation
SALEM: National Bank for Agriculture and Rural Development (NABARD) has prepared its annual Potential Linked Credit Plan (PLP) for Salem district for a total credit outlay of Rs. 1,630 crore under priority sector for 2010-11. The Annual Credit Plan (ACP) would be based on the PLP.
The share of the broad sectors including short term credit for production and marketing and food security (crop loans) Rs. 801.30 crore, agriculture term credit for food security Rs. 200.20 crore, non-farm sector (Industries) Rs. 198.50 crore and other priority sector Rs. 430 crore.
After officially launching the PLP, the Assistant General Manager (District Development), NABARD, P. Manimekalai pointed out that the overall increase was 15 per cent over that of the previous year and there were increases in sub sectors including crop loans (13 per cent), capital formation (35 per cent) and other priority (20 per cent).
Farm sector accounted for 61 per cent followed by other priority sector at 26 per cent and non-farm with 12 per cent.
The share of crop loan was 49 per cent of the total priority sector and 80 per cent of the primary sector.
The investment credit accounted for 12 per cent of the total priority sector with 20 per cent for the total primary sector.
Total assistance of Rs. 249.81 crore had been sanctioned to the State for creating infrastructure support in the district.
So far, 1,193 projects comprising of 440 road works, 35 bridges, 13 irrigation tanks, 264 check dams, 187 school projects, 66 veterinary projects, 165 drinking water projects, 11 habitations and nine ground water projects were sanctioned.
The total project outlay was Rs. 294.38 crore. Over 815 of these projects had since been completed improving the rural connectivity through creation of better infrastructure.
The thrust areas of investments that had been identified included enhanced use of drip and sprinkler system for optimum utilization of the scarce water resource, cultivation of medicinal and aromatic plants on a cluster basis with tie-up to user industry, promotion of value added products under the dairy sector, bulk milk cooling units, increasing vegetable cultivation, and organized marketing set up for fruits and vegetables.