Credit outlay for 2012-13 projected
The National Bank for Agriculture and Rural Development (NABARD) has projected a total credit outlay of Rs. 1,450 crore for 2012-13 for Dharmapuri district in its Potential Linked Credit Plan (PLCP).
Focus on agriculture
District Collector R. Lilly, releasing the plan on Wednesday, said the plan laid special emphasis on the agriculture sector during the Bankers' meeting held at the Collectorate in the presence of M. Vijaykumar, Lead District Officer, Reserve Bank of India.
M. Karthikeyan, Zonal Manager of Indian Bank, received the first copy of the PLCP.
The bank has given more thrust for the crop loans, which accounts for Rs. 988 crore in the total outlay. It projected a credit outlay of Rs. 687 crore for crop loan and Rs. 301 crore for farming and allied sectors.
The bank has envisaged a credit potential of Rs. 112 crore for the development of small industries and Rs. 350 crore for other priority sectors, which paves the way for development of industries in the district.
On the basis of the PLCP, lending targets for the banks in the district will be fixed, and it will be implemented through the Lead District Bank, the Indian Bank, she adds. R. Ravichandran, Project Officer, DRDA, S. Sathiyabalan, Project Officer, Mahalir Thittam, C. Ganesan, Assistant General Manager, NABARD and J. Margaret, Lead District Manager and other officials were present.
The bank has given more thrust for the crop loans