Special Correspondent

Farm sector gets Rs. 275.08 crore

  • Outlay is in tune with the Potential Linked Plan of NABARD
  • District administration will help bankers for implementing development schemes
  • Non-farm sector has been provided Rs. 88.01 crore

    Udhagamandalam: The Nilgiris District's Annual Credit Plan (ACP) for 2006-2007 was released by Collector Santosh K.Misra here on Wednesday.

    He said the outlay of Rs. 433.13 crore was in tune with the Potential Linked Plan (PLP) of NABARD.

    Priority sectors

    Expressing the hope that the bankers would strive hard to achieve the ACP and surpass the targets, he assured that the district administration would extend a helping hand to the bankers for implementing development schemes and government programmes.

    While the allocation for agriculture and allied activities was Rs. 275.08 crore, the non-farm sector has been provided Rs. 88.01 crore and the balance has gone to other priority sectors.

    Welcomed

    The Divisional Manager, Canara Bank S.Venkatraman who welcomed the gathering emphasised the need to step up the performance under the ACP.

    He added that under the Small Scale Industries sector the district had to pull up its socks.

    The first copy of the ACP was received by the Lead District Officer, Reserve Bank of India, S.Veluswami. Among those present was the Project Director, Hill Area Development Programme, C. Samayamoorthy. Lead District Manager, the Nilgiris, T. Palaniswami proposed vote of thanks.

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