Tiruchirapalli

NABARD projects ₹9,755 cr. credit flow for Tiruchi

Collector S.Sivarasu releasing the Potential Linked Credit Plan for 2020-21 in Tiruchi on Thursday.

Collector S.Sivarasu releasing the Potential Linked Credit Plan for 2020-21 in Tiruchi on Thursday.  

The Potential Linked Credit Plan (PLP) prepared by the National Bank for Agriculture and Rural Development (NABARD) has projected the credit flow potential in Tiruchi district at ₹9,755.88 crore for 2020-21. This was 9.31% more than the PLP projections for the current financial year.

The Potential Linked Credit Plan projects a total credit flow potential of ₹ 5295.72 crore to the agricultural sector, including ₹3270.53 crore as crop loans and ₹1239.49 crore as term loans for agriculture and allied activities.

Agriculture infrastructure has a potential to observe ₹217.30 crore and ancillary activities ₹ 568.39 crore, it says.

Keeping in view the recent policy initiatives of the Centre to give a push to the micro small and medium enterprises, the lending potential for the MSME sector has been projected to be ₹ 2,139.42 crore.

This apart, the PLP envisages credit advances to the tune ₹1,689.94 crore towards export credit, education and housing loans. Infrastructure sector forms an important component of the PLP with an allocation of ₹276.68 crore towards social infrastructure.

An credit flow potential of ₹320 crore has been projected for the informal credit delivery system by way of support to SHGs.

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Printable version | Feb 29, 2020 8:57:16 AM | https://www.thehindu.com/news/cities/Tiruchirapalli/nabard-projects-9755-credit-flow-for-tiruchi/article29850269.ece

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