The credit potential for 2016-17 for Alappuzha district is pegged at Rs.6,944 crore, as per the Potential Credit Plan (PCP), prepared by NABARD. The theme of the plan is ‘accelerating the pace of capital formation in agriculture and allied sectors.’ The crop loan potential has been estimated at Rs.2,162 crore. Focus should be on collective farming through joint liability groups, said Raghunathan Pillai, AGM, NABARD, here on Thursday. Efforts need to be taken at the panchayat level to bring in the maximum area of fallow land under cultivation in association with the Krishi Bhavan and JLGs. Sub-sectors like minor irrigation, land development, plantation, and horticulture need to be focused.
Allied activities such as dairy, poultry, goat, duck farming and fisheries should be promoted as an integral part of homestead farming.
The term loan potential has been assessed at Rs.465 crore.
The credit potential for agriculture infrastructure creation and ancillary activities such as food processing is estimated at Rs.118 crore. The MSME sector has a credit potential of Rs.3,723 crore. Other priority sector is assessed at Rs.453 crore which includes export credit, education, housing and loans to self-help groups.
The potential for creation of social infrastructure such as health care, waste management, solar power and farm tourism has also been included in the projections. With a view to supplementing additional income to small farmers, NABARD has proposed three Area Development Schemes (ADS) in the district. There exists good potential for promotion of two animal dairy units mainly to SHG/JLG members. Promotion of the scheme is suggested in Chengannur, Muthukulam, Mavelikara, and Bharanikkavu blocks.