Nabard fixes Rs 8,100 crore credit plan for Thanjavur

THANJAVUR: The Potential Linked Credit Plan (PLP) for Thanjavur district for the year 2020-21 prepared by the National Bank for Agriculture and Rural Development (Nabard) has estimated the ground level credit potential of Rs 8109.06 crore for the priority sectors in the district.

The PLP was released at the district level standing committee meeting on Friday rpt Friday.A.Pazhani, Project director, District Rural Development Agency (DRDA) released the PLP document.

Padma Raghunathan, chief general manager, Nabard said that the PLP will provide sufficient lead to the bankers to channelise the credit to agriculture and other priority areas.

She has also mentioned that various adoption and mitigation strategies for promoting climate resilient agriculture in the district has been highlighted in the document.

According to K. Balamurugan, district development manager (DDM), Nabard, the credit requirement for the crop production activities, likely to be taken up in an area of 2.88 lakh hectares during the next financial year, has been estimated at Rs 4340.99 crore.

Realising the potential available to enhance the income under coconut cultivation, the credit potential for taking the inter-cropping in coconut plantation in the new delta region has been considered.

Considering the need for promoting the capital formation in agriculture and allied sectors, an overall credit potential of Rs 1102.38 crore has been estimated for term loan for agriculture, he said.

Thus a total of Rs 5443.37 crore has been estimated for farm credit. Credit flow to MSME has been estimated at Rs 613.43 crore.

Narayanan, assistant general manager, Indian Overseas Bank (IOB), J. Srinivasan, lead district manager, IOB, Ravichandran, chief manager, Indian Bank, among others participated.