Date:19/11/2008 URL: http://www.thehindu.com/2008/11/19/stories/2008111954170300.htm

Tamil Nadu

Credit plan released

Staff Reporter

KRISHNAGIRI: A Rs. 957.32 crore potential-linked credit plan (PLP) for Krishnagiri district was released in Krishnagiri on Tuesday.

This is 14.9 per cent higher projected growth rate than the present financial year 2008-09.

The estimated potential for the current fiscal is Rs. 833.31 crores, according to a press release issued by NABARD Assistant General Manager V. Thirumalai.

The release added that, the PLP was released by the Collector V.K. Shanmugam. The first copy was received by Reserve Bank of India manager Vijaykumar at the bankers meeting in the presence of Assistant General Manager, Indian Bank, Dharmapuri Circle, G. Muthappan.

As the district is predominantly rural, a lion’s share of the plan, Rs. 361.43 crore, has been earmarked for crop production, which is 37.8 per cent of the total projection.

As per the PLP, the potential for lending under agricultural term loans has been estimated at Rs. 197.90 crore constituting 20.7 per cent of the total projection, Rs. 117.99 crore for non-form sector and Rs. 280 crore for other priority sectors.

The share of crop loans, agriculture term loans, non-farm sectors and other priority sectors worked out to be 37.8 per cent, 20.7 per cent and 30.1 per cent respectively for 2009-10 as against 38.1 per cent, 20.3 per cent, 9.2 per cent and 32.4 per cent projected for the current fiscal.