NABARD launches Rs 3,730 crore Potential Linked Credit Plan for Erode
NABARD's Rs 3,730 crore Potential Linked Credit Plan for fiscal 2012-13 for Erode district has been launched
By PTI | Updated:
ERODE: NABARD's Rs 3,730 crore Potential Linked Credit Plan for fiscal 2012-13 for Erode district has been launched by District Collector Dr V K Shanmugam.
The Collector said Rs 1,698 crore has been earmarked for agriculture. This is 45.5 per cent of the total credit projection, which is 16.4 per cent higher than the previous year's estimate of Rs 1436 crore.
Out of Rs 1698 crore, Rs 1312 cr would be given for crop loan. The balance of Rs 386 crore would be utilized for lending to agricultural activities,including horticulture, and micro level irrigation,he said launching the scheme yesterday.
He said 32.7 per cent of the total outlay amounting to Rs 1,218 crore would be given for non-farm sector loans and Rs 814 crore for other priority sector advances.
NABARD's Assistant General Manager G Santhanam asked banks to expedite grant of Kissan Credit Cards to farmers and also promote as many Joint Liability Groups as possible in the district.
The Collector said Rs 1,698 crore has been earmarked for agriculture. This is 45.5 per cent of the total credit projection, which is 16.4 per cent higher than the previous year's estimate of Rs 1436 crore.
Out of Rs 1698 crore, Rs 1312 cr would be given for crop loan. The balance of Rs 386 crore would be utilized for lending to agricultural activities,including horticulture, and micro level irrigation,he said launching the scheme yesterday.
He said 32.7 per cent of the total outlay amounting to Rs 1,218 crore would be given for non-farm sector loans and Rs 814 crore for other priority sector advances.
NABARD's Assistant General Manager G Santhanam asked banks to expedite grant of Kissan Credit Cards to farmers and also promote as many Joint Liability Groups as possible in the district.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
Related Articles
Farm credit demand likely to stay strong in FY27 on higher input costs, agri investments: NABARDADVERTISEMENT
