As per the revised guidelines on priority sector lending by the Reserve Bank of India, the credit potential for agriculture infrastructure, export credit, education, housing and renewable energy, involving bank credit, is estimated at Rs 95.70crore, Rs 42 crore, Rs 304 crore, Rs 299.20 crore and Rs 21.94 crore respectively. The projected estimate for the year 2020-21 is 12.85 per cent higher
than that of 2019-20.
Releasing the PLP at the standing committee meeting at Ramanathapuram recently, Collector K.Veera Raghava Rao advised the district officials to speed up the process of overall development of agriculture and allied activities by exploiting the identified potential.
The Collector further said that the PLP 2020-21 with the theme of water management, keeping in view the national priorities of “Water for every Farm”, “Per Drop More Crop” and doubling of income of farmers by 2022 were also relevant for Tamil Nadu. The planning for water management is crucial in the context of high level of water exploitation in the State – 95 per cent of surface water and 85 per cent of groundwater.
S.Mathiazhagan, District Development Manager, NABARD, Ramanathapuram, said Nabard, in its endeavour for agriculture and rural development, has been bringing out the district-wise PLP since 1989, and as per the directive of the RBI, it forms the basis for annual credit plan prepared by the banks every year. The PLP also highlighted the need for enhancement of agricultural term loans, micro credit through collateral free Self Help Group (SHG) and Joint Liability Group (JLG) loans and the need for greater credit flow for off-farm sector for creation of sustainable local employment.
The first copy of the PLP was received by TG.Viswanathan, Chief Regional Manager, IOB, Thoothukudi from the Collector. Somasundaram, Regional Manager, Tamil Nadu Grama Bank, Thoothukudi region, Anantha Varadarajan, Lead District Manager, IOB, district coordinators of all banks and officials of line departments attended the meeting.