Nabard raises credit outlay for Kovai district

70 per cent more than the projections for the current year. The plan document was released by Coimbatore District Collector K Rajamani at the bankers meeting and it was received by S Venkataramanan, Lead Manager, Coimbatore, said a statement on Thursday. Commending the efforts taken by Nabard in the preparation of the document, Rajamani stressed the need for increased credit flow especially term loans which will aid the capital formation in agriculture and MSME sector. Further, the Collector indicated that bankers should be more proactive in financing of Integrated Farming System (IFS).