Nabard pegs credit outlay for state at Rs 85 k cr in 12th plan

The National Bank for Agriculture and Rural Development (NABARD) has projected a credit outlay of Rs 85,000 crore for Odisha during the 12th plan period (2012-17).

“Out of total estimated credit outlay of Rs 85,000 crore for the five year period, agriculture sector will be allotted Rs 40,000 crore, non-farm sector Rs 23, 000 crore and the balance is earmarked for other activities,” said KK Gupta, Chief General Manager, NABARD( Odisha Regional Office).

He said, details of the credit plan is being chalked out in consultation with the bankers and the credit amount will be 2.5 times more than what it was in 11th five year plan.

It may noted, the outlay for the state credit plan is prepared by the NABARD annually for all districts.

For the first fiscal of the 12th plan, the Annual Credit Plan has been pegged at Rs 29,927.41 crore, an increase of 20 percent over the credit plan of Rs 25,019.39 crore fixed for 2011-12.

Of the total plan of Rs 29,927.41 crore for 2012-13, agriculture sector has been allotted Rs 14,838.91 crore (about 60 per cent). The sum allocated for the crop production is Rs 10,401.05 crore and Rs 4,437.85 crore has been earmarked for term investment in agriculture and allied activities. Similarly, the non-farm sector including agro and food processing has been allocated Rs 3,961.97 crore while other priority sectors have got Rs 11,126.54 crore.

Gupta informed, for providing marketing platform to the artisans and craftsman NABARD for first time has partnered Odisha Rural and Urban Producers’ Association (ORUPA) for a product exhibition cum sale “NABARUPA-Changing Face of Rural Crafts-2012” in the state.

About 150 stalls will show case products of artisans and craftsmen from Odisha and other states for ten days at the exhibition starting from September 21.