National Bank for Agriculture and Rural Development (NABARD) has estimated credit potential to the tune of Rs 20,106 crore under priority sector for the year 2014-15.
A focus paper released by NABARD in the state credit seminar on Friday said that the credit potential envisaged an increase of about 24 per cent over the previous year. The paper is prepared by NABARD to map the potential under various sectors and in a culmination of the process aggregating credit projections made for all 27 districts in the potential linked credit plan (PLPs) prepared in consultation with various stakeholders.
The credit plan estimated by the bank for the year 2014-15 is 24 per cent more than the projections made for the previous year that stood at Rs 16272 crore.
Out of the total projected amount, 36 per cent is earmarked for crop production, 19 per cent towards investment credit for agriculture and allied activities, another 19 per cent towards micro, small and medium enterprises and 26 per cent for small business and other priority sector including housing loan, education loan, credit to professional, small road transport operators etc.
The seminar deliberated upon various issues such as low productivity of major crops grown in the state, viability of small land holdings, skewed regional development and has put lot of emphasis on crop diversification to make farming remunerative and profitable.
It has focussed on dairy, poultry, fishery and other animal husbandry activities, plantation and horticulture etc sectors, having huge demand within and in neighbouring states that will also provided livelihood opportunity to unemployed youths, women in the state and supplement the income of small farmers.
