The National Bank for Agriculture and Rural Development (Nabard) has estimated the credit potential of Tamil Nadu at Rs 106,409.85 crore in 2013-14, an increase of 37 per cent. Speaking at the annual state level credit seminar, organised by Nabard, Lalitha Venkatesan, its chief general manager, said in 2012-13 the credit potential estimated was Rs 77,0835.45 crore.
The major sectors include Rs 39,135.33 crore for crop production, maintenance and marketing, Rs 28,063.62 crore towards term loan for agricultural activities, Rs 20,002.64 crore for non farm and Rs 19,208.26 crore for other priority sector activities.
The credit potential has been estimated at Rs 6,506.09 crore for farm mechanisation, Rs 5,845.28 crore for animal husbandry, Rs 4,479.88 crore for plantation and horticulture, Rs 3,0009.28 crore for godowns and market yards, Rs 2,863.66 crore for land development and Rs 2,080.52 crore and water resources.
