Credit flow forecast for Tiruchi district released

The Potential Linked Credit Plan (PLP) prepared by National Bank for Agriculture and Rural Development (NABARD) projects a credit flow potential of Rs. 8,924.75 crore in Tiruchi district during 2019-20.

The projection is 8.1% more than what was envisaged in the PLP for the current financial year.

The plan projects a credit flow potential of Rs. 3,090.22 crore for crop loans and Rs. 1,042.80 crore for term loans for agriculture and allied activities. The estimate for agriculture infrastructure is Rs. 188.38 crore, while ancillary activities could get about Rs. 500.61 crore. The total credit flow potential is put at Rs. 4,822.02 crore.

The credit potential for MSME sector has been estimated at Rs. 1,721.48 crore. Credit for exports, education and housing offers potential for advances to the tune ofRs. 1,749.21 crore.

Collector K. Rajamani, who released the plan, urged bankers to allocate more funds for medium and long term credit for the agriculture sector as there was good scope to promote animal husbandry and micro irrigation systems.

V. Rajaraman, Assistant General Manager, NABARD, said the PLP for 2019-20 had been prepared taking into account the revised priority sector guidelines issued by Reserve Bank of India.

Vaidhyanathan, Lead District Manager, Indian Overseas Bank, said the annual credit plan for the district would be prepared based on the inputs provided by the PLP.

Source