The National Bank for Agriculture and Rural Development (Nabard) has estimated a credit potential of around Rs 47,451 crore in Tamil Nadu for 2010-11, an increase of 11.3 per cent year-on-year.
Addressing the annual state-level credit seminar here on Thursday, Nabard chief general manager R Narayan said the potential credit comprises crop loan of Rs 16,109 crore (up 11% over 2009-10), agriculture term loan Rs 4,933 crore (up 8%), non-farm sector credit Rs 12,683 crore (up 13%) and other priority sector loan of Rs 13,816 crore (up 19% over 2009-10).
Chief secretary KS Sripathi in his address said the credit support to farm mechanisation, seed production for pulses, horticulture, and speeding up of crop insurance compensation to farmers were among the focus areas.
The potential linked credit plan for 2010-11 has estimated a credit flow of Rs 977.69 crore for buying tractors, tillers, harvesters and farm equipment.
Sripathi said Tamil Nadu was planning a programme to expand the coverage of pulses crop to address the ongoing shortage.
“We have set a four per cent growth target for the agri sector during the 11th Plan (2012-17),” he said.