: Erode District Collector Dr S Prabakar released the Rs 8672 crore Potential Linked Credit Plan for 2016-17 prepared by NABARD.
NABARD Assistant General Manager, G Santhanam in a release said that as per the guidance of Reserve Bank of India the Annual Potential Linked Credit Plan for Rs 8672 crore was 15 per cent higher than last year (2015-16) plan of Rs 7543 crore.
He said importance has been given to the Agricultural sector and 5,630 crore would be given for the sector as against Rs 4841.48 cr granted last year.
Of the amount Rs 3,270 crore would be given as crop loan, as against Rs 2937 granted last year, he said.
In addition for the Animal Husbandry, Agricultural Engineering, watershed programme,formation of cold storage and some other agricultural allied sectors, Rs 1,111 crore would be given, which was also 15 per cent more than last year allotment.
An amount of Rs 635 crore would be given for food processing and commodities Pledge loan, Rs 1670 crore for Small and tiny industries and other industrial activities.
For education loan, housing loan and other essential loans a sum of Rs 1371 crore would be given.
The Collector said the Lead District Bank (Canara Bank) would prepare an annual Credit Plan based on the Potential Linked Credit Plan of NABARD.
