The Potential Linked Credit Plan for 2016-17 has assessed the credit plan for the district at Rs.14,972 crore, a projected growth of 21 per cent more than the projection of the current year.
The plan document, prepared by NABARD was released by the district collector Archana Patnaik at the District Consultative Meeting of Bankers here today.
Highlighting the major features, R Inigo Arulselvan, District Development Manager, NABARD, said of the total plan outlay, 40 per cent is earmarked for agriculture sector, comprising farm credit 36 per cent,agricultural infrastructure three per cent and ancilliary activities one per cent.
To augment storage infrastructure for foodgrains, Tamil Nadu Civil supplies corporation is in the process of creating additional capacity of 35,000 MT with financial assistance under Rural Infrastructure Development Fund of NABARD.
