Monday, November 29, 2010

Nabard prepares Rs 1,597-cr credit plan for Dharwad


The National Bank for Agriculture and Rural Development (Nabard) has prepared Rs 1,596.68-crore potential linked credit plan (PLPs) for Dharwad district for the financial year (FY) 2011-12.
Unveiling the Dharwad district credit plan at the DCC meet, Mr Y.N. Mahadevaiah, Nabard- AGM, said “Of the total credit plan amount, Rs 829.20 crore is set aside for investment under agriculture and allied activities, for non-farm sector Rs 146.52 crore, and for other priority sector Rs 620.96 crore.”
According to the district's potential linked credit plan (PLPs) for the FY 2011-12, Nabard has identified the potential for setting up rural godowns and market yards under centrally sponsored schemes of rural godowns, and also to strengthen agriculture marketing infrastructure. “Banks in the district have disbursed only Rs 1 crore. As for the rural godowns and market yard infrastructure in Dharwad district, there are 11 godowns having a capacity of 7,900 tonnes. Whereas neighbouring districts such as Koppal, Raichur and Bellary have already spent and created huge capacities. Compared to those districts, Dharwad has negligible infrastructure,” he added. Mr Mahadevaiah said that there are 22 nationalised, RRBs and co-operative banks having 257 branches. Definitely, the banks can take up funding of rural godowns and market yards to the extent of Rs 53.70 crore in the financial year 2011-12.
At the DCC meet, the Reserve Bank of India Manager Mr R Ramachandran, Vijaya Bank's AGM Mr B.A. Tata, Lead district bank manager Mr Basavarajaiah and representatives of Dharwad Zilla Panchayat were present.
The DCC meet discussed broad sector-wise PLP projections for FY 2011-12 and is as follows: For crop production, Rs 632.82 crore is planned.
Activities to be taken up under this are water resources, land development, farm mechanisation, plantation, horticulture and sericulture, dairy and storage godowns and market yard.

No comments: