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Tamil Nadu - Cuddalore Printer Friendly Page   Send this Article to a Friend

Farm sector gets lion's share

By Our Special Correspondent

CUDDALORE, NOV. 25. The 2005-06 Annual Credit Plan for the district has been fixed at Rs. 708.09 crores, 45.4 per cent higher than the current year's outlay of Rs. 486.69 crores, according to the Collector, Gagandeep Singh Bedi.

The Collector disclosed this while addressing a meeting of bankers held here recently.

As the district had a long coastline, the plan proposed to give a boost to fishing by lending Rs. 2.70 crores to fishermen for acquiring small boats and boat engines, and for prawn culture and pisciculture in saline water.

A sum of Rs. 565.89 crores has been allocated for crop loans. While the non-farm sector will get Rs. 50.20 crores, the other priority sector will be given Rs. 92 crores. Long-term advances will be made to farm technologies (Rs. 30.47 crores), minor irrigation (Rs. 18.48 crores), dairying (Rs. 17.79 crores), horticulture (Rs. 10.21 crores) and pisciculture (Rs. 5.67 crores).

A lion's share of the plan, Rs. 190 crores, will go to paddy cultivation, followed by sugarcane (Rs. 131 crores) and groundnut (Rs. 72 crores).

The groundwater level in the 13 panchayat unions, except Keerapalayam, Kumaratchi and Parangipettai, is far from satisfactory, and hence, priority will be given to drip irrigation and laying pipelines in those areas, the Collector said.

Aid for small units

One thousand small-scale units, 29 medium-size industries, and 3,100 handicrafts units have been registered in the district. The banks will extend financial assistance to the cashew processing units, and clay and ceramic toy-making units.

From the funds allocated under the other priority sector, Rs. 42 crores will be made available for improving rural housing and Rs. 6 crores disbursed as educational loans.

Of the total of 7,000 self-help groups, 6,200 had completed six months of existence, and the banks had given loans to 4,500 groups. The repayment rate now stood at 98 per cent, and therefore, the banks had come forward to extend more to them.

The National Bank for Agriculture and Rural Development (NABARD) General Manager, K. Balasubramanian, the Indian Bank Circle Head, Kathiresan, the Indian Overseas Bank coordinator, Somasundaram, and the Central Bank of India coordinator, Mohan, attended the meeting.

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