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Rs.837.68-crore outlay for priority sector

By Our Staff Reporter

MADURAI, NOV.25 . A total of Rs.837.68 crores has been envisaged under the priority sector advances for 2005-06 in Madurai district in the potential linked credit plan (PLP) prepared by the National Bank for Agriculture and Rural Development.

The estimated share for agriculture and allied activities has been pegged at Rs.513.68 crores, along with Rs.174 crores for the non-farm sector. A sum of Rs.150 crores has been earmarked for the other priority sector.

The PLP was launched by the Collector, D. Raajendiran, during a bankers' meeting held at the Collectorate on Wednesday. The Project Officer of the District Rural Development Agency, Krishnaswamy, received the first copy.

Mr. Raajendiran called upon bankers and government officials to extend their cooperation in achieving the credit potential identified in the plan. Credit played a vital role in the integrated development of rural areas and hence the bankers and officials should work in close coordination and accelerate the pace of economic development in the district.

The Assistant General Manager of NABARD, R. Srinivasan, said the plan had been prepared considering the potential available for the development in all sectors in the district and also the infrastructure available for exploiting such potential.

The District Manager of the lead bank, Canara Bank, J. Vanangamudi, the Project Officer of Mahalir Thittam, Renuka Devi, and the General Manager of District Industries Centre, R. Arangannal, spoke.

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