Tamil Nadu - Tiruchi   

Potential-linked credit plan for Tiruchi released

Special Correspondent

TIRUCHI: The potential-linked credit plan (PLCP) for the district for the year 2007-08 prepared by the National Bank for Agriculture and Rural Development (NABARD), which envisages a credit flow of Rs.1,139.58 crore, was released here on Tuesday.

The District Collector, Ashish Vachhani released the PLCP at the District Consultative Committee meeting.

Speaking on the occasion, Mr. Vachhani said a credit flow of Rs.473.09 crore has been projected for crop loan, Rs.183.60 crore towards term loan under agricultural and allied activities and Rs.107.10 crore as non-farm sector investments, Rs.9.26 crore as agro and food processing industries and Rs.366.52 crore for other priority sector.

Eight per cent growth

An eight per cent credit growth is expected over the current year, without major deviation under sectoral projections. In keeping with the Central Government's thrust on agro-processing industries, a separate chapter on agro and food processing has been included this year attempting to access the surplus agricultural produce in the district and the available infrastructure and gaps for investments.

Mr. Vachhani said under the Rural Infrastructure Development Fund (RIDF), the NABARD had so far during the current financial year released Rs. 128.19 crores for the district.

A total of 288 road works, 36 bridges, 18 irrigation projects, 59 health sub-centres, 46 high and higher secondary school buildings, 21 veterinary infrastructure, 60 rain water harvesting and drinking water structures, one panchayat union shandy, 31 water sheds and 40 check dams had been taken up for execution.

The Chief Regional Manager, IOB, R. Chandran, the Project Officer, DRDA, P. Anantharaj, the Assistant General Manager, NABARD, D. Solomon Paul Jayaraj, the Lead Bank Officer, Pandian were among those who spoke.

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