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Rs. 1002-cr. ACP for Dindigul Special emphasis on agriculture, horticulture

Staff Reporter

Rs. 1002-cr. annual credit plan for Dindigul district

FINANCIAL DOCUMENT: The Collector, R. Vasuki, releasing the annual credit plan in Dindigul on Tuesday. Rajya Sabha MP B.S. Gnanadesikan, is receiving it. Lead Bank Manager P. Jambunathan, looks on. — Photo: G. Karthikeyan

DINDIGUL: Collector R. Vasuki presented the annual credit plan for 2007-08 with an outlay of Rs. 1,002.47 crore. Unveiling the plan at the district-level bankers' committee meeting held here on Tuesday, she said top priority has been given for the agricultural sector.

Under the priority sector advances, there is a 25.74 per cent increase compared to the previous year's plan of Rs. 976.73 crore.

Special emphasis is given on hi-tech agriculture, horticulture and minor irrigation. Under agriculture sector, Rs. 550.83 crore has been allocated for crop loans, Rs. 4.76 crore for minor irrigation, Rs. 6.90 crore for land development, Rs. 12.96 crore for farm mechanisation and Rs. 14.72 crore for plantation and horticulture and Rs. 39.93 crore for allied activities such as dairy, poultry and sheep development. The share of agricultural sector is Rs. 630.10 crore, and it is an increase of 6.19 per cent over the previous year plan, she said.

Non-farm sector has been allocated Rs. 95.60 crore, which is up by 7.11 per cent compared to last year's plan and other priority sectors envisaged an outlay of Rs. 276.77 crore, a 12.44 per cent increase than last year.

"If farmers were prompt in repayment of their loans, their sincerity must be respected in disbursing more loans. Moreover, identification of beneficiaries and disbursal of loans must commence in April and all targets must be achieved by December to avoid last-minute pressure," advised Ms. Vasuki.

Field-level monitoring is a must to follow up proper utilisation of funds by the beneficiaries, she added.

B.S. Gnanadesikan, Rajya Sabha MP, appealed to bankers to be liberal in disbursing education loans. "We have to do better and disburse more loans", said S. Nagarajan Deputy General Manager, Canara Bank.

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