Karnataka   

Rs. 315 crore for Chamarajanagar under potential-linked plan

CHAMARAJANAGAR: The total financial outlay for Chamarajanagar district under the potential-linked plan (PLP) of the National Bank for Agriculture and Rural Development (NABARD) for 2008-09 has been estimated at Rs. 315.95 crore. This is Rs. 7.85 crore less than the previous year’s outlay.

In a statement here on Friday, K.L. Vinay, assistant general manager, NABARD, Chamarajanagar district, said that the credit flow for the priority sector was estimated at Rs. 285.46 crore, which was Rs. 30.49 crore more than that of the previous year.

Of the priority sector loans, Rs. 152.85 crore has been earmarked for crop loans, while the investment credit for agriculture and allied activities has been put at Rs. 53 crore. A sum of Rs. 67.87 crore has been earmarked for other priority sectors, Rs. 8.97 crore for non-farming sector, Rs. 10.61 for minor irrigation, Rs. 15.30 crore for farm mechanisation, Rs. 4.02 crore for plantation and horticulture, Rs. 2.83 crore for sericulture, Rs. 2.75 crore for agro and food processing, Rs. 22.10 lakh for inland fisheries, Rs. 38.51 lakh for forestry and wasteland development, Rs. 70 lakh for storage godown/market yard, Rs. 21.28 for renewable sources of energy and waste utilisation, and Rs. 6.82 crore for dairy development.

In block-wise projected estimates under the priority sector, Chamarajanagar taluk has received Rs. 98 crore, followed by Gundlupet with Rs. 64.09 crore, Kollegal Rs. 88.88 crore and Yelandur Rs. 34.47 crore.

The district credit plan for Chamarajanagar is an amalgam of various service area plans prepared by all agencies providing rural credit.

The PLP prepared by NABARD provides the basis for estimating investment opportunities keeping in view infrastructural constraints and linkages in various sectors at the block and district levels. r. Vinay said that the credit plan for the district was rooted in the National Agriculture Policy announced by the Union Government in 2000, which sought to achieve an overall growth of over four per cent in agriculture.

The policy envisages actualising the untapped potential of Indian agriculture, strengthening rural infrastructure and promoting value addition, among others.

The agricultural sector occupies a predominant place in the policy initiatives of the Union and State Governments. The Prime Ministers’ Economic Advisory Council has recognised the need for foster growth in agricultural development for reduction of poverty by emphasising that agriculture must register an overall growth of at least four per cent.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Wake up to a new aroma of coffee
Dentists told to focus on research
Rs. 315 crore for Chamarajanagar under potential-linked plan
Compensation for sugarcane farmers
Grim situation
Launched

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu