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Accord priority to loans for irrigation systems, bankers told

Staff Reporter

KRISHNAGIRI: A Rs. 1,432-crore Annual Credit Plan was released for Krishnagiri district for 2010-11 was released by V.K. Shanmugam recently. The first copy was received by M. Vijayakumar, Manager, Reserve Bank of India.

The plan envisages Rs. 1,299-crore bank loan projection under the priority sector, which is 19.76 per cent higher increase than the over the last year's. plan.

Releasing the Credit Plan at the district consultative meeting here, Mr. Shanmugam directed the officials of the Mahalir Thittam and Non-governmental Organisations to identify credit rated groups before the end of April 2010.

Groups

Such credit rated groups would be segregated by the district administration in all the blocks and they would be linked to the banks.

He asked also urged the bankers to accord priority in extending loans for drip and sprinkler irrigation systems, precision farming, cut flower cultivation and other allied sectors of agriculture.

Of the total credit outlay, agriculture sector gets the lion's share of Rs. 786.06-crore including a crop loan of Rs. 457.53-crore, 29.80 per cent higher than last year. Rs. 328.53-crore has been projected for agricultural term credit. Of this, Rs. 29.78-crore has been allocated for minor irrigation and land development, Rs. Rs. 80.18-crore for horticulture and Rs. 5 2.45-crore for allied activities of horticulture.

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