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“Priority to farmers opting for horticulture crops”

Staff Reporter

District consultative committee meeting held


Total deposits of all banks is Rs. 5,513 crore

Rs. 128.77 crore disbursed to self-help group members


Nagercoil: The district consultative committee meeting (under Lead Bank scheme) chaired by the Collector, Ashish Kumar, was held here on Tuesday.

The DLRC meeting for March 2011 was not convened as the election code of conduct was in force. The total deposits of all banks was Rs. 5,513 crore, total advance of the banks being Rs. 6038 crore.

The total priority sector advances was Rs. 4,985 crore, agricultural advances was Rs. 3,341 crore, total weaker section advances Rs. 1,762 crore, advances to SC/ST was put at Rs. 282 crore, total advance to women beneficiaries was Rs. 1,696 crore, advance to minority communities was Rs. 1,745 crore and the total advance under DRI scheme was Rs. 5 crore as on March 31, 2011.

As there were quite a large number of lessees, who were involved in agriculture operations, necessary steps would be taken to form self-help groups for their benefit in order to extend financial assistance to them. Hence the Collector made an appeal to the bankers to give loans to them.

The Government had earmarked Rs. 185 crore to provide loans to the members of self help groups to undertake economic activities as well as for the revolving fund.

In the year 2010-11, a sum of Rs. 2,281 crore had been allotted for agriculture, Rs. 97 crore for service sector and Rs. 431 crore for promotion of industrial activities.

Exceeding target

Even as the sum of Rs. 107 crore has been earmarked to be distributed as financial assistance to various self help groups as a target, Rs. 128.77 crore had been disbursed to them exceeding the target.

Steps would be taken to give priority to those farmers who wanted to take up cultivation of horticulture crops, dairy development, fisheries and its allied products, and solar power plants.

Senior Regional Manager of Indian Overseas Bank G. Krishnamoorthy, A. H. Sudendra of Reserve Bank of India (Chennai), Sundarraj, Project Officer of Mahalir Thittam participated the meeting.

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