Total credit potential under priority sector pegged at ₹2,739.38 crore.
The National Bank for Agriculture and Rural Development (NABARD) has projected ₹2,739.38 crore as Potential Linked Credit Plan (PLP) for the year 2018-19 for the newly-formed Karimnagar district.
Collector Sarfaraz Ahmad formally released the potential linked credit plan prepared by R. Ravi Babu, AGM, NABARD, in Karimnagar town on Thursday. The total credit potential under priority sector for Karimnagar district for the year 2018-19 is projected at ₹2,739.38 crore, which is about 13.98 per cent more than the Annual Credit Plan (ACP) of the district for the year 2017-18.
The potential assessed for crop loans is ₹1401.70 crore, which is 51.17 per cent of the total projected potential for priority sector lending for Karimnagar district. The term loans for agriculture and allied activities including water resource development, farm mechanisation, land development, dairy, sheep and goat rearing, plantation and horticulture, etc. is pegged at ₹495.17 crore, which is 18.08 per cent of projected credit flow for priority sector lending and it is about 26.10 per cent of total projected agriculture credit. Thus 69.24 per cent of total outlay is earmarked for lending to farm sector.
The potential assessed under micro, small and medium (MSM) enterprises is ₹575.55 crore (21.10 per cent of total outlay), while it is ₹266.95 crore (9.75 per cent of total outlay) under Other Priority Sector (OPS) including housing, education, renewable energy and social infrastructure, etc.
Thrust has been laid on investment credit, which is 26.10 per cent of total outlay earmarked for agriculture lending with a view to achieve much needed capital formation in agriculture for doubling farmer’s income. After thorough sector-wise analysis in consultation with line departments, the projections for credit flow under water resource development, farm mechanisation, land development, animal husbandry and dairy development, sheep and goat rearing, poultry, storage godowns/market yards, plantation and horticulture, etc. were made.
The NABARD had also projected the credit potential of ₹2,732.76 crore for Jagtial district, ₹2004.81 crore for Peddapalli district and ₹1540.50 crore for Rajanna-Sircilla district for the year 2018-19. The PLPs of these districts would be released separately in the ensuing district consultative committee meetings in the respective districts.
Reserve Bank of India representative Ganeshan, Lead district manager Rajaiah, Andhra Bank DGM Nancharaiah, SBI-regional manager K. Nagaraju, Telangana Grameena Bank regional manager Krishnaiah, KDCCB CEO Satyanarayana Rao and others were also present.