The Hindu Business Line : Nabard credit plan for Thiruvananthapuram

THE National Bank for Agriculture and Rural Development (Nabard) has released the Potential Linked Credit Plan (PLP) for Thiruvananthapuram district for 2005-06.

The PLP was released at a meeting of the district-level review committee held at the Collectorate here on Thursday. The Nabard Chief General Manager, Mr B. S. Shekhawat, handed over the first copy the District Collector, Ms Tinku Biswal.

Also present on the occasion were Ms Mary John, Assistant general Manager, Reserve Bank; Mr K. P. Padmakumar, District Development Officer, Nabard; Mr Abraham Shaji John, Lead District Manager and Mr Joginder Paul, Chief Regional Manager, Indian Overseas Bank; and Mr S. Sivaprasad, Joint Director, Department of Agriculture.

The PLP for Thiruvananthapuram estimates a credit potential of Rs 1,799.25 crore. A major share (55 per cent) amounting to Rs 985.41 crore has been earmarked for the tertiary sector, followed by the primary sector (Rs 611.03 crore, 34 per cent, and the secondary sector Rs 202.81 crore, 11 per cent).

Under the primary sector, crop loans account for Rs 485.10 crore (27 per cent) followed by plantation and horticulture (Rs 59.94 crore, 3.25 per cent). The likely credit flow is estimated to be about Rs 1,704.16 crore.

The PLP's objective is to map the infrastructure available and the potential for development in a district so as to evolve an appropriate credit delivery strategy for a specified timeframe. Projections of the credit requirements in different sectors are therefore made taking into account the physical potential, infrastructure and linkages, credit absorption capacity of the district's economy, besides strengths and limitations of banks.

The PLP assumes greater importance in view of the renewed thrust in the Centre's farm credit policy - 2004 where emphasis has been laid on doubling agricultural credit over the next three years, according to Mr Shekhawat.

Earlier, at a State Credit Seminar, Nabard had proposed a credit plan of Rs 20,101 crore for Kerala for the year 2005-06.

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