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Our Bureau

Thiruvananthapuram, Jan. 22 The National Bank for Agriculture and Rural Development (Nabard) has projected a credit potential of Rs 37,546 crore under Potential Linked Plans (PLPs) for Kerala in 2008-09.

As per the Reserve Bank directive, PLPs form the basis for the preparation of annual credit plans by the banks.

According to the State Focus Paper for 2008-09 brought out by Nabard, the share of primary sector in the credit potential for the year is Rs 14,156 crore (38 per cent), while that of the secondary sector is Rs 5,597 crore (15 per cent) and of the tertiary sector Rs 17,796 crore (47 per cent).

The credit potential for crop loans for seasonal agricultural operations is estimated at Rs 11,186.97 crore. The major action points identified for the year include wider coverage of Kisan Credit Cards and popularisation of organic farming.

For minor irrigation, the credit potential is put at Rs 308.27 crore. The major action points include implementation of rainwater harvesting or artificial recharge projects, expediting energisation of pump sets and popularisation of micro irrigation schemes.

The potential credit assessed for plantation and horticulture crops, which form as much as 80 per cent of the total cropped area of the State, is Rs 1,430.22 crore.

It has been found that there is need for initiating steps to improve productivity through replantation and rehabilitation programmes, making available quality planting material and floating projects for conservation of medicinal plants for commercial exploitation in future.

For rural non-farm sector, the potential for credit has been projected at Rs 2,944.29 crore.

The major action points identified in the area include revival of weavers, coir and industrial societies, appropriate training facilities for skill upgradation, diversified coir-based industries and financial assistance for working capital requirements.

In the agro and food processing sector, the credit potential is seen at Rs 2,653.25 crore for the year.

The important areas to be focused include financial inclusion of small units, especially in the unorganised sector, adoption of location-based technologies and transfer of technologies and promoting consumer acceptance of Indian brands.

More Stories on : Agricultural Institutions | Rural Development | Kerala

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