National Bank for Agriculture and Rural Development (Nabard) has projected a credit plan of Rs 68,172 crore for Karnataka during financial year 2013-14.

The current outlay for the State is 31 per cent higher than last year’s (2012-13) credit plan of Rs 52,168.12 crore.

Speaking after releasing the annual credit plan for Karnataka, S.N.A. Jinnah, Chief General Manager, Nabard-Karnataka, said “We have prepared the State focus paper with theme of ‘critical rural infrastructure for agriculture and rural development’.”

“Nabard for Karnataka has given focuses on improving land productivity and farming systems for small and marginal farmers, popularising of micro irrigation and development of weather based insurance products to mitigate risk,” he added.

He said: “We have also identified focus areas like improving drought proofing measures and farm productivity in dry land areas, bridging yield gap, deepening risk mitigation mechanisms, addressing adverse price spread through value addition.”

Regional strategy

Nabard has also formulated regional strategy for development of northern Karnataka, Malnad, Coastal and south Karnataka.

“There is a need for addressing critical rural infrastructure such as water harvesting structures, check dams, desilting of reservoirs/tanks, polyhouses and floriculture auction centres, food parks, cooling chains and accredited warehousing facility,” said Jinnah.

The State’s broad sector-wise PLP projections for 2013-14 is as follows: Financial projections for crop production, maintenance and marketing Rs 33,160.53 crore, term investment for agriculture and allied activities Rs 11,049.03 crore, MSME sector (including food and agro processing) Rs 6,363.81 crore and other priority sector Rs 17,598.43 crore.

Sector-wise allocation

Sub-sector-wise allocation is as follows: crop production, maintenance and marketing Rs 33,160.53 crore, water resources Rs 1,192.42 crore, land development Rs 1,391.60 crore, farm mechanisation Rs 1,469.68 crore, plantation and horticulture (including sericulture) Rs 2,115.16 crore, forestry and waste land development Rs 64.85 crore, animal husbandry (dairy development) Rs 1,385.49 crore, animal husbandry (poultry development) Rs 559.10 crore, animal husbandry (sheep/goat/piggery development) Rs 403.81 crore, fisheries development Rs 608.93 crore, storage gowdowns/market yards Rs 669.81 crore, renewable sources of energy and waste utilisation Rs 278.78 crore, other activities Rs 909.87 crore, MSME (investment and working capital) Rs 5,014.03 crore, food and agro processing Rs 1,349.78 crore and other priority sector Rs 17,598.43 crore.

(This article was published on February 27, 2013)
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