Scheme to push credit in agriculture launched in Anantnag

Scheme to push credit in agriculture launched in Anantnag
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Srinagar: The agricultural credit bank NABARD has prepared a Potential-linked Credit Plan (PLP) for the year 2018-19, with a total “credit potential” for the agriculture sector in Anantnag district pegged at Rs 1,492 crore. The scheme was launched on Friday by the District Development Commissioner, Mohammad Younis Malik, in a District Level Consultative Committee meeting held at Anantnag. The meeting was attended by officers of NABARD, RBI, Line Departments and Banks. A growth rate of 15 percent over the previous year has been estimated for the credit potential in Anantnag district’s agriculture sector, according to District Development Manager, NABARD, Rouf Zargar.
Rouf said that the PLP has been prepared keeping in view the priorities of Govt of India towards the agriculture sector, with special focus on “more crop per drop”. He said the document takes into account various sectors such as short-term crop loans, micro irrigation, farm mechanisation, plantation and horticulture, animal husbandry, storage, solar energy, food and agro-processing and other activities under Priority Sector.
Giving the details, he said that the potential for crop loans has been assessed at Rs 565 crore and term loans in agriculture and allied sectors at Rs 262 crore. An amount of Rs 50 crore has been identified under Agriculture Infrastructure and Ancillary Activities. Loans for schools, bathrooms, hospitals would be also considered under Priority Sector.
In line with the push being accorded by the centre to the MSME sector, Rs 500 crore has been envisaged for it.
The DC urged banks to increase lending in agriculture and allied activities to generate employment in the district. He highlighted the need for area and activity-specific schemes for integrating income-generating activities under group mode such as SHGS, JLGs and beneficiaries under NRLM. He advised banks to utilise the plan document while setting up their targets under credit plans.