Nabard has projected a ‘potential’ for 11.2 % increase in the credit flow to ‘priority sectors’ in the district during 2018-19 financial year compared to 2017-18.
The calculation was made based on the inputs obtained from ground-level assessments by Nabard team.
The team also took into account the credit trends in the district for the last many years to arrive at the projections.
Nabard Assistant General Manager E. Raju told The Hindu that of the total projected credit flow of ₹ 11,189 crore to ‘priority sectors’ for 2018-19 fiscal year, it was estimated that the lion’s share of ₹ 6,843 crore would go to MSME sectors.
“We have identified post-harvest infrastructure, water conservation activities, food processing, and formation and credit linkage of joint farming groups, among few other agriculture allied activities as the ‘thrust areas’ on which banks could concentrate more to achieve the envisaged credit potential of ₹ 2,903crore in agriculture sector during 2018-19 fiscal year”, he said.
For the benefit of bankers, the Nabard had come out with a computation of crop-wise potential for credit.
“We have assessed the data for around 30 widely cultivated crops in the district”, said Mr. Raju.
