Financial Daily from THE HINDU group of publications
Thursday, Nov 28, 2002
Financial Daily from THE HINDU group of publications Thursday, Nov 28, 2002 |
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Agri-Biz & Commodities
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Agricultural Institutions Industry & Economy - Rural Development Rs 4,387-crore Nabard outlay for Coimbatore Our Bureau
COIMBATORE, Nov. 27 THE Potential-Linked Credit Plan (PLP) prepared by NABARD (National Bank for Agriculture and Rural Development) for Coimbatore district envisages an outlay of Rs 4387.21 crore towards various investments under the priority sector for the 2003-04 fiscal. This outlay is 27 per cent higher than the projections in the PLP for the year 2002-03. Considering the fact that the district is among the industrially advanced and commercially vibrant districts in the State, a major chunk of the projection has gone in favour of the non-farm sector amounting to Rs 3409.84 crore, followed by the agriculture sector at 12 per cent of the total plan and the service and trade sector at 10 per cent of the total plan. The non-farm sector projections have been made for new schemes such as the subsidy linked rural godowns scheme and the scheme for financing agricultural graduates. The former aims at creating sufficient scientific storage capacity in the rural areas to prevent deterioration in quality and distress sales. The Annual Credit Plan (ACP) for the district is prepared based on the PLP prepared by NABARD.
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