The Potential Linked Credit Plan (PLP) prepared by the National Bank for Agriculture and Rural Development (NABARD) has projected the credit flow potential in Tiruchi district at Rs.9,755.88 crore for 2020-21. This was 9.31% more than the PLP projections for the current financial year.
The Potential Linked Credit Plan projects a total credit flow potential of Rs. 5295.72 crore to the agricultural sector, including Rs.3270.53 crore as crop loans and Rs.1239.49 crore as term loans for agriculture and allied activities.
Agriculture infrastructure has a potential to observe Rs.217.30 crore and ancillary activities Rs. 568.39 crore, it says.Keeping in view the recent policy initiatives of the Centre to give a push to the micro small and medium enterprises, the lending potential for the MSME sector has been projected to be Rs. 2,139.42 crore.
This apart, the PLP envisages credit advances to the tune Rs.1,689.94 crore towards export credit, education and housing loans. Infrastructure sector forms an important component of the PLP with an allocation of Rs.276.68 crore towards social infrastructure. An credit flow potential of Rs.320 crore has been projected for the informal credit delivery system by way of support to SHGs.