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NABARD’s Credit plan at Rs. 3.43 lakh Cr for Tamil Nadu during 2021-22

Mr. K. Shanmugam, IAS, Chief Secretary to GoTN launched the State Focus paper 2021-22 prepared by National Bank for Agriculture and Rural Development (NABARD) in the State Credit Seminar held at Chennai on 23rd December 2020. The Chief Secretary appreciated NABARD for playing a pioneer leadership role as a Developmental Financial Institution and leaving footprints in a host of areas related to rural economy.

He also commended NABARD for consolidating its position as a think tank for the Governments and banks through district level planning which supports banking industry and myriad other stakeholders including State Government in planning, credit and non-credit supports. What Tamil Nadu thinks today; India thinks tomorrow. Many schemes conceptualized and pioneered by the Government of Tamil Nadu have been taken up and implemented by the Central Government later. The Chief Secretary also stressed the need for production and procurement of quality seeds and supplying to the farmers on a large scale”.

Mr. S. Selvaraj, Chief General Manager, NABARD, Tamil Nadu Regional Office, in his welcome address indicated that NABARD has been preparing district-wise Potential Linked Credit Plans (PLPs) which is a step towards decentralised credit planning with the objective of mapping the potential for development under Priority Sector with institutional credit support. The projections made in PLPs for 2021-22 in agriculture and allied sectors, are aggregated and presented in the State Focus Paper (SFP). The theme of this year’s State Focus Paper is “Collectivization of Agricultural Produce for enhancing Farmer’s Income”.

The State Focus Paper 2021-22 estimates an exploitable credit potential of Rs. 3,43,452 cr, an increase of 13% over the Annual Credit Plan 2020-21 for Tamil Nadu. Of this, credit to agriculture sector is estimated at Rs 1,04,935cr (31%), followed by MSME at Rs. 102001 cr (30%) and other sectors (39.75%). Apart from the quantification of potentials, both physical and financial, the State Focus Paper also गााँि बढ़े >>तो देश बढ़े www.nabard.org Taking Rural India >> Forward highlights policy interventions and programmes initiated by State as well as Central Government.

Midle of the post

The projections made under different sectors would give sufficient leads to the bankers to channelize the credit to the priority areas as prescribed by RBI under its revised priority sector guideline. Further, the document also highlights infrastructure gaps under various sectors, which need to be addressed by the State Government on a priority basis.

Mrs. Padmaja Chunduru, MD and CEO, Indian bank who received First Prize under SHG-Bank Linkage programme congratulated the State Government for flying with colours for good governance and ease of doing business by various agencies and all the bankers of the State for their pro-active role in credit flow in the State. Mr.  Hansraj Verma, Additional Chief Secretary, Dept of Rural Development and Panchayati Raj highlighted the role of RSETI’s of the Banks in creation of rural employment.

He also said that the E-Shakthi partnership project will enable the Banks to go for SHG lending in very big way and sought support from NABARD for computerization of Primary Agricultural Cooperative Societies. Mr. Gagandeep Singh Bedi, IAS Agricultural Production Commissioner, GoTN appreciated the theme of State Focus Paper and highlighted the importance of farmers’ collectives in Tamil Nadu.

Best Performance awards under SHG Bank linkage programme was given to Indian Bank, Indian Overseas Bank, Canara Bank, ICICI Bank, HDFC Bank, IDFC under public and private sector Banks category, Tamil Nadu Corporation for Development of Women (TNCDW) as SHG promoting institution. Special awards were given to Tamil Nadu Grama Bank and Tamil Nadu State Apex Cooperative Bank. Salem, Tiruchirappalli and Kanyakumari District Central Co-operative Banks received awards under District Cooperative Banks category.

Mr. S B Suresh Kumar, General Manager, Reserve Bank of India, Mr. SC Mohanta, General Manager Indian Overseas Bank and Convenor,, State Level Bankers Committee, Tamil Nadu and Mr. R Ilangovan, Chairman, Tamil Nadu state Apex Cooperative Bank also participated in the programme.Mrs. N Neeraja, General Manager, NABARD made a sectoral presentation on the State Focus Paper. Mrs Nazia Nizamuddin, Deputy General Manager proposed vote of thanks.

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